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Property profile & analytics
OFF-MARKET
Estimated value
$3,025,000
Apartment buildings
238 Grand Blvd San Mateo, CA 94401-2397
Trust Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0546685
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Total area
15,663 SF
Lot
0.48 ac (20,776 SF)
Zoning code
R30000
APN
032-153-290
UPID
US09-0546685
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.03M
Owner & transaction history
Meiswinkel,j & C Trust · 9 yrs held
Meiswinkel,j & C Trust
since 2016
7 recorded transactions
Zoning & alternative use
R30000 · San Mateo, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$193 / 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
$69,272
Tax year 2024
Assessed value
$3,304,509
Assessed 2024
Previous assessed
$3,304,509
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$1,275,692
Assessed improvement
$2,028,817
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1976
Heating
NONE
Stories
2
Units
14
Rooms
53
Bathrooms
3
Total area
15,663 SF
Lot
0.48 ac (20,776 SF)
Zoning code
R30000
APN
032-153-290
UPID
US09-0546685
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R30000 · San Mateo, CA
Zoning R30000 · permitted uses
R30000 · 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.
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Stories
2
Units
14
Rooms
53
Bathrooms
3
Lot
0.48 ac
Current owner
From public records · entity-resolved
Meiswinkel,j & C Trust
Trust
Mailing address
30 DOWNEY WAY, HILLSBOROUGH, CA 94010-6176
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2019
—
Meiswinkel,j & C Living Trust
—
Deed
related
$5,000,000 · Tri Counties Bank
Oct 4, 2016
—
Meiswinkel,j & C Trust
Meiswinkel J & C Trust
Quit Claim Deed
related
—
Jun 5, 2014
—
Meiswinkel,j & C Living Trust
—
Grant Deed
related
$8,000,000 · First Nat'l Bk/nthrn Ca
Apr 9, 1999
$904,545
Meiswinkel Trust
Guglielmi,robert A & Joyce L
Grant Deed
—
Dec 1, 1998
—
Robert A Guglielmi
Guiler Trust
Grant Deed
$1,250,000 · Seller
Mar 17, 1993
—
Guiler,trust
Guiler,h Lewis J
Quit Claim Deed
related
—
—
—
Meiswinkel,j & C Living Trust
—
Loan Modification
related
$5,000,000 · Tri Counties Bank
—
—
Meiswinkel J & C Living Trust
—
Deed Of Trust
related
$920,857 · Guiler Trust
—
—
Meiswwinkel,tr
—
Deed Of Trust
related
$3,000,000 · First National Bank North Coun
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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