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Property profile & analytics
OFF-MARKET
Estimated value
$7,000,000
Office buildings
2555 Flores St San Mateo, CA 94403-2342
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1216538
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1963
Total area
25,000 SF
Lot
0.54 ac (23,608 SF)
Zoning code
C10002
APN
039-371-420
UPID
US09-1216538
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
-
Selfycart HQ Corporate Office
-
Covered California Certified Agent Insurance Agency
-
Kislingburys Cleanout General Contractor Waste Management Facility
-
Potential Physical Therapy Medical Clinic
-
Canna Chung Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.00M
CAP Approach
CAP
$7.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.00M
Owner & transaction history
Sm Flores LLC · 1 yrs held
Sm Flores LLC
since 2024
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
C10002 · San Mateo, 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 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
Method
Estimation
Statistic approach
$7,000,000
ML approach
$7,000,000
CAP Approach
CAP Return
Estimation
6%
$8,635,000
6.5%
$7,970,000
7%
$7,400,000
Blend value · Realmo final
$7.00M
Range $6.30M – $7.70M · ±10% · vs last sale $7.00M (Oct 9 2024)
Last sale anchor
$7.00M
Oct 9 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
$280 / 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
$86,067
Tax year 2024
Assessed value
$7,436,789
Assessed 2024
Previous assessed
$7,436,789
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$4,593,311
Assessed improvement
$2,843,478
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1963
Heating
NONE
Stories
5
Total area
25,000 SF
Lot
0.54 ac (23,608 SF)
Zoning code
C10002
APN
039-371-420
UPID
US09-1216538
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C10002 · San Mateo, CAZoning C10002 · permitted uses
C10002 · San Mateo, CA
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
1963
Heating
NONE
Stories
5
Lot
0.54 ac
Current owner
From public records · entity-resolved
Sm Flores LLC
Entity
Free & Clear · 1 yrs held
Mailing address
83 SANTIAGO AVE, ATHERTON, CA 94027-5412
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2024
$7,000,000
Sm Flores LLC
Manoutchehr Movassate
Grant Deed
—
Nov 13, 2020
—
Manoutchehr Movassate
—
Deed
related
$2,100,000 · Jpmorgan Chase Bank NA
Oct 16, 2018
—
Manoutchehr Movassate
—
Deed
related
$1,995,000 · Jpmorgan Chase Bank NA
Aug 1, 2018
$6,800,000
Movassate Family Trust
Conway J & A M Trust
Grant Deed
—
Mar 15, 2017
—
Conway,john & Matilda Trust
Conway John & M Trust
Quit Claim Deed
related
—
Mar 7, 2017
—
Michael A Conway
Conway,john J
Affidavit Of Death
related
—
Feb 18, 2004
—
Conway,tr
Conway,john J & Matilda M
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.
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