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Financial
Distress signals
Property profile

2575 Flores St San Mateo, CA 94403

FOR LEASE
Office buildings
Property ID
US10-3067384
6,690 SF 0.15 ac lot Built 1962
Last sale Nov 2018 · $2,841,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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2575 Flores St, San Mateo, CA 94403 For Lease
$12,000/Mo 3,847 SF available
2575 Flores St, San Mateo, CA 94403
View Listing

Property summary

AI-generated overview

The property is a commercial real estate space configured as office use, offering 3,847 square feet. It is located on Flores Street in San Mateo, California.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$40k
Tax billed · 2024
Assessed value$3.43M
Assessed land$1.40M
Assessed improvement$2.03M
Effective rate1.17%

Value estimate

· Oct 2026
$1.87M
$1.68M – $2.05M
CAP approach$2.14M
NOI build-up
Gross scheduled income$129k
Vacancy & credit loss−$30k
Operating expenses−$25k
NOI · 622.87% cap applied$75k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$652/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$338 – $900

Cap rate analysis

How does the asset earn?
622.87%
$75k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C10001
JurisdictionSAN MATEO

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store9.5
Locksmith9.3
Food Market9.0

Location

2575 Flores St San Mateo, CA 94403
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1919 Ofarrell, San Mateo, CA 94403-1384 $3,000,000 Mar 2025 3,798 SF
100 25th, San Mateo, CA 94403-2208 $1,300,000 Jul 2023 2,250 SF
2720 Edison, San Mateo, CA 94403-2458 $1,750,000 Jun 2023 1,597 SF
3080 La Selva, San Mateo, CA 94403-2109 $6,230,000 Mar 2022 16,760 SF
2929 Campus, San Mateo, CA 94403-2518 $119,700,000 Jun 2021 94,180 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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