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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Warehouses
2541 Grant Ave, San Lorenzo, CA 94580-1809
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8051887
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1964
Construction
WOOD
Total area
2,190 SF
Lot
0.3 ac (13,063 SF)
APN
438-10-7-7
UPID
US09-8051887
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
$905k
CAP Approach
CAP
$515k
Comparable Approach
Comparable
$648k
Blend (final)
Blend
$800k
Owner & transaction history
Ken Jin Cong Chen · 5 yrs held
Ken Jin Cong Chen
since 2020
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$930,000
+112.0%
Medical building
$865,000
+97.3%
Office building
$745,000
+69.2%
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 Lorenzo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Lorenzo 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
$845,000
ML approach
$905,000
CAP Approach
CAP Return
Estimation
6%
$555,000
6.5%
$515,000
7%
$475,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$930,000
Change: +112% · Conversion: Moderate
MEDICAL BUILDING
$865,000
Change: +97% · Conversion: Difficult
OFFICE BUILDING
$745,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$705,000
Change: +61% · Conversion: Easy
RETAIL STORES
$620,000
Change: +42% · Conversion: Moderate
COMMERCIAL (GENERAL)
$615,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Sep 22 2020)
Last sale anchor
$800k
Sep 22 2020
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
$365 / 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
$10,639
Tax year 2024
Assessed value
$848,960
Assessed 2024
Previous assessed
$848,960
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$413,868
Assessed improvement
$435,092
Applied tax rate
80.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1964
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
2,190 SF
Lot
0.3 ac (13,063 SF)
APN
438-10-7-7
UPID
US09-8051887
Jurisdiction
ALAMEDA
Metro division
OAKLAND-FREMONT-HAYWARD, 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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$930,000
MEDICAL BUILDING
Est. value
$865,000
OFFICE BUILDING
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$705,000
RETAIL STORES
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Ken Jin Cong Chen
Individual
Mailing address
355 ORIENTE ST, DALY CITY, CA 94014-1534
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2020
$800,000
Ken Jin Cong Chen
Xun Sun
Grant Deed
$520,000 · Preferred Bank
Sep 22, 2020
—
Ken J C Chen
Zhen Z Liu
Quit Claim Deed
related
—
Jun 18, 2020
—
Xun Sun
Luxmin LLC
Quit Claim Deed
related
—
Mar 18, 2016
$350,000
Luxmin LLC
Han,wei
Grant Deed
—
May 23, 2012
—
Wei Han
Widjaja,grace
Quit Claim Deed
related
—
May 23, 2012
$148,000
Wei Han
Bank Of The Orient
Grant Deed
—
May 10, 2011
$325,590
Bank Of The Orient
Mortgage Lender Svcs INC
Trustees Deed
related
—
Mar 18, 2011
—
Olga Larois
Medrano,luisa & Jose
Grant Deed
—
Oct 31, 2006
—
Jose Medrano
Owner Name Unavailable
Grant Deed
related
$350,000 · Bank Of The Orient
Sep 11, 2001
—
Mei L Seaman
Seaman,ronald & Mei L
Quit Claim Deed
related
—
Sep 11, 2001
$235,000
Luisa Medrano
Seamen,mei L
Grant Deed
$215,000 · Mei L
Jul 21, 1975
—
Ronald Seaman
—
Grant 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.
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