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Property profile & analytics
FOR LEASE
Manufacturing properties
2466 Bay Rd, Redwood City, CA 94063
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0563065
For Lease
1 / 2
$1.50 SF/Yr
2466 Bay Rd, Redwood City, CA 94063
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1956
Total area
10,263 SF
Lot
0.28 ac (12,370 SF)
Zoning code
M10000
APN
054-082-030
UPID
US09-0563065
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
-
Frank Denny Plumbing Inc Plumbing Service General Contractor
-
Kars 4 Kids Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.39M
Owner & transaction history
Kaynyne Comer LLC · 4 yrs held
Kaynyne Comer LLC
since 2022
Last sale
$3.4M
5 recorded transactions
Zoning & alternative use
M10000 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.5M
+68.0%
Commercial (general)
$4.7M
+43.9%
Auto repair, garage
$4.7M
+41.4%
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
$2,875,000
ML approach
$2,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,295,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,540,000
Change: +68% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,745,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,660,000
Change: +41% · Conversion: Easy
RETAIL STORES
$4,440,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,365,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$3.39M
Range $3.05M – $3.73M · ±10% · vs last sale $3.35M (Jan 7 2022)
Last sale anchor
$3.35M
Jan 7 2022
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
$330 / 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
$39,689
Tax year 2024
Assessed value
$3,485,339
Assessed 2024
Previous assessed
$3,485,339
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$2,872,544
Assessed improvement
$612,795
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1956
Heating
NONE
Total area
10,263 SF
Lot
0.28 ac (12,370 SF)
Zoning code
M10000
APN
054-082-030
UPID
US09-0563065
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M10000 · Redwood City, CA
Zoning M10000 · permitted uses
M10000 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.7M
RETAIL STORES
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$3.4M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1956
Heating
NONE
Lot
0.28 ac
Current owner
From public records · entity-resolved
Kaynyne Comer LLC
Entity
Free & Clear · 4 yrs held
Mailing address
15466 LOS GATOS BLVD #109133, LOS GATOS, CA 95032-2542
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2022
$3,350,000
Kaynyne Comer LLC
Frank Denny Plumbing INC
Grant Deed
—
Apr 24, 2012
$375,000
Frank Denny Plumbing INC
Denny Jean M Trust
Grant Deed
$375,000 · Bank Of The West
Apr 24, 2012
—
Scott R Denny
Denny,jean M
Affidavit Of Death
related
—
Sep 12, 2002
$1,200,000
Denny,tr
Lobree,tr
Grant Deed
$400,000 · Lobree Trust
Apr 21, 1997
—
Loeffler Trust
Loeffler,erich W & Gertrude
Quit Claim Deed
related
—
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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