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2565 Middlefield Rd, Redwood City, CA 94063
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Property summary
AI-generated overview
This fee-simple industrial property, located at 2565-2569 Middlefield Rd, Redwood City, CA 94063, offers 10,400 square feet on a 15,778 square foot lot. The single-story, Class C building, constructed in 1960, features an 18-foot ceiling height and two grade-level doors. The property is zoned CG Redwood City and includes six parking spaces. Currently, one 5200 SF unit is vacant and the other 5200 SF unit is leased until January 31, 2028. The building has a total of 800 Amps of electrical service (400 Amps per unit; buyer to verify). This represents a compelling investment opportunity in a prime Redwood City location, with a list price of $3,900,000 ($375 per square foot). The property is a stand-alone building and is suitable for distribution, flex, or warehouse uses. The APN is 054-09-4370. This is a vacant possession opportunity with potential for immediate occupancy and/or rental income.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Total area
10,520 SF
Lot
0.36 ac (15,778 SF)
Zoning code
CH00CN
APN
054-094-370
UPID
US09-0788431
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bakery Specialty Food Shop
-
Loan Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.40M
Blend (final)
Blend
$3.39M
Owner & transaction history
since 2025
4 recorded transactions
Zoning & alternative use
CH00CN · Redwood City, CA
Top alternative use upside
Commercial (general)
$4.9M
+41.1%
Auto repair, garage
$4.8M
+38.7%
Retail stores
$4.6M
+32.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.39M
Value range
$3.05M – $3.72M
±10% around blend
Estimated value / SF
$322 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
Income certainty
100
$3.05M
blend $3.39M
$3.72M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,520 SF
Lot area
0.36 ac
Year built
1960
APN
054-094-370
Zoning
CH00CN
Assessed value
$1,883,540
Annual tax
$22,468
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$22,468
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.06M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.4 mi away · 8,592 SF
15.8 mi away · 11,000 SF
16.6 mi away · 12,106 SF
20.3 mi away · 8,686 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.39M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$328
-2%
Submarket 29 sales
$328
-2%
County 258 sales
$383
-16%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $322/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+41%
vs current-use indication
Auto Repair, Garage
Retail Stores
Warehouse, Storage · current use
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.38M
Move the market yield to see immediate price impact.
Value / SF
$322
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$213k
$4.26M
$3.04M
$2.37M
$237k
$4.74M
$3.38M
$2.63M
$261k
$5.21M
$3.72M
$2.89M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$5.00M
11.8 mi · Jan 2026 · $388/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$22,468
Tax year 2024
Assessed value
$1,883,540
Assessed 2024
Previous assessed
$1,883,540
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$941,770
Assessed improvement
$941,770
Applied tax rate
9.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1960
Heating
NONE
Total area
10,520 SF
Lot
0.36 ac (15,778 SF)
Zoning code
CH00CN
APN
054-094-370
UPID
US09-0788431
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CH00CN · Redwood City, CAZoning CH00CN · permitted uses
CH00CN · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Lot
0.36 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CH00CN
Jurisdiction
Redwood City, CA
Recorded code
CH00CN
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CH00CN in Redwood City, CA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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