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Property profile & analytics
OFF-MARKET
Estimated value
$5,980,000
Manufacturing properties
2840 Bay Rd, Redwood City, CA 94063-3503
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2317094
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1975
Total area
13,000 SF
Lot
0.5 ac (21,595 SF)
Zoning code
ML00M1
APN
054-171-240
UPID
US09-2317094
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
Current use
Occupant on record · Public records
-
Samara Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.03M
Blend (final)
Blend
$5.98M
Owner & transaction history
Green Ladder LLC · 4 yrs held
Green Ladder LLC
since 2021
Last sale
$6.5M
5 recorded transactions
Zoning & alternative use
ML00M1 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.9M
+112.1%
Restaurant
$8.8M
+110.5%
Neighborhood: shopping center
$7.0M
+68.0%
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
$5,265,000
ML approach
$5,595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,175,000
Current use
OFFICE BUILDING
$8,855,000
Change: +112% · Conversion: Difficult
RESTAURANT
$8,790,000
Change: +111% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,015,000
Change: +68% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,010,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,905,000
Change: +41% · Conversion: Easy
RETAIL STORES
$5,620,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,260,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$5.98M
Range $5.38M – $6.58M · ±10% · vs last sale $6.50M (Oct 1 2021)
Last sale anchor
$6.50M
Oct 1 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
$460 / 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
$75,860
Tax year 2024
Assessed value
$6,762,600
Assessed 2024
Previous assessed
$6,762,600
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$5,170,788
Assessed improvement
$1,591,812
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
1975
Heating
NONE
Total area
13,000 SF
Lot
0.5 ac (21,595 SF)
Zoning code
ML00M1
APN
054-171-240
UPID
US09-2317094
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
$4.2M
OFFICE BUILDING
Est. value
$8.9M
RESTAURANT
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.0M
COMMERCIAL (GENERAL)
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.9M
RETAIL STORES
Est. value
$5.6M
WAREHOUSE, STORAGE
Est. value
$4.3M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
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
1975
Heating
NONE
Lot
0.5 ac
Current owner
From public records · entity-resolved
Green Ladder LLC
Entity
Mailing address
173 RAYMUNDO DR, WOODSIDE, CA 94062-4124
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
$6,500,000
Green Ladder LLC
Patricia L Smith
Grant Deed
$2,633,000 · Bay Area Employment Development Com
Oct 1, 2021
—
Alftin Construction LLC
Green Ladder LLC
Lease
$2,600,000 · Heritage Bank Of Commerce
Oct 23, 2006
—
Smith Patricia L Living Trust
Smith P L Living Trust
Quit Claim Deed
related
—
Aug 10, 1990
$210,000
Smith L Patricia
Bruckner,m. Trus
Grant Deed
—
—
—
Larson Trust
—
Deed Of Trust
related
$300,000 · Bank Of America
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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