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Property profile & analytics
OFF-MARKET
Hotels
223 Twin Dolphin Dr Redwood City, CA 94065-1414
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3148213
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1987
Construction
CONCRETE
Total area
282,273 SF
Lot
6.16 ac (268,195 SF)
Zoning code
CB0000
APN
095-233-180
UPID
US10-3148213
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
-
Redwood City Sleep Center Medical Clinic
-
Waterside Grill + Lounge Grocery & Convenience Store Food Market
-
Camp Integem: Holographic AR Coding, STEM, AI, Animation, Art & Design Summer Camp at Redwood Training Center Tutoring Service
-
Encore Rental Equipment Company Tech Support Center
-
Grand Bay Hotel San Francisco Hotel & Motel
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
Arepiii Psf Hotel LLC · 5 yrs held
Arepiii Psf Hotel LLC
since 2021
Last sale
$82.3M
7 recorded transactions
Zoning & alternative use
CB0000 · Redwood City, 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 Redwood City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redwood City 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
$1,318,667
Tax year 2024
Assessed value
$115,197,732
Assessed 2024
Previous assessed
$115,197,732
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$38,415,729
Assessed improvement
$76,782,003
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Stories
9
Units
421
Rooms
42
Total area
282,273 SF
Lot
6.16 ac (268,195 SF)
Zoning code
CB0000
APN
095-233-180
UPID
US10-3148213
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CB0000 · Redwood City, CA
Zoning CB0000 · permitted uses
CB0000 · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redwood City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
NONE
Stories
9
Units
421
Rooms
42
Lot
6.16 ac
Current owner
From public records · entity-resolved
Arepiii Psf Hotel LLC
Entity
Mailing address
1600 MARKET ST STE #2600, PHILADELPHIA, PA 19103-7219
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
—
Arephi Psf Hotel LLC
—
Deed
related
$69,500,000 · Grand Bay Intermediate LLC
Apr 1, 2021
$82,250,000
Arepiii Psf Hotel LLC
Spus7 Redwood City Hotel Owner LLC
Grant Deed
$84,000,000 · Pcred Lending LLC
Dec 7, 2020
—
Spus7 Redwood City Hotel Owner
—
Deed
related
$92,300,000 · Miscellaneous Ins Co
Aug 11, 2020
—
Spus7 Redwood City Hotel Owner
—
Deed
related
$92,300,000 · Miscellaneous Ins Co
Dec 1, 2015
$1,545,000
Spus7 Redwood City Hotel Owner LLC
Plcp Sf Bay Hotel Ownerco LLC
Grant Deed
—
May 8, 2012
$76,243,000
Plcp Bay Hotel Ownerco LLC
Twin Dolphin Ownerco LLC
Grant Deed
—
Apr 11, 2006
—
Twin Dolphin Ownerco LLC
Blakeslee,arthur L
Grant Deed
—
Apr 11, 2006
$59,447,500
Twin Dolphin Ownerco LLC
Shu Redwood Ca INC
Grant Deed
$26,137,500 · Lehman Brothers Bank Fsb
Jan 6, 1997
—
Steven Cimalore Trustee
Bois Rouge Hotel Assoc LP
Grant Deed
related
—
Feb 21, 1991
—
Bois Rouge Hotel
First American T
Trustees Deed
related
—
—
—
Spus7 Redwood City Hotel Lesse
—
Deed Of Trust
related
$92,300,000 · Miscellaneous Ins Co
—
—
Spus7 Redwood City Hotel Owner
—
Loan Modification
related
$92,300,000 · Miscellaneous Ins Co
—
—
Spus7 Redwood City Hotel Owner
—
Loan Modification
related
$92,300,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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