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Property profile & analytics
FOR SALE
Automotive properties
2431 Spring St, Redwood City, CA 94063
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2291813
For Sale
1 / 26
$8,999,500
2431 Spring St, Redwood City, CA 94063
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Property summary
AI-generated overview
This Redwood City property offers a significant investment opportunity. The 16,000-square-foot industrial complex, situated on one acre, includes two buildings with a total of three stories. Built in 1990, the Class B property features 16-foot ceilings, one loading dock, and ample parking. The zoning is C, allowing for diverse uses. The property includes 2 units, each priced at $5,475,000, with a price per square foot of $684.38. The main building boasts 13,500 square feet of space, ideal for warehousing or manufacturing, complemented by 2,500 square feet of shop space with eight service stalls. A 7,000-square-foot, securely fenced cement parking lot provides ample space. The three-story building also includes ADA-compliant bathrooms and office space. The concrete flooring is engineered to support heavy loads. This turnkey opportunity includes real estate, inventory, and fixtures, presenting a thriving business with substantial growth potential. Proof of funds and a non-disclosure agreement are required for showings.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1983
Total area
16,000 SF
Lot
0.32 ac (13,811 SF)
APN
054-082-130
UPID
US09-2291813
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
-
High Performance House Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$686k
Blend (final)
Blend
$550k
Owner & transaction history
Richard C Bontempi · 3 yrs held
Richard C Bontempi
since 2023
3 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
by Request
ML approach
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
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
$34 / 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
$12,718
Tax year 2024
Assessed value
$1,041,112
Assessed 2024
Previous assessed
$1,041,112
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$290,048
Assessed improvement
$751,064
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Sale
Year built
1983
Heating
NONE
Stories
3
Total area
16,000 SF
Lot
0.32 ac (13,811 SF)
APN
054-082-130
UPID
US09-2291813
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
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Stories
3
Lot
0.32 ac
Current owner
From public records · entity-resolved
Richard C Bontempi
Individual
Free & Clear · 3 yrs held
Mailing address
135 NORTHRIDGE LN, WOODSIDE, CA 94062-2334
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2023
—
Richard C Bontempi
Richard C Bontempi
Intrafamily Transfer
related
—
Jul 3, 1990
—
R. Bontempi
Bontempi,r.
Quit Claim Deed
related
$450,000 · Bay Area Bank
—
—
Richard Bontempi
—
Deed Of Trust
related
$134,000 · Bay Area Bank
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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