Property profile

2566 Bay Rd Redwood City, CA 94063

OFF-MARKET
Manufacturing properties
Property ID
US09-1343118
7,874 SF 0.36 ac lot Built 1952
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The industrial property is located in Redwood City, California, and has a total building size of 9,866 square feet. Its roof is constructed with bow trusses and it features a renovated exterior facade with a glass line. The building is accessed by three roll-up doors sized 9 by 11 feet, two dock-high doors, and one grade-level door. The property includes a large gated yard suitable for parking, along with two restrooms. Site improvements include landscaping, stairs, and a concrete pad, and the building is equipped with 3-phase power.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1952
Total area 7,874 SF
Lot 0.36 ac (15,666 SF)
Zoning code ML00M1
APN 054-083-020
UPID US09-1343118

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2566 Bay Rd Redwood City, CA 94063-3014
Redwood City metro Census 610500 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.65M
Blend (final) Blend
$2.64M

Owner & transaction history

since 2019
7 recorded transactions
2022
Price N/A
2020
Price N/A
2019
Price N/A
2018
$2.7M
2015
Price N/A
2008
Price N/A
1996
Price N/A

Zoning & alternative use

ML00M1 · Redwood City, CA
Top alternative use upside
Neighborhood: shopping center $4.3M +68.0%
Commercial (general) $3.6M +43.9%
Auto repair, garage $3.6M +41.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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