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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Turn key restaurants
2651 El Camino Real Redwood City, CA 94061-3860
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2138535
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1946
Total area
3,360 SF
Lot
0.13 ac (5,871 SF)
Zoning code
CH00C2
APN
054-267-160
UPID
US09-2138535
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
$1.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$1.90M
Owner & transaction history
John Dornik · 5 yrs held
John Dornik
since 2021
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
CH00C2 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+0.8%
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
$1,580,000
ML approach
$1,805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,270,000
Current use
OFFICE BUILDING
$2,290,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±10% · vs last sale $1.95M (Feb 17 2021)
Last sale anchor
$1.95M
Feb 17 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
$564 / 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
$24,051
Tax year 2024
Assessed value
$2,069,355
Assessed 2024
Previous assessed
$2,069,355
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,623,648
Assessed improvement
$445,707
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
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
1946
Heating
NONE
Stories
1
Total area
3,360 SF
Lot
0.13 ac (5,871 SF)
Zoning code
CH00C2
APN
054-267-160
UPID
US09-2138535
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CH00C2 · Redwood City, CA
Zoning CH00C2 · permitted uses
CH00C2 · 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
RESTAURANT Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.3M
RESTAURANT Current
OFFICE BUILDING
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
1946
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
John Dornik
Individual
Mailing address
2671 EL CAMINO REAL, REDWOOD CITY, CA 94061-3860
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2021
$1,950,000
John Dornik
Luis Torres
Grant Deed
$1,657,500 · Mufg Union Bank NA
Dec 18, 2020
—
Bryce Torres
Luis Torres
Quit Claim Deed
related
—
Dec 7, 2020
—
Luis Torres
Bryce Torres
Intrafamily Transfer
related
$300,000 · Lexxel Funding Corp
Sep 28, 2016
—
Luis Torres
Torres Jose & D Trust
Quit Claim Deed
related
—
Jun 26, 2015
—
Deborah J Torres
Torres Jose L
Affidavit Of Death
related
—
Oct 5, 2006
—
Torres Jose & D Living Trust
Torres,jose L & Deborah J
Quit Claim Deed
related
—
May 15, 1998
$269,500
Jose L Torres
Mcnally Trust
Grant Deed
$160,000 · Individual
—
—
Mcnally Trust
—
Deed Of Trust
related
$60,000 · Craig W Becker Pensi
—
—
Mcnally Trust
—
Deed Of Trust
related
$29,000 · Individual
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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