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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Gas stations
248 Airport Blvd South San Francisco, CA 94080-6701
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1879424
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Total area
677 SF
Lot
0.55 ac (23,825 SF)
Zoning code
MH0M2H
APN
015-122-070
UPID
US09-1879424
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
-
TrueZero Gas Station
-
TrueZero - Hydrogen Fuel Station Gas Station
-
Shell Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.50M
Owner & transaction history
Ratib Norzei · 2 yrs held
Ratib Norzei
since 2024
Last sale
$3.5M
6 recorded transactions
Zoning & alternative use
MH0M2H · South San Francisco, 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 South San Francisco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South San Francisco 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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (May 2 2024)
Last sale anchor
$3.50M
May 2 2024
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
$5,170 / 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
$64,917
Tax year 2024
Assessed value
$3,879,071
Assessed 2024
Previous assessed
$3,879,071
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$3,225,240
Assessed improvement
$653,831
Applied tax rate
13.0000
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Heating
NONE
Total area
677 SF
Lot
0.55 ac (23,825 SF)
Zoning code
MH0M2H
APN
015-122-070
UPID
US09-1879424
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
MH0M2H · South San Francisco, CA
Zoning MH0M2H · permitted uses
MH0M2H · South San Francisco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South San Francisco. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.55 ac
Current owner
From public records · entity-resolved
Ratib Norzei
Individual
Free & Clear · 2 yrs held
Mailing address
1982 VINEHILL CIR, FREMONT, CA 94539-6006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2024
—
Ratib Norzei
Ratib Norzei
Intrafamily Transfer
related
—
Aug 4, 2023
—
Mohammad Hamid Alzghoul
—
Deed
related
$3,315,000 · State Bank Of India
Jan 14, 2022
$3,500,000
Mohammad Hamid Alzghoul
Hamptons Service INC
Grant Deed
$5,160,000 · First Credit Bank
Jan 14, 2022
—
Ralib Norzel
Shomisa N Norzel
Intrafamily Transfer
related
$3,000,000 · Southern Counties Oil Co
Jun 12, 2013
$1,170,000
Hamptons Service INC
Equilon Ents LLC
Grant Deed
$910,000 · Bbu Bank
—
—
Hamptons Service INC
—
Deed Of Trust
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.
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