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Property profile & analytics
FOR SALE
Manufacturing properties
2566 Bay Rd Redwood City, CA 94063
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1343118
For Sale
1 / 2
$4,923,134
2566 Bay Rd, Redwood City, CA 94063
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Bauen Fund 2018 2566 LLC · 6 yrs held
Bauen Fund 2018 2566 LLC
since 2019
7 recorded transactions
Zoning & alternative use
ML00M1 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.3M
+68.0%
Commercial (general)
$3.6M
+43.9%
Auto repair, garage
$3.6M
+41.4%
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 Redwood City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redwood City 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,530,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,250,000
Change: +68% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,640,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,575,000
Change: +41% · Conversion: Easy
RETAIL STORES
$3,405,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,580,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$2.64M
Range $2.37M – $2.90M · ±10%
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
$335 / 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
$34,040
Tax year 2024
Assessed value
$2,973,240
Assessed 2024
Previous assessed
$2,973,240
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$2,570,066
Assessed improvement
$403,174
Applied tax rate
73.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1952
Heating
NONE
Stories
1
Total area
7,874 SF
Lot
0.36 ac (15,666 SF)
Zoning code
ML00M1
APN
054-083-020
UPID
US09-1343118
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
ML00M1 · Redwood City, CA
Zoning ML00M1 · permitted uses
ML00M1 · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redwood City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.6M
RETAIL STORES
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$2.6M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1952
Heating
NONE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Bauen Fund 2018 2566 LLC
Entity
Mailing address
15466 LOS GATOS BLVD #109133, LOS GATOS, CA 95032-2542
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2022
—
Bauen Fund 2018 2566 LLC
—
Deed
related
$1,750,000 · Western Alliance Bank
Dec 30, 2020
—
Bauen Fund 2018-2566 LLC
—
Deed
related
$25,000,000 · Western Alliance Bk
Aug 28, 2019
—
Bauen Fund 2018 2566 LLC
Bauen Fund 2018 LLC
Grant Deed
$25,000,000 · Western Alliance Bank
Nov 1, 2018
$2,700,000
Bauen Fund 2018 LLC
Carlomagno 2008 Family Trust
Grant Deed
—
May 6, 2015
—
Grace R Carlomagno
Carlomagno William M
Affidavit Of Death
related
—
Apr 18, 2008
—
Carlomagno 2008 Family Trust
Carlomagno,william M & Grace R
Quit Claim Deed
related
—
Sep 20, 1996
—
Carlomangno,william M & Grace R
L&c Associates
Trustees Deed
related
—
Sep 20, 1996
$175,000
Carlomangno,william M & Grace R
Engelbert,helen C
Trustees Deed
related
$190,000 · Elizabeth Catherine Troost Tte
—
—
Carlomagno 2008 Family Trust
—
Deed Of Trust
related
$400,000 · Delue R & R 1995 Trust (rt)
—
—
Carlomagno 2008 Family Trust
—
Deed Of Trust
related
$200,000 · Lone Oak Fund LLC
—
—
Bauen Fund 2018-2566 LLC
—
Loan Modification
related
$25,000,000 · Western Alliance Bk
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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