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Property profile & analytics
OFF-MARKET
Estimated value
$7,380,000
Manufacturing properties
303 Convention Way, Redwood City, CA 94063-1465
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1938997
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1963
Total area
12,550 SF
Lot
0.77 ac (33,665 SF)
APN
052-402-070
UPID
US09-1938997
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
-
C2 Therapeutics Surgical Products Wholesaler
-
Lori Lopez, CPA Accounting Firm Tax Preparation
-
L. Lopez, CPA & Associates Inc. Accounting Firm
-
Cehipevtk999 llc. Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.46M
CAP Approach
CAP
$8.84M
Comparable Approach
Comparable
$5.82M
Blend (final)
Blend
$7.38M
Owner & transaction history
Sc Redwood City Re LLC · 3 yrs held
Sc Redwood City Re LLC
since 2022
Last sale
$8.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.6M
+112.1%
Restaurant
$8.5M
+110.5%
Neighborhood: shopping center
$6.8M
+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
$6,955,000
ML approach
$6,455,000
CAP Approach
CAP Return
Estimation
6%
$9,580,000
6.5%
$8,840,000
7%
$8,210,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,550,000
Change: +112% · Conversion: Difficult
RESTAURANT
$8,485,000
Change: +111% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,770,000
Change: +68% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,800,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,700,000
Change: +41% · Conversion: Easy
RETAIL STORES
$5,425,000
Change: +35% · Conversion: Moderate
Blend value · Realmo final
$7.38M
Range $6.64M – $8.12M · ±10% · vs last sale $8.10M (Sep 7 2022)
Last sale anchor
$8.10M
Sep 7 2022
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
$588 / 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
$91,342
Tax year 2024
Assessed value
$8,262,000
Assessed 2024
Previous assessed
$8,262,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$7,384,800
Assessed improvement
$877,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1963
Heating
NONE
Total area
12,550 SF
Lot
0.77 ac (33,665 SF)
APN
052-402-070
UPID
US09-1938997
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
OFFICE BUILDING
Est. value
$8.6M
RESTAURANT
Est. value
$8.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.7M
RETAIL STORES
Est. value
$5.4M
OFFICE BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1963
Heating
NONE
Lot
0.77 ac
Current owner
From public records · entity-resolved
Sc Redwood City Re LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1611 SPG GATE LN UNIT #371507, LAS VEGAS, NV 89137-8881
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Nov 15, 2022
—
Sc Redwood City Re LLC
—
Deed
related
$6,885,000 · First Hawaiian Bank
Sep 7, 2022
$8,100,000
Sc Redwood City Re LLC
Judy A Brooks
Grant Deed
—
Mar 15, 2022
—
Judy A Brooks
Judy A Brooks
Intrafamily Transfer
related
—
Jun 18, 2019
—
303 Convention Way LLC
Brooks F L & J A Fam B
Quit Claim Deed
related
—
Sep 14, 2012
—
Brooks F L & J A Family Trust
Brooks F L & J A Family Trust
Quit Claim Deed
related
—
Aug 7, 2012
—
Brooks F L & J A Family Trust
Brooks Judy A Trust
Quit Claim Deed
related
—
Nov 9, 2010
—
Benetti John J JR Trust
Benetti J & E C Trust B
Quit Claim Deed
related
—
Jan 8, 2008
—
Benetti J & E C Family Trust
Benetti John & E Trust
Quit Claim Deed
related
—
Mar 6, 2001
—
Brooks Trust
Coruccini Trust
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.
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