Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    234 5th Ave Redwood City, CA 94063-3754
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    234 5th Ave Redwood City, CA 94063-3754

    View on Map
    • Apartment buildings
    • 12,036 SF
    • 0.20 lot acres
    Off-Market
    Last Sale Aug 10, 2023
    $1,820,000
    Property ID
    US09-1866377
    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
    $1,985,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 234 5th Ave

    Year built
    1980
    Lot size
    0.20 lot acres
    Property size
    12,036 SF
    Zone code
    R30000
    Property type
    Apartment buildings
    APN
    060-091-360
    APU
    60091360

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,095,000
      ML approach
      $2,205,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Redwood City
    County
    San Mateo
    State
    California
    Longitude
    -122.205
    Latitude
    37.4705
    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
    $46,121
    $1,700,000
    $1,400,000
    $3,100,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $38,675,000
      196,812 SF

      353 Main St

      APARTMENT HOUSE (5+ UNITS) • 196,812 SF
      353 Main St, Redwood City, CA 94063-9803
      View Details
    • Value Estimation
      $5,790,000
      22,695 SF

      640 Veterans Blvd

      APARTMENT HOUSE (5+ UNITS) • 22,695 SF
      640 Veterans Blvd, Redwood City, CA 94063-1409
      View Details
    • Value Estimation
      $900,000
      3,252 SF

      1015 Warren St

      APARTMENT HOUSE (5+ UNITS) • 3,252 SF
      1015 Warren St, Redwood City, CA 94063-1223
      View Details
    • Value Estimation
      $1,750,000
      3,686 SF

      62 Winslow St

      APARTMENT HOUSE (5+ UNITS) • 3,686 SF
      62 Winslow St, Redwood City, CA 94063-1197
      View Details
    • Value Estimation
      $3,205,000
      12,427 SF

      348 4th Ave

      APARTMENT HOUSE (5+ UNITS) • 12,427 SF
      348 4th Ave, Redwood City, CA 94063-3768
      View Details
    • Value Estimation
      $3,245,000
      13,036 SF

      105 5th Ave

      APARTMENT HOUSE (5+ UNITS) • 13,036 SF
      105 5th Ave, Redwood City, CA 94063-3667
      View Details

    Similar Nearby for Sale

    • $3,100,000
      7,040 SF

      Redwood City Multifamily Investment Opportunity

      Eight-unit apartment building near downtown Redwood City.
      3212 Rolison Rd, Redwood City, CA 94063
      View Details
    • $3,495,000
      6,300 SF

      Renovated Redwood City Multifamily Property

      Ten renovated units near downtown Redwood City and Elko Yards.
      116 Pine St, Redwood City, CA 94063
      View Details
    • $1,628,000
      3,200 SF

      Redwood City Four-Unit Apartment Property

      Four-unit apartment in Redwood City with attractive unit mix.
      545 Hampshire Ave, Redwood City, CA 94063
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      107,212 SF

      New Office and Residential Building

      Five-story office and residential building with below-grade parking.
      1201 Main St, Redwood City, CA 94063
      View Details
    • Contact for pricing

      Commercial Kitchens for Food Operators

      Private industrial kitchens for catering, food prep, and supply hub.
      426 Macarthur Ave, Redwood City, CA 94063
      View Details
    • Contact for pricing
      2,860 SF

      Downtown Redwood City Retail Space

      Retail space in downtown Redwood City near CalTrain station.
      2654 Broadway St, Redwood City, CA 94063
      View Details
    • Contact for pricing
      15,121 SF

      Redwood City Flex/Industrial/Office Space

      15,121 SF flex, industrial, and office space for lease.
      600-640 Galveston Dr, Redwood City, CA 94063
      View Details
    • Contact for pricing
      1,170 SF

      Redwood City Office Space Available

      Office space for lease in Redwood City, CA.
      1003 Main St, Redwood City, CA 94063
      View Details
    • Contact for pricing
      4,441 SF

      Redwood City Office Space Available

      Office space available for rent in Redwood City, CA.
      200-260 Main St, Redwood City, CA 94063
      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.
    234 5th Ave
    Redwood City, CA 94063-3754
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!