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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2610 Bay Rd Redwood City, CA 94063-3501

    • Manufacturing properties
    • 9,847 SF
    • 0.41 lot acres
    OFF-MARKET
    Last Sale
    Aug 03, 2021
    $3,700,000
    Value Estimations
    $3,720,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0639970
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 2610 Bay Rd

    Year built
    1954
    Lot size
    0.41 lot acres
    Property size
    9,847 SF
    Zone code
    ML00M1
    Property type
    Manufacturing properties
    APN
    054-161-360
    APU
    54161360

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,000,000
      ML approach
      $3,625,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,570,000
      Market price range: $1.36M - $4.57M

    • 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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redwood City
    County
    San Mateo
    State
    California
    Longitude
    -122.208
    Latitude
    37.4839
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $44,335
    $3,121,200
    $728,280
    $3,849,480
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $575,000
      31,392 SF

      501 Galveston Dr

      FOOD PACKING, PACKING PLANT • 31,392 SF
      501 Galveston Dr, Redwood City, CA 94063
      View Details
    • Value Estimation by Request
      500 SF

      410 Maple St

      MANUFACTURING (LIGHT) • 500 SF
      410 Maple St, Redwood City, CA 94063-1918
      View Details
    • Value Estimation
      $5,165,000
      82,740 SF

      1089 Mls Way

      MANUFACTURING (LIGHT) • 82,740 SF
      1089 Mls Way, Redwood City, CA 94063-3119
      View Details
    • Value Estimation
      $11,145,000
      33,722 SF

      830 2nd Ave

      MANUFACTURING (LIGHT) • 33,722 SF
      830 2nd Ave, Redwood City, CA 94063-3904
      View Details
    • Value Estimation
      $1,045,000
      3,372 SF

      2700 Bay Rd

      MANUFACTURING (LIGHT) • 3,372 SF
      2700 Bay Rd, Redwood City, CA 94063-3502
      View Details
    • Value Estimation
      $1,145,000
      17,059 SF

      1445 Veterans Blvd, Unit 1455

      MANUFACTURING (LIGHT) • 17,059 SF
      1445 Veterans Blvd, Redwood City, CA 94063-2611
      View Details

    Similar Nearby for Sale

    • $5,426,300
      9,866 SF

      Redwood City Warehouse with Yard

      Industrial warehouse with gated yard and updated facade for sale.
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      Redwood City Warehouse For Sale

      Warehouse with fenced yard parking, available September 2025.
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      Redwood City Industrial Flex Building

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    Similar Nearby for Lease

    • $1,980,000
      3,600 SF

      Redwood City Flex/Industrial/Office Space

      Flex, industrial, and office spaces available for rent in Redwood City.
      741-745 Warrington Ave, Redwood City, CA 94063
      View Details
    • Contact for pricing
      4,485 SF

      Redwood City Flex Space Available

      Flex space featuring office and warehouse components with fenced yard.
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      View Details
    • Contact for pricing
      7,841 SF

      Redwood City Warehouse with Yard

      Warehouse with secured yard space available for lease.
      2466 Bay Rd, Redwood City, CA 94063
      View Details
    • Contact for pricing
      5,172 SF

      Industrial Space For Lease

      Industrial space featuring a grade level door and parking.
      2565 Middlefield Rd, Redwood City, CA 94063
      View Details
    • Contact for pricing
      7,500 SF

      Redwood City Industrial Building

      7,500 SF industrial building with secured yard for lease.
      1003 Arguello St, Redwood City, CA 94063
      View Details
    • Contact for pricing
      15,121 SF

      Redwood City Flex/Industrial/Office Space

      15,121 SF flex, industrial, and office space for lease.
      600-640 Galveston Dr, Redwood City, CA 94063
      View Details
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    Redwood City, CA 94063-3501
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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