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Property profile & analytics
OFF-MARKET
Estimated value
$20,770,000
Apartment buildings
3135 Campus Dr San Mateo, CA 94403-3157
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2279795
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Total area
111,093 SF
Lot
8 ac (348,609 SF)
Zoning code
R20000
APN
041-362-240
UPID
US09-2279795
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
-
Oakview Apartments | Prodesse Property Apartment Building
-
Lice Spa- Lice Treatment and Removal Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$20.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.56M
Blend (final)
Blend
$20.77M
Owner & transaction history
Richard Tod Spieker · 2 yrs held
Richard Tod Spieker
since 2024
Last sale
$20.8M
5 recorded transactions
Zoning & alternative use
R20000 · 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
Method
Estimation
Statistic approach
$20,770,000
ML approach
$20,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$34,445,000
Current use
Blend value · Realmo final
$20.77M
Range $18.69M – $22.85M · ±10% · vs last sale $20.77M (Jun 20 2024)
Last sale anchor
$20.77M
Jun 20 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
$187 / 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
$177,064
Tax year 2024
Assessed value
$4,831,583
Assessed 2024
Previous assessed
$4,831,583
+0.0% YoY
Effective rate
3.66%
On assessed value
Assessed land
$807,648
Assessed improvement
$4,023,935
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1974
Heating
NONE
Stories
3
Units
96
Rooms
25
Bathrooms
2
Total area
111,093 SF
Lot
8 ac (348,609 SF)
Zoning code
R20000
APN
041-362-240
UPID
US09-2279795
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R20000 · San Mateo, CA
Zoning R20000 · permitted uses
R20000 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$34.4M
APARTMENT HOUSE (5+ UNITS) Current
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
1974
Heating
NONE
Stories
3
Units
96
Rooms
25
Bathrooms
2
Lot
8 ac
Current owner
From public records · entity-resolved
Richard Tod Spieker
Individual
Free & Clear · 2 yrs held
Mailing address
1020 E CORPORATION WAY STE #100, PALO ALTO, CA 94303-4317
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2024
$20,768,000
Richard Tod Spieker
Oakview Apartments LLC
Grant Deed
—
Aug 22, 2019
—
Oakview Apartments LLC
—
Deed
related
$1,180,000 · Jpmorgan Chase Bank NA
Jun 16, 2004
—
Oakview Apartments LLC
San Mateo Investment Co
Grant Deed
$8,700,000 · Wachovia Bank NA
Aug 22, 1996
—
San Mateo Investment Co
—
Grant Deed
related
$4,150,000 · Citibank Fsb
—
—
San Mateo Investment Corp
—
Deed Of Trust
related
$4,400,000 · Wells Fargo Bank
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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