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3050 S Delaware St, San Mateo, CA 94403
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Property summary
AI-generated overview
The property is a commercial office space within a campus-like, walkable mixed-use community, located at 3050 S Delaware St, San Mateo, CA. The Bay Meadows Station complex encompasses approximately 1,250,000 rentable square feet, and Station 4 is supported by a parking ratio of 2.5 spaces per 1,000 square feet, with available EV charging. The building features distinctive architecture and has been awarded LEED Gold Certification. The office suite is 19,910 square feet and provides large, flexible floor plates with floor-to-ceiling glass and high floor-to-floor dimensions intended to maximize daylight. Building systems are designed for energy efficiency and occupant comfort, and the campus includes bicycle storage and shower/locker-room facilities in each building.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2018
Total area
218,249 SF
Lot
2.15 ac (93,506 SF)
APN
040-031-300
UPID
US09-5172944
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic
-
Training Center Vocational School
-
Physician Medical Clinic
-
Spa & Massage Center Alternative Medicine Practice
-
Gym & Fitness Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$69.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$70.96M
Owner & transaction history
since 2019
3 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$70.96M
Value range
$63.86M – $78.06M
±10% around blend
Estimated value / SF
$325 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$63.86M
blend $70.96M
$78.06M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
218,249 SF
Lot area
2.15 ac
Year built
2018
Stories
4
APN
040-031-300
Assessed value
$178,243,767
Annual tax
$2,419,892
3
Income approach: direct capitalization
Partial preview
Income approach indication
$69.59M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$75.39M
@ 6.5% CAP return
$69.59M
@ 7% CAP return
$64.62M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$70.96M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 36 sales
$652
-50%
County 168 sales
$641
-49%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $325/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$178.24M
Move the market yield to see immediate price impact.
Value / SF
$817
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$11.23M
$224.59M
$160.42M
$124.77M
$12.48M
$249.54M
$178.24M
$138.63M
$13.72M
$274.50M
$196.07M
$152.50M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,419,892
Tax year 2024
Assessed value
$178,243,767
Assessed 2024
Previous assessed
$178,243,767
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$2,863,759
Assessed improvement
$175,380,008
Applied tax rate
12.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
2018
Heating
NONE
Stories
4
Total area
218,249 SF
Lot
2.15 ac (93,506 SF)
APN
040-031-300
UPID
US09-5172944
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Heating
NONE
Stories
4
Lot
2.15 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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