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Property profile & analytics
OFF-MARKET
Estimated value
$4,270,000
Office buildings
247 San Mateo Dr San Mateo, CA 94401-2608
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0563041
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Lot
0.2 ac (8,522 SF)
Zoning code
EA00E2
APN
032-197-060
UPID
US09-0563041
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
-
Charles M Spitz DDS Dental Office
-
Spitz & Davis Pediatric Dentistry Dental Office
-
Tyler W Davis DMD Dental Office
-
Quadros & Johnson LLP Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.27M
Owner & transaction history
Spitz D D S And Davis D M Dinc · 3 yrs held
Spitz D D S And Davis D M Dinc
since 2022
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
EA00E2 · San Mateo, 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 San Mateo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Mateo 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
$4,300,000
ML approach
$4,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.27M
Range $3.84M – $4.70M · ±10% · vs last sale $4.13M (May 28 2021)
Last sale anchor
$4.13M
May 28 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
—
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
$50,770
Tax year 2024
Assessed value
$4,377,481
Assessed 2024
Previous assessed
$4,377,481
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$3,255,785
Assessed improvement
$1,121,696
Applied tax rate
12.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1987
Heating
NONE
Stories
2
Lot
0.2 ac (8,522 SF)
Zoning code
EA00E2
APN
032-197-060
UPID
US09-0563041
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
EA00E2 · San Mateo, CA
Zoning EA00E2 · permitted uses
EA00E2 · San Mateo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Mateo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Stories
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Spitz D D S And Davis D M Dinc
Individual
Mailing address
2135 GERI LN, HILLSBOROUGH, CA 94010-6323
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2022
—
Spitz D D S And Davis D M Dinc
Bugglesworth LLC
Lease
$2,033,000 · Capital Access Group LLC
May 28, 2021
$4,125,000
Bugglesworth LLC
Loft 2047 LLC
Grant Deed
$2,825,000 · Mufg Union Bank NA
Aug 23, 2018
—
Lft 247 LLC
Joerg A Rohde
Grant Deed
$2,000,000 · Boston Private Bank & Trust Company
Jun 15, 2012
$1,393,000
Joerg A Rohde
Quadros & Johnson LLP
Grant Deed
$950,000 · Borel Private Bank & Trust Co
Aug 31, 1999
$1,215,000
Quadros LLP
Kleiman,steven M & Kathie
Grant Deed
$700,000 · Bank Of Los Altos
—
—
Steven M Kleiman
—
Deed Of Trust
related
$620,000 · Wells Fargo Bank
—
—
Quadros
—
Deed Of Trust
related
$1,168,500 · Private Bank Of The Peninsula
—
—
Steven M Kleiman
—
Deed Of Trust
related
$600,000 · Impac Commercial Capital Corp
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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