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Property profile & analytics
OFF-MARKET
Theaters & concert halls
2495 Delaware St San Mateo, CA 94403-1902
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US09-2033882
Property summary
AI-generated overview
This exceptional 23,000 square foot industrial warehouse, situated on a generous 2.5-acre lot in San Mateo, California, presents a significant opportunity for businesses seeking ample space and strategic location. The property boasts a 16-foot ceiling height, providing generous vertical clearance for storage and operations. The warehouse features one drive-in door for convenient loading and unloading. Currently, the entire 23,000 square feet is available for lease, making it perfect for a single large tenant or multiple smaller businesses. The property is located at 2495 S Delaware St, San Mateo, CA 94403, conveniently situated near Saratoga Dr in San Mateo County. Its classification as both industrial and commercial land makes it versatile for a wide range of uses. The expansive lot size offers significant potential for future expansion or outdoor storage. This is a rare opportunity to secure a substantial warehouse space in a prime San Mateo location. The property is ready for immediate occupancy. Contact us today to learn more about leasing options.
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Lot
47.77 ac (2,080,883 SF)
APN
040-030-220
UPID
US09-2033882
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
-
San Mateo County Fair Music Venue
-
Cypress Hall Hotel & Motel Resort
-
relish SF (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Jockey Club of San Mateo Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bay Meadows Main Track Invtrs · 16 yrs held
Bay Meadows Main Track Invtrs
since 2010
1 recorded transaction
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$60,823
Tax year 2024
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Heating
NONE
Lot
47.77 ac (2,080,883 SF)
APN
040-030-220
UPID
US09-2033882
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
Heating
NONE
Lot
47.77 ac
Current owner
From public records · entity-resolved
Bay Meadows Main Track Invtrs
Individual
Mailing address
455 COUNTY CTR FL CENTER-5TH, REDWOOD CITY, CA 94063-9700
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2010
—
Bay Meadows Main Track Invtrs
—
Deed Of Trust
related
$50,000,000 · Bank Of America
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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