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Property profile & analytics
OFF-MARKET
Retail space
2400 Broadway St Ste 130 Redwood City, CA 94063-1588
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1335941
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1906
Total area
10,613 SF
Lot
0.32 ac (13,780 SF)
Zoning code
CB0000
APN
052-374-090
UPID
US09-1335941
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
Bmp Broadway Main LLC · 4 yrs held
Bmp Broadway Main LLC
since 2022
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
CB0000 · 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
$140,495
Tax year 2024
Assessed value
$12,484,800
Assessed 2024
Previous assessed
$12,484,800
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$8,604,108
Assessed improvement
$3,880,692
Applied tax rate
9.0000
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
1906
Heating
NONE
Stories
1
Total area
10,613 SF
Lot
0.32 ac (13,780 SF)
Zoning code
CB0000
APN
052-374-090
UPID
US09-1335941
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CB0000 · Redwood City, CA
Zoning CB0000 · permitted uses
CB0000 · 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
1906
Heating
NONE
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Bmp Broadway Main LLC
Entity
Mailing address
2400 BROADWAY ST STE #130, REDWOOD CITY, CA 94063-1588
Mailing matches property
Yes
Owner-occupied
Yes
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
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
—
Bmp Broadway Main LLC
—
Deed
related
$7,500,000 · The Northern Trust Co
Jun 1, 2022
$12,000,000
Bmp Broadway Main LLC
Mahmut Otus
Grant Deed
—
Apr 4, 2022
—
Mahmut Otus
Bereket LLC
Intrafamily Transfer
related
—
Oct 14, 2021
—
Bereket LLC
—
Deed
related
$4,000,000 · Ctbc Bank Corp USA
Jan 7, 2021
—
Bereket LLC
—
Deed Of Trust
related
$3,500,000 · Rubicon Mortgage Fund LLC Rubicon Mortgage Fund LLC
Jan 3, 2019
—
Bereket LLC
—
Deed
related
$2,900,000 · Jpmorgan Chase Bank NA
Dec 20, 2016
—
Bereket LLC
—
Deed
related
$2,400,000 · Jpmorgan Chase Bank NA
Dec 2, 2011
—
Bereket LLC
Mahmut Otus
Grant Deed
$1,600,000 · Jpmorgan Chase Bank NA
Sep 3, 2008
$773,000
Otus Mahmut Living Trust
Otus Mahmut Living Trust
Grant Deed
related
—
Apr 23, 2008
—
Otus Mahmut Living Trust
Bereket LLC
Grant Deed
—
Dec 29, 2005
—
Bereket LLC
Otus Mahmut Trust
Grant Deed
—
Aug 10, 2005
$97,000
Otus Rifat R & R Family Trust
Otus Mahmut Trust
Grant Deed
related
—
Jun 3, 2005
$96,000
Otus Mahmut Trust
Otus,kerim & Jeanette
Grant Deed
related
—
Jan 8, 2004
—
Otus,tr
Otus,tr
Quit Claim Deed
related
$1,525,000 · Citibank West Fsb
Aug 21, 2002
—
Otus,tr
Otus,rifat R & Reshide
Quit Claim Deed
related
—
Jun 24, 2002
—
Otus Trust
Otus,rifat R & Reshide
Quit Claim Deed
related
—
Aug 19, 1999
—
Otus Trust
Otus Trust
Quit Claim Deed
related
—
Jul 13, 1999
$229,627
Otus Trust
Kilki,edhem & Fevziye
Grant Deed
related
—
Dec 31, 1998
$378,500
Otus Trust
Otus Trust
Grant Deed
related
—
Dec 31, 1996
—
Otus Trust
Otus,talip & Ece S
Quit Claim Deed
related
$900,000 · Polam FCU
Oct 3, 1995
$74,000
Talip Otus
Sezgen,sofia
Grant Deed
—
Dec 29, 1994
$19,000
Talip Otus
Sezgen,esat & Sofia
Grant Deed
—
Apr 26, 1994
—
Talip Otus
Keeve,norman L &
Grant Deed
$200,000 · Individual
Dec 13, 1993
$135,000
Otus,talip&ece
Keeve,n./keeve,j
Trustees Deed
—
Dec 13, 1993
$19,000
Otus,mahmut
Sezgen,e.&s.
Trustees Deed
—
Jul 2, 1990
$65,000
Mahmut Otus
Eatinger,a.&l.
Grant Deed
—
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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