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Property profile & analytics
OFF-MARKET
Estimated value
$3,720,000
Manufacturing properties
2610 Bay Rd, Redwood City, CA 94063-3501
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0639970
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1954
Total area
9,847 SF
Lot
0.41 ac (17,656 SF)
Zoning code
ML00M1
APN
054-161-360
UPID
US09-0639970
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
$3.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.57M
Blend (final)
Blend
$3.72M
Owner & transaction history
2610 Bay Road LLC · 4 yrs held
2610 Bay Road LLC
since 2021
Last sale
$3.7M
4 recorded transactions
Zoning & alternative use
ML00M1 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.3M
+68.0%
Commercial (general)
$4.6M
+43.9%
Auto repair, garage
$4.5M
+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
$3,000,000
ML approach
$3,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,165,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,315,000
Change: +68% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,550,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,475,000
Change: +41% · Conversion: Easy
RETAIL STORES
$4,260,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,225,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$3.72M
Range $3.35M – $4.09M · ±10% · vs last sale $3.70M (Aug 3 2021)
Last sale anchor
$3.70M
Aug 3 2021
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
$378 / 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
$44,335
Tax year 2024
Assessed value
$3,849,480
Assessed 2024
Previous assessed
$3,849,480
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$3,121,200
Assessed improvement
$728,280
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
Off-Market
Year built
1954
Heating
NONE
Total area
9,847 SF
Lot
0.41 ac (17,656 SF)
Zoning code
ML00M1
APN
054-161-360
UPID
US09-0639970
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
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RETAIL STORES
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$3.2M
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
1954
Heating
NONE
Lot
0.41 ac
Current owner
From public records · entity-resolved
2610 Bay Road LLC
Entity
Mailing address
230 CALIFORNIA AVE STE #212, PALO ALTO, CA 94306-1637
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2021
$3,700,000
2610 Bay Road LLC
Christopher D Newell
Grant Deed
$2,500,000 · Western Adventist Foundation
Jan 13, 2000
$850,000
Christopher D Newell
Mewes Trust
Grant Deed
$599,500 · Seller
Oct 28, 1994
—
Mewes Trust
Mewes,charles F
Quit Claim Deed
related
—
—
—
Christopher D Newell
—
Deed Of Trust
related
$545,000 · Wells Fargo Bank
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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