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Property profile & analytics
FOR LEASE
Office buildings
2929 Campus Dr San Mateo, CA 94403
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1292933
For Lease
1 / 5
Contact for pricing
2929 Campus Dr, San Mateo, CA 94403
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1982
Total area
94,180 SF
Lot
3.68 ac (160,122 SF)
Zoning code
E10000
APN
041-522-070
UPID
US09-1292933
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
-
Shank Balfour Beatty Construction Company General Contractor
-
E&H Duct Cleaning Service Insurance Agency
-
Vivace Therapeutics Corporate Office
-
HealthMine, Inc. Wellness Program Business To Business Service
-
Shell Recharge Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Campus Drive Portfolio LLC · 5 yrs held
Campus Drive Portfolio LLC
since 2021
Last sale
$119.7M
6 recorded transactions
Zoning & alternative use
E10000 · San Mateo, 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 San Mateo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Mateo 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
—
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
$546,373
Tax year 2024
Assessed value
$48,072,722
Assessed 2024
Previous assessed
$48,072,722
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$29,607,703
Assessed improvement
$18,465,019
Applied tax rate
12.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1982
Heating
NONE
Stories
4
Total area
94,180 SF
Lot
3.68 ac (160,122 SF)
Zoning code
E10000
APN
041-522-070
UPID
US09-1292933
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
E10000 · San Mateo, CA
Zoning E10000 · permitted uses
E10000 · San Mateo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Mateo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Stories
4
Lot
3.68 ac
Current owner
From public records · entity-resolved
Campus Drive Portfolio LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1530 OBRIEN DR STE C, MENLO PARK, CA 94025-1454
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
—
Campus Drive Portfolio LLC
—
Deed
related
$140,855 · Sm Finance II LLC
Jun 24, 2021
$119,700,000
Campus Drive Portfolio LLC
2929 Campus Pop Owner LLC
Grant Deed
—
Jul 30, 2018
$211,500
2929 Campus Pop Owner LLC
Hudson Pennisula Office Bank LLC
Grant Deed
$146,044,000 · Acore Capital Mo-rtgage LP
Apr 3, 2015
$201,165,500
Hudson Peninsula Office Park L
Eop-peninsula Office Park LLC
Grant Deed
—
Oct 7, 1999
—
Peninsula Office Park Assoc
—
Deed Of Trust
related
$79,544,028 · Northwestern Mutual Life Ins
May 30, 1997
—
Peninsula Office Park Assoc LP
San Mateo City (ca)
Quit Claim Deed
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.
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?”
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