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Property profile & analytics
OFF-MARKET
Investment properties
223 El Camino Real San Bruno, CA 94066-4838
Entity Owned
32-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1196796
Property summary
AI-generated overview
This exceptional 2,253-square-foot manufacturing property, located at 223 El Camino Real in San Bruno, California (zip code 94066), presents a unique investment opportunity. Situated in San Mateo County, this special-purpose industrial building offers a prime location near downtown San Bruno and other key attractions, including San Francisco International Airport (SFO). The property is currently configured as a restaurant, "The Famous Rib Shack," offering a turnkey business opportunity for an owner-operator. The current owner is willing to provide training and support during the transition period. The sale price is $558,000. Note that the sale includes the building only
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Lot
0.14 ac (5,987 SF)
Zoning code
CN0000
APN
020-406-820
UPID
US09-1196796
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
-
Hip Hop Bbq Taco Zone Restaurant
-
Hip Hop Bbq Shack Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Welch Family Partnership · 32 yrs held
Welch Family Partnership
since 1993
3 recorded transactions
Zoning & alternative use
CN0000 · San Bruno, 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 San Bruno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Bruno 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
$11,919
Tax year 2024
Assessed value
$775,788
Assessed 2024
Previous assessed
$775,788
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$554,137
Assessed improvement
$221,651
Applied tax rate
10.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Heating
NONE
Lot
0.14 ac (5,987 SF)
Zoning code
CN0000
APN
020-406-820
UPID
US09-1196796
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CN0000 · San Bruno, CA
Zoning CN0000 · permitted uses
CN0000 · San Bruno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Bruno. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Welch Family Partnership
Entity
Free & Clear · 32 yrs held
Mailing address
383 SAN BRUNO AVE W, SAN BRUNO, CA 94066-3526
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 1993
—
Welch Family Partnership
Welch Family Par
Quit Claim Deed
related
—
Dec 27, 1993
—
—
—
Deed Of Trust
related
—
Dec 22, 1993
—
Joseph Welch
Joseph W Welch T
Quit Claim Deed
related
—
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.
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