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Property profile & analytics
FOR LEASE
Manufacturing properties
230 East Grand Ave South San Francisco, CA 94080
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1319956
For Lease
$840,000
230 East Grand Ave, South San Francisco, CA 94080
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
CANNERY
Year built
1998
Total area
107,193 SF
Lot
5.59 ac (243,400 SF)
Zoning code
M2000H
APN
015-042-200
UPID
US09-1319956
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
-
Terremoto Biosciences, Inc. Corporate Office
-
Oasis Day Program Adult Day Care
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$819k
Blend (final)
Blend
$840k
Owner & transaction history
Pg II 230 East Grand LLC · 4 yrs held
Pg II 230 East Grand LLC
since 2022
6 recorded transactions
Zoning & alternative use
M2000H · South San Francisco, 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 South San Francisco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South San Francisco 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
Method
Estimation
Statistic approach
by Request
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CANNERY
$995,000
Current use
Blend value · Realmo final
$840k
Range $756k – $924k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$8 / SF
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
$696,457
Tax year 2024
Assessed value
$63,229,335
Assessed 2024
Previous assessed
$63,229,335
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$31,292,726
Assessed improvement
$31,936,609
Applied tax rate
13.0000
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
Manufacturing properties
Use group
CANNERY
Status
For Lease
Year built
1998
Heating
NONE
Total area
107,193 SF
Lot
5.59 ac (243,400 SF)
Zoning code
M2000H
APN
015-042-200
UPID
US09-1319956
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M2000H · South San Francisco, CAZoning M2000H · permitted uses
M2000H · South San Francisco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
CANNERY Current
Est. value
$995,000
CANNERY Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Lot
5.59 ac
Current owner
From public records · entity-resolved
Pg II 230 East Grand LLC
Entity
Mailing address
3000 MERIDIAN BLVD STE #200, FRANKLIN, TN 37067-6388
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2022
—
Pg II 230 East Grand LLC
Britannia Pointe Grand LP
Grant Deed
—
Apr 16, 1997
$26,970,502
Britannia Pointe Grand LP
Nc Land Associates Ltd
Grant Deed
$40,000 · Sdk INC
Oct 15, 1996
—
Nc Land Associates LP
Wcb Properties LP
Quit Claim Deed
related
—
Feb 28, 1992
—
C Land Assoc Limit Partn N
Unknown
Grant Deed
related
—
—
—
Nc Land Associated LP
—
Deed Of Trust
related
$4,194,000 · Dag Managements Co
—
—
Britannia Pointe Grand LP
—
Deed Of Trust
related
$47,800,000 · Northwestern Mutual Life Ins
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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