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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Retail space
2397 Spg St Redwood City, CA 94063-3017
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-3798196
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Total area
2,210 SF
Lot
0.15 ac (6,379 SF)
APN
054-081-070
UPID
US09-3798196
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
-
Brenda's Liquor Grocery & Convenience Store
-
ATM Atm
-
Eco-Dumpster Waste Management Facility
-
JunkGeneral Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
$870k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Lourdes Valencia Jimenez · 5 yrs held
Lourdes Valencia Jimenez
since 2021
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+24.8%
Commercial (general)
$1.0M
+6.9%
Auto repair, garage
$1.0M
+5.1%
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
Method
Estimation
Statistic approach
$690,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
$940,000
6.5%
$870,000
7%
$805,000
Alternative Use
Use
Estimation
RETAIL STORES
$955,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,195,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,020,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,005,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Jul 20 2021)
Last sale anchor
$850k
Jul 20 2021
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
$385 / 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
$13,985
Tax year 2024
Assessed value
$1,157,215
Assessed 2024
Previous assessed
$1,157,215
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$800,834
Assessed improvement
$356,381
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
Off-Market
Year built
1946
Heating
NONE
Stories
1
Total area
2,210 SF
Lot
0.15 ac (6,379 SF)
APN
054-081-070
UPID
US09-3798196
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
RETAIL STORES Current
Est. value
$955,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1946
Heating
NONE
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Lourdes Valencia Jimenez
Individual
Mailing address
2397 SPG ST, REDWOOD CITY, CA 94063-3017
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Jul 20, 2021
$925,000
Lourdes Valencia Jimenez
Lourdes Valencia Jimenez
Grant Deed
related
$925,000 · E F Foley & Co INC
Aug 8, 2017
—
Lourdes Valencia-jimenez
—
Deed
related
$250,000 · Diversified Ln Svcs
Jun 11, 2015
—
Lourdes Valencia-jimenez
Valencia Lourdes
Quit Claim Deed
related
$100,000 · Woodward R N Living Trust (lt)
Sep 28, 2005
$850,000
Lourdes Valencia
Lopez,rosendo
Grant Deed
$510,000 · Interbay Funding LLC
Jun 5, 2003
—
Lupita Perez
Perez,mario
Quit Claim Deed
related
—
Jun 5, 2003
$540,000
Rosendo Lopez
Yang,in D & Eun H
Grant Deed
$600,000 · Nara Bank
Apr 3, 1990
$250,000
In Yang
Orr,l. Trustee
Grant Deed
$225,000 · Money Store California
—
—
Lourdes Valencia-jimenez
—
Deed Of Trust
related
$250,000 · Diversified Ln Svcs
—
—
In Yang
—
Deed Of Trust
related
$151,000 · World Savings & Loan
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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