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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Retail space
25 Hillcrest Blvd 29 Millbrae, CA 94030-2637
Individually Owned
5-yr Hold
Free & Clear
Property ID
US09-1410831
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1939
Total area
4,680 SF
Lot
0.24 ac (10,390 SF)
Zoning code
CL00C1
APN
024-151-200
UPID
US09-1410831
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
-
Bacchus W&S and WINE BAR by Quinton Jay Specialty Food Shop Wine and Liquor Store
-
Pape Meat Co Take-out & Catering Butcher
-
Bay Cities Quality Foods Butcher Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.24M
Owner & transaction history
Lawrence R Pape · 5 yrs held
Lawrence R Pape
since 2021
6 recorded transactions
Zoning & alternative use
CL00C1 · Millbrae, 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 Millbrae submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millbrae 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
$264 / 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
$23,113
Tax year 2024
Assessed value
$1,558,208
Assessed 2024
Previous assessed
$1,558,208
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$1,340,766
Assessed improvement
$217,442
Applied tax rate
14.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1939
Heating
NONE
Stories
1
Total area
4,680 SF
Lot
0.24 ac (10,390 SF)
Zoning code
CL00C1
APN
024-151-200
UPID
US09-1410831
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL00C1 · Millbrae, CA
Zoning CL00C1 · permitted uses
CL00C1 · Millbrae, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millbrae. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1939
Heating
NONE
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Lawrence R Pape
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 370212, MONTARA, CA 94037-0212
Ownership since
2021
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
Mar 24, 2021
—
Lawrence R Pape
Lawrence R Pape
Intrafamily Transfer
related
—
May 1, 2009
$175,000
Lawrence R Pape
Pape,lawrence R
Grant Deed
related
—
Dec 2, 2008
$175,000
Lawrence R Pape
Pape,lawrence R
Grant Deed
related
—
Mar 12, 2008
—
Lawrence R Pape
Lawrence R Pape
Intrafamily Transfer
related
$250,000 · Peninsula Bank Of Commerce
Oct 26, 2004
—
Lawrence R Pape
Pape Trust
Quit Claim Deed
related
—
Jul 11, 2003
—
Stanaway,tr
Stanaway,donald F
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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