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    Property profile & analytics

    2416 Palmetto Ave Pacifica, CA 94044-2777

    • Apartment buildings
    • 3,414 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1861191
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2416 Palmetto Ave

    Year built
    1966
    Lot size
    0.08 lot acres
    Property size
    3,414 SF
    Property type
    Apartment buildings
    APN
    016-315-360
    APU
    16315360

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $370,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $277,000
      Market price range: $99.7k - $277k

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

    Location Insight

    • Map
    • Local Demand
    City
    Pacifica
    County
    San Mateo
    State
    California
    Longitude
    -122.493
    Latitude
    37.6302
    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
    $16,752
    $597,975
    $597,975
    $1,195,950
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $350,000
      0.50 Acres

      541 Monterey Rd

      APARTMENT HOUSE (5+ UNITS) • 0.50 Acres
      541 Monterey Rd, Pacifica, CA 94044-2081
      View Details
    • Value Estimation
      $560,000
      9,944 SF

      1336 Adobe Dr

      APARTMENT HOUSE (5+ UNITS) • 9,944 SF
      1336 Adobe Dr, Pacifica, CA 94044-4104
      View Details
    • Value Estimation
      $335,000
      5,102 SF

      445 Esplanade Ave

      APARTMENT HOUSE (5+ UNITS) • 5,102 SF
      445 Esplanade Ave, Pacifica, CA 94044-1852
      View Details
    • Value Estimation
      $610,000
      9,462 SF

      1384 Adobe Dr

      APARTMENT HOUSE (5+ UNITS) • 9,462 SF
      1384 Adobe Dr, Pacifica, CA 94044-4162
      View Details
    • Value Estimation
      $445,000
      6,682 SF

      2317 Bch Blvd

      APARTMENT HOUSE (5+ UNITS) • 6,682 SF
      2317 Bch Blvd, Pacifica, CA 94044-2799
      View Details
    • Value Estimation
      $390,000
      6,088 SF

      95 Clarendon Rd

      APARTMENT HOUSE (5+ UNITS) • 6,088 SF
      95 Clarendon Rd, Pacifica, CA 94044-8005
      View Details

    Similar Nearby for Sale

    • $2,100,000
      5,137 SF

      Five-Unit Apartment Building in Pacifica

      Well-maintained five-unit apartment building in Pacifica's desirable Sharp Park district.
      160 Clarendon Rd, Pacifica, CA 94044
      View Details
    • $2,100,000
      5,137 SF

      Pacifica Multifamily Investment Opportunity

      Five-unit apartment building in Pacifica's Sharp Park district.
      Clarendon Rd, Pacifica, CA 94044
      View Details
    • $9,999,999
      3.05 Acres

      Pacifica Coast Hwy Development

      3-Acre Coastal Development Opportunity
      2251 Pacific Coast Hwy, Pacifica, CA 94044
      View Details
    • $27,500,000
      62.45 Acres

      Pacifica Coastal Land - 62 Acres

      Prime Pacifica acreage, ocean views, development potential.
      0 Manor Dr, Pacifica, CA 94044
      View Details
    • $1,098,888
      1,500 SF

      Coastal Live-Work Opportunity in Pacifica

      Live/work property with established restaurant, remodeled apartment, and coastal views.
      1715 Palmetto Ave, Pacifica, CA 94044
      View Details
    • Contact for pricing
      0.06 Acres

      Secluded Residential Land in Linda Mar

      Private parcel in prime Linda Mar location, Pacifica, CA.
      Balboa Way, Pacifica, CA 94044
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,520 SF

      Retail/Office Shopping Center Space

      Multi-tenant retail/office shopping center with high walk score.
      707-743 Hickey Blvd, Pacifica, CA 94044
      View Details
    • Contact for pricing
      1,200 SF

      Retail/Office Shopping Center Space

      Multi-tenant retail/office shopping center with high walk score.
      745-777 Hickey Blvd, Pacifica, CA 94044
      View Details
    • $3 SF/Yr
      1,960 SF

      Pacifica Office Space For Rent

      Newly constructed office space near Pacific Ocean and popular restaurants.
      535 Nick Gust Way, Pacifica, CA 94044
      View Details
    • $3,500 /Mo
      2,300 SF

      Pacifica Commercial Space Available

      Office and retail space for rent in Pacifica, CA.
      Danmann Ave, Pacifica, CA 94044
      View Details
    • $3,500 /Mo
      2,300 SF

      Commercial Space in PACIFICA, CA

      Retail space available for lease in PACIFICA, CA.
      1200 Danmann Ave, Pacifica, CA 94044
      View Details
    • $2,532 /Mo
      17,500 SF

      Commercial Space in Pacifica, CA

      Office or retail space in updated business complex near Rockaway Beach.
      205 Rockaway, Pacifica, CA 94044
      View Details
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    2416 Palmetto Ave
    Pacifica, CA 94044-2777
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    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
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