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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Office buildings
2966 Bay Rd, Redwood City, CA 94063-3977
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0114071
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1948
Total area
1,450 SF
Lot
0.16 ac (6,884 SF)
Zoning code
ML00M1
APN
054-172-060
UPID
US09-0114071
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
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.50M
Owner & transaction history
Stanford Health Care · 2 yrs held
Stanford Health Care
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
ML00M1 · Redwood City, 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 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
$1,500,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (Jan 3 2024)
Last sale anchor
$1.50M
Jan 3 2024
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
$1,034 / 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
$18,802
Tax year 2024
Assessed value
$1,591,811
Assessed 2024
Previous assessed
$1,591,811
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,538,751
Assessed improvement
$53,060
Applied tax rate
9.0000
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
Off-Market
Year built
1948
Heating
NONE
Stories
1
Total area
1,450 SF
Lot
0.16 ac (6,884 SF)
Zoning code
ML00M1
APN
054-172-060
UPID
US09-0114071
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.
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Stories
1
Lot
0.16 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
14 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
$20,142,850 · Western Alliance Bank
May 11, 2021
—
Bauen Fund 20 18 2920 LLC
—
Deed
related
$25,000,000 · Western Alliance Bank
Aug 24, 2020
—
Turchet Trust
Mario Venturini
Affidavit Of Death
related
—
Aug 19, 2020
$1,500,000
Bauen Fund 2018-2920 LLC
Turchet Trust
Grant Deed
—
Dec 27, 2016
—
Turchet Trust
—
Deed
related
$220,000 · Venturini Trust (rt)
May 4, 2007
—
Turchet Trust
Turchet,luciano
Quit Claim Deed
related
—
Nov 8, 2006
—
John S Cabral
Cabral,mary
Quit Claim Deed
related
—
Nov 8, 2006
$200,000
Luciano Turchet
Cabral,john S
Grant Deed
—
Nov 3, 1994
—
Luciano Turchet
Turchet,martha
Quit Claim Deed
related
—
Apr 5, 1991
$240,000
Turchet Luciano
Franzke,m.&i.
Grant Deed
—
Mar 4, 1991
$240,000
Turchet Luciano
Franzke,m.&i.
Grant Deed
$155,000 · Individual
—
—
Luciano Turchet
—
Deed Of Trust
related
$182,000 · Bank Of America
—
—
Turchet Trust
—
Deed Of Trust
related
$220,000 · Venturini Trust (rt)
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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