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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Turn key restaurants
2640 Broadway St Redwood City, CA 94063-1533
Trust Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2292104
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1927
Total area
6,250 SF
Lot
0.11 ac (5,000 SF)
Zoning code
CL00CB
APN
052-321-110
UPID
US10-2292104
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
by Request
Blend (final)
Blend
$660k
Owner & transaction history
Koros Family Trust · 10 yrs held
Koros Family Trust
since 2015
7 recorded transactions
Zoning & alternative use
CL00CB · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$106 / 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
$37,973
Tax year 2024
Assessed value
$3,307,664
Assessed 2024
Previous assessed
$3,307,664
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,653,832
Assessed improvement
$1,653,832
Applied tax rate
9.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1927
Heating
NONE
Stories
1
Total area
6,250 SF
Lot
0.11 ac (5,000 SF)
Zoning code
CL00CB
APN
052-321-110
UPID
US10-2292104
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL00CB · Redwood City, CA
Zoning CL00CB · permitted uses
CL00CB · 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.
Building & site characteristics
From public records
Year built
1927
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Koros Family Trust
Trust
Free & Clear · 10 yrs held
Mailing address
390 EVERETT PL, DANVILLE, CA 94526-4223
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2015
$2,850,000
Koros Family Trust
San Tei Co
Grant Deed
—
May 5, 2005
$2,050,000
San Tei Co
Cheng,cecil
Grant Deed
—
Aug 16, 2002
$1,825,000
Cecil Cheng
2644 Broadway Associates LLC
Grant Deed
$1,274,000 · Cathay Bank
Jun 20, 2000
$70,000
2644 Broadway Associates LLC
Hayes,kenneth D & Kathleen E
Grant Deed
$1,050,000 · Liberty Bank
Dec 15, 1999
$825,000
Kenneth D Hayes
Hulse Trust
Grant Deed
$750,000 · Cupertino National Bank
Mar 12, 1993
—
S,dee Hulse Trust
Hulse,selwyn D
Quit Claim Deed
related
—
Jul 3, 1991
—
S. Hulse
Hulse,s.
Quit Claim Deed
related
$225,000 · Bay Area 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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