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Property profile & analytics
OFF-MARKET
Estimated value
$7,100,000
Retail space
221 Park Rd Burlingame, CA 94010-4205
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0734555
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
0.17 ac (7,500 SF)
Zoning code
CL00C1
APN
029-203-050
UPID
US09-0734555
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
California Best Electricians Electrical Service General Contractor
-
Vinyl Room Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.10M
Owner & transaction history
Green Banker LLC · 1 yrs held
Green Banker LLC
since 2024
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
CL00C1 · Burlingame, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burlingame submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlingame submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$12,488
Tax year 2024
Assessed value
$1,059,482
Assessed 2024
Previous assessed
$1,059,482
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$518,271
Assessed improvement
$541,211
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Lot
0.17 ac (7,500 SF)
Zoning code
CL00C1
APN
029-203-050
UPID
US09-0734555
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL00C1 · Burlingame, CA
Zoning CL00C1 · permitted uses
CL00C1 · Burlingame, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlingame. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Green Banker LLC
Entity
Mailing address
2900 SMT DR, HILLSBOROUGH, CA 94010-6241
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
$7,100,000
Green Banker LLC
Bruce G Horn
Grant Deed
$3,100,000 · Tri Counties Bank
Jun 7, 2023
—
Lori L Horn
Lori L Horn
Intrafamily Transfer
related
—
Jun 16, 2016
—
Horn Family Trust
Horn Family Trust
Quit Claim Deed
related
$1,800,000 · Jp Morgan Chase Bk
Jan 29, 2004
—
Horn,tr
Horn,tr
Quit Claim Deed
related
—
Apr 23, 2002
—
Horn Trust
Horn,bruce G
Quit Claim Deed
related
—
Oct 3, 2001
—
Bruce G Horn
Horn,virginia S
Quit Claim Deed
related
$1,250,000 · California Federal Bank
Jul 14, 2000
$40,000
Horn Trust
Horn,alan V
Grant Deed
related
—
Aug 6, 1999
—
Horn Trust
Horn Family Partners LP
Quit Claim Deed
related
—
Mar 6, 1997
—
Horn Family Partners LP
Lawrence J Horn Trustee
Quit Claim Deed
related
—
Dec 6, 1991
—
Alan Horn B Horn
—
Quit Claim Deed
related
$750,000 · Liberty National Bank
Jul 12, 1990
$457,000
Alan Horn B Horn
Horn,b.&g. Trust
Grant Deed
related
—
—
—
Alan V Horn
—
Deed Of Trust
related
$1,000,000 · Liberty Federal Savings & Loan
—
—
Horn Lori Trust
—
Deed Of Trust
related
$1,500,000 · Mid Peninsula Bank
—
—
Harmonious Hldgs
—
Deed Of Trust
related
$1,800,000 · Jp Morgan Chase Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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