Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2250 Palm Ave San Mateo, CA 94403-1815
    Back to Search
    Property profile & analytics

    2250 Palm Ave, San Mateo, CA 94403-1815

    View on Map
    • Investment properties
    • 0.15 lot acres
    Off-Market
    Last Sale Oct 30, 2020
    $3,200,000
    Property ID
    US09-1926630
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,195,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Myriad Music School & Dance Academy / Training Center

    Property Details for 2250 Palm Ave

    Lot size
    0.15 lot acres
    Zone code
    C40001
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    039-073-410
    APU
    39073410

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 5, 2020 — Myriad Music — Deed · related $1.6M · Bank Of The West
    Oct 30, 2020 $3,200,000 Palm Ave Investors LLC The Burnham Family Limited Partners Grant Deed $1.6M · Bank Of The West
    Sep 14, 2020 — Owner Name Unavailable Robert L Burnham Affidavit Of Death · related —
    Sep 9, 2020 — Patricia E Burnham Hugh H Macdonald Quit Claim Deed · related —
    Sep 9, 2020 $400,000 Burnham Fam LP Agreement No 1 Patricia E Burnham Grant Deed —
    Jul 8, 1993 — Burnham Trust Hill,s./carter,k Quit Claim Deed · related —
    Jun 7, 1993 — Sandra Hill Burnham Patricia Quit Claim Deed · related —
    — — Myriad Music — Deed Of Trust · related $1.6M · Bank Of The West

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,155,000
      ML approach
      $3,190,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Mateo
    County
    San Mateo
    State
    California
    Longitude
    -122.306
    Latitude
    37.5458
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $20,575
    $1,177,940
    $519,991
    $1,697,931
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      5 37th Ave

      STORE/OFFICE (MIXED USE)
      5 37th Ave, San Mateo, CA 94403-4404
      View Details
    • Value Estimation by Request
      0.20 Acres

      25 25th Ave

      STORE/OFFICE (MIXED USE)
      25 25th Ave, San Mateo, CA 94403-2236
      View Details
    • Value Estimation
      $610,000
      3,138 SF

      32 37th Ave

      STORE/OFFICE (MIXED USE)
      32 37th Ave, San Mateo, CA 94403-4405
      View Details
    • Value Estimation
      $1,330,000
      7,219 SF

      2287 El Camino Real

      STORE/OFFICE (MIXED USE)
      2287 El Camino Real, San Mateo, CA 94403-1808
      View Details
    • Value Estimation by Request
      0.06 Acres

      22 25th Ave

      STORE/OFFICE (MIXED USE)
      22 25th Ave, San Mateo, CA 94403-2334
      View Details
    • Value Estimation by Request
      0.17 Acres

      120 25th Ave

      STORE/OFFICE (MIXED USE)
      120 25th Ave, San Mateo, CA 94403-2208
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,870 SF

      San Mateo Mixed-Use Investment

      Fully leased mixed-use building in high-traffic San Mateo location.
      22 25Th Ave, San Mateo, CA 94403
      View Details
    • Contact for pricing

      San Mateo Industrial Property

      Industrial property available for sale in San Mateo, California.
      2163 Palm Ave, San Mateo, CA 94403
      View Details
    • $7,500,000
      1.25 Acres

      San Mateo Undeveloped Gem

      Rare San Mateo County property offered after 57 years.
      2075 S Norfolk St, San Mateo, CA 94403
      View Details
    • Contact for pricing
      2,447 SF

      San Mateo Multifamily Investment Opportunity

      Six-unit multifamily property in San Mateo with upgraded interiors.
      19 41St Pl, San Mateo, CA 94403
      View Details
    • Contact for pricing
      Pending

      San Mateo Condo with Water Views

      Elegant condo with water views, pool, gym, and pet-friendly.
      1640 Marina Ct, San Mateo, CA 94403
      View Details
    • $2,150,000
      5,016 SF

      San Mateo 5-Unit Apartment Building

      Spacious 5-unit apartment building near downtown San Mateo.
      Pacific Blvd, San Mateo, CA 94403
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,000 SF

      Class A Office Space Available

      Four-story Class A building with lab-ready infrastructure.
      2955 Campus Dr, San Mateo, CA 94403
      View Details
    • Contact for pricing
      3,185 SF

      Retail Space in Busy Center

      Retail space with excellent parking and high traffic counts.
      1826-1890 South Norfolk St, San Mateo, CA 94403
      View Details
    • Contact for pricing
      26,649 SF

      Class A Office Building

      Class A office building in San Mateo County for lease.
      1900 S Norfolk St, San Mateo, CA 94403
      View Details
    • $12,000 /Mo

      Renovated Office Space in San Mateo

      Move-in ready office space with modern upgrades and natural light.
      2575 Flores St, San Mateo, CA 94403
      View Details
    • $3 SF/Yr
      21,701 SF

      San Mateo Office Space Available

      Three-story office building with ample parking and easy highway access.
      3130 La Selva St, San Mateo, CA 94403
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2250 Palm Ave
    San Mateo, CA 94403-1815
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2250 Palm Ave, San Mateo, CA, 94403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!