Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Investment properties
2333 El Camino Real San Mateo, CA 94403-2271
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1104001
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1938
Total area
2,371 SF
Lot
0.06 ac (2,500 SF)
Zoning code
C30000
APN
039-083-020
UPID
US09-1104001
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
-
Temp Care - Child Care Staffing in San Mateo Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$955k
Owner & transaction history
Chunle Chunle Zhao · 3 yrs held
Chunle Chunle Zhao
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
C30000 · San Mateo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+41.1%
Neighborhood: shopping center
$1.3M
+16.8%
Retail stores
$1.2M
+4.9%
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 Mateo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Mateo 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
$910,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,095,000
Current use
OFFICE BUILDING
$1,545,000
Change: +41% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,280,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$1,150,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,075,000
Change: -2% · Conversion: Difficult
WAREHOUSE, STORAGE
$905,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $1.00M (Oct 18 2022)
Last sale anchor
$1.00M
Oct 18 2022
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
$403 / 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
$13,137
Tax year 2024
Assessed value
$1,047,196
Assessed 2024
Previous assessed
$1,047,196
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$926,497
Assessed improvement
$120,699
Applied tax rate
12.0000
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
Year built
1938
Heating
NONE
Stories
2
Total area
2,371 SF
Lot
0.06 ac (2,500 SF)
Zoning code
C30000
APN
039-083-020
UPID
US09-1104001
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C30000 · San Mateo, CA
Zoning C30000 · permitted uses
C30000 · San Mateo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Mateo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$905,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1938
Heating
NONE
Stories
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Chunle Chunle Zhao
Individual
Mailing address
19269 STANTON AVE, CASTRO VALLEY, CA 94546-3228
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
$320,000
Chunle Chunle Zhao
Chunle Zhao
Grant Deed
related
—
Oct 18, 2022
—
Chunle Zhao
Hua Luo Wan
Intrafamily Transfer
related
$71,000 · Wing Choi
Jul 6, 2021
$1,000,000
Chunle Zhao
Billy Lee Campbell
Grant Deed
$750,000 · Velocity Commercial Capital LLC
Jul 6, 2021
—
Chunle Zhao
Hua Luo Wan
Intrafamily Transfer
related
—
Apr 24, 2001
—
Campbell Trust
Campbell,billy L & Linda J
Quit Claim Deed
related
—
Nov 5, 1999
$425,000
Billy L Campbell
Kapa,martin & Vilma
Grant Deed
$318,750 · Kapa Trust
—
—
Billy L Campbell
—
Deed Of Trust
related
$340,000 · 504 1st Mortgage Lending Corp
—
—
Campbell,tr
—
Deed Of Trust
related
$125,000 · Diridon Trust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2333 El Camino Real?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
