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Property profile & analytics
OFF-MARKET
Estimated value
$7,545,000
Warehouses
2470 Pulgas Ave, East Palo Alto, CA 94303-1321
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US10-2171418
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1962
Total area
34,148 SF
Lot
1.53 ac (66,509 SF)
APN
063-240-460
UPID
US10-2171418
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
$7.55M
Owner & transaction history
Menlo Pk Fire Protection Distr · 8 yrs held
Menlo Pk Fire Protection Distr
since 2017
7 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 East Palo Alto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Palo Alto 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
$221 / 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
$1,441
Tax year 2024
Applied tax rate
21.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1962
Heating
NONE
Stories
1
Total area
34,148 SF
Lot
1.53 ac (66,509 SF)
APN
063-240-460
UPID
US10-2171418
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
1962
Heating
NONE
Stories
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
Menlo Pk Fire Protection Distr
Individual
Mailing address
170 MIDDLEFIELD RD, MENLO PARK, CA 94025-3505
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2017
$5,000,000
Menlo Pk Fire Protection Distr
Menlo Land & Capital Vi LLC
Grant Deed
—
Mar 28, 2014
$1,350,000
Menlo Land & Capital Vi LLC
2470 Pulgas Investors LLC
Grant Deed
$800,000 · East West Bank
Mar 29, 2013
$1,200,000
2470 Pulgas Investors LLC
Mortgage Lender Svcs INC
Trustees Deed
related
—
Oct 10, 2006
$110,000
Ravenswood Investment LLC
Chang,jewel H
Grant Deed
—
Sep 18, 2006
—
Dkb Homes LLC
Ravenswood Investment LLC
Grant Deed
related
—
Jul 10, 2006
$5,000
Jewel H Chang
Weeks,charles JR
Quit Claim Deed
related
—
Jan 7, 2005
$70,000
Jewel H Chang
Bains,dante SR & Patricia A
Grant Deed
—
—
—
Ravenswood Investments LLC
—
Deed Of Trust
related
$250,000 · Thomson William B & R U (te)
—
—
Ravenswood Investment LLC
—
Deed Of Trust
related
$1,888,000 · Bank Of The Orient
—
—
Menlo Land & Capital Vi LLC
—
Deed Of Trust
related
$1,000,000 · Bank Of The Orient
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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