Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$13,045,000
Apartment buildings
2821 El Camino Real Redwood City, CA 94061-4000
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2001740
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2021
Total area
47,806 SF
Lot
0.59 ac (25,636 SF)
Zoning code
C200R3
APN
054-284-360
UPID
US09-2001740
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
$8.79M
Blend (final)
Blend
$13.05M
Owner & transaction history
2821 El Camino Real LP · 7 yrs held
2821 El Camino Real LP
since 2019
7 recorded transactions
Zoning & alternative use
C200R3 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$21.7M
+25.4%
Retail stores
$20.7M
+19.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$17,325,000
Current use
AUTO REPAIR, GARAGE
$21,715,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$20,675,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$15,665,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$13.05M
Range $11.74M – $14.35M · ±10%
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
$273 / 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
$78,417
Tax year 2024
Assessed value
$19,306,861
Assessed 2024
Previous assessed
$19,306,861
+0.0% YoY
Effective rate
0.41%
On assessed value
Assessed land
$6,343,145
Assessed improvement
$12,963,716
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2021
Heating
NONE
Stories
4
Units
67
Rooms
69
Total area
47,806 SF
Lot
0.59 ac (25,636 SF)
Zoning code
C200R3
APN
054-284-360
UPID
US09-2001740
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C200R3 · Redwood City, CAZoning C200R3 · permitted uses
C200R3 · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$17.3M
AUTO REPAIR, GARAGE
Est. value
$21.7M
RETAIL STORES
Est. value
$20.7M
WAREHOUSE, STORAGE
Est. value
$15.7M
APARTMENT HOUSE (5+ UNITS) Current
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
2021
Heating
NONE
Stories
4
Units
67
Rooms
69
Lot
0.59 ac
Current owner
From public records · entity-resolved
2821 El Camino Real LP
Entity
Mailing address
3460 W BAYSHORE RD STE #104, PALO ALTO, CA 94303-4269
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2021
—
2821 El Camino Real LP
—
Deed
related
$29,814,633 · California Community Reinvestment Corpor
Feb 15, 2019
—
2821 El Camino Real LP
2821 Ecr LLC
Grant Deed
$7,107,300 · California Community Reinvestment C
Jun 12, 2018
—
2821 Ecr LLC
—
Grant Deed
related
$5,800,000 · San Mateo Dept Of Hsng
Oct 12, 2017
—
2821 Ecr LLC
—
Deed
related
$123,553 · County Of San Mateo Dept/hsng
Oct 2, 2017
$5,500,000
2821 Ecr LLC
Anderson Family Trust
Grant Deed
$3,500,000 · Housing Endowment & Reg'l Tr O
Sep 29, 2016
—
Palo Alto Hsng Corp
Warmoth,jeffrey A
Grant Deed
—
Sep 29, 2016
$3,500,000
Jeffrey A Warmoth
G & Jg Trust
Grant Deed
$2,500,000 · Gino Blefar
Sep 11, 2015
—
Wallace K Gibson
Gibson W K & J E Trust
Quit Claim Deed
related
—
Jul 24, 2015
—
Klee Family Trust
Kjg Properties LLC
Quit Claim Deed
—
Feb 18, 2005
—
Giannotti Family LLC
Giannotti,eugene C
Quit Claim Deed
—
Sep 27, 1999
—
Giannotti Trust
Giannotti Trust
Quit Claim Deed
related
—
—
—
2821 Ecr LLC
—
Deed Of Trust
related
$123,553 · County Of San Mateo Dept/hsng
—
—
2821 El Camino Real LP
—
Loan Modification
related
$876,467 · Housing Authority Of The Cnty
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2821 El Camino Real?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
