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Property profile & analytics
FOR SALE
Retail space
2393 Spring St Redwood City, CA 94063
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2005249
For Sale
1 / 7
$1,988,000
2393 Spring St, Redwood City, CA 94063
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1949
Total area
6,405 SF
Lot
0.3 ac (12,877 SF)
Zoning code
ML00M1
APN
054-081-080
UPID
US09-2005249
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
by Request
Owner & transaction history
Claudia Truesdell · 3 yrs held
Claudia Truesdell
since 2022
Last sale
$329,500
7 recorded transactions
Zoning & alternative use
ML00M1 · Redwood City, 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 Redwood City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redwood City 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
—
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
$33,311
Tax year 2024
Assessed value
$2,450,487
Assessed 2024
Previous assessed
$2,450,487
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$2,260,176
Assessed improvement
$190,311
Applied tax rate
73.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1949
Heating
NONE
Stories
2
Total area
6,405 SF
Lot
0.3 ac (12,877 SF)
Zoning code
ML00M1
APN
054-081-080
UPID
US09-2005249
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
ML00M1 · Redwood City, CA
Zoning ML00M1 · permitted uses
ML00M1 · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redwood City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1949
Heating
NONE
Stories
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
Claudia Truesdell
Individual
Mailing address
319 BERNARDO AVE, MOUNTAIN VIEW, CA 94043-5225
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2022
$329,500
Claudia Truesdell
Arthur H Evans JR
Grant Deed
—
Sep 26, 2022
$1,081,500
Claudia Truesdell
Arthur H Evans JR
Grant Deed
$665,000 · Working Dirt R2 LLC
Jun 3, 2021
$1,410,500
Arthur H Evans JR
Spark Factor Design INC
Grant Deed
—
Sep 13, 2018
—
Sparkfactor Design INC
—
Deed
related
$500,000 · Larry Forsblad
Apr 21, 2017
$1,830,000
Spark Factor Design INC
Ho Ji Young
Grant Deed
$925,000 · First Republic Bank
Aug 5, 2010
—
Gregory C O'donnell
Odonnell,elizabeth M
Quit Claim Deed
related
—
Aug 5, 2010
$840,000
Young H Ji
Odonnell,gregory C
Grant Deed
—
Mar 4, 2010
$775,000
Gregory C O'donnell
Standard Trust Deed Svc Co
Trustees Deed
related
—
Apr 9, 2008
—
Jae D Song
Vista Reverse-1 LLC
Grant Deed
—
Apr 9, 2008
$1,195,000
Alex Castillo
Song,jae D & Nam S
Grant Deed
$776,750 · Mcapital Funding LLC
May 23, 2007
—
Vista Reverse-1 LLC
Song,jae D & Nam S
Grant Deed
—
Jun 15, 2005
$1,000,000
Nam S Song
Selvaggio Antonio Trust
Grant Deed
$650,000 · Bayview Financial LP
Dec 7, 2004
—
Helga Escove
Selvaggio,antonio
Affidavit Of Death
related
—
Mar 5, 2001
—
Selvaggio Trust
Selvaggio,antonio
Quit Claim Deed
related
—
—
—
Sparkfactor Design INC
—
Deed Of Trust
related
$500,000 · Larry Forsblad
—
—
Nam S Song
—
Deed Of Trust
related
$500,000 · Wilshire State Bank
—
—
Castillo Alex Z Living Trust
—
Deed Of Trust
related
$300,000 · Joe & Sharon T Conn
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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