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Property profile & analytics
OFF-MARKET
Estimated value
$2,570,000
Warehouses
2920 Bay Rd Redwood City, CA 94063-3934
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1586550
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1955
Total area
6,409 SF
Lot
0.2 ac (8,775 SF)
Zoning code
M10000
APN
054-172-160
UPID
US09-1586550
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
-
Lux Mobile Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.57M
Owner & transaction history
Stanford Health Care · 2 yrs held
Stanford Health Care
since 2024
7 recorded transactions
Zoning & alternative use
M10000 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.5M
+64.7%
Commercial (general)
$3.0M
+41.1%
Auto repair, garage
$2.9M
+38.7%
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
WAREHOUSE, STORAGE
$2,100,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,460,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,960,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,910,000
Change: +39% · Conversion: Easy
RETAIL STORES
$2,770,000
Change: +32% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,060,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$2.57M
Range $2.31M – $2.83M · ±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
$401 / 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
$26,197
Tax year 2024
Assessed value
$2,263,844
Assessed 2024
Previous assessed
$2,263,844
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,487,357
Assessed improvement
$776,487
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Heating
NONE
Stories
1
Total area
6,409 SF
Lot
0.2 ac (8,775 SF)
Zoning code
M10000
APN
054-172-160
UPID
US09-1586550
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M10000 · Redwood City, CA
Zoning M10000 · permitted uses
M10000 · 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
WAREHOUSE, STORAGE Current
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RETAIL STORES
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1955
Heating
NONE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Stanford Health Care
Individual
Mailing address
300 PASTEUR DR #5451, PALO ALTO, CA 94305-2200
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jan 3, 2024
—
Stanford Health Care
Bauen Fund 2018 2920 LLC
Intrafamily Transfer
related
—
Aug 18, 2023
—
Bauen Fund 2018 2920 LLC
—
Deed
related
$25,000,000 · Western Alliance Bank
Dec 30, 2020
—
Bauen Fund 2018-2920 LLC
—
Deed
related
—
Aug 28, 2019
—
Bauen Fund 2018-2920 LLC
—
Grant Deed
related
$25,000,000 · Western Alliance Bk
Apr 4, 2019
—
Anne K Mcquillin
Mcquillin,robert C
Quit Claim Deed
related
—
Sep 25, 2018
—
Stephen A Koblick
Koblick Allan W Family Trust
Quit Claim Deed
related
—
Jul 12, 2017
—
Koblick,stephen A & Tory 2017 Trust
Koblick,stephen A
Quit Claim Deed
related
—
Sep 13, 2001
—
Allan W Koblick
Koblick Trust
Quit Claim Deed
related
—
—
—
Bauen Fund 2018-2920 LLC
—
Loan Modification
related
—
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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