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Property profile & analytics
OFF-MARKET
Estimated value
$24,330,000
Warehouses
3175 Spg St Redwood City, CA 94063-3928
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3792663
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Total area
62,516 SF
Lot
6.42 ac (279,858 SF)
APN
055-081-200
UPID
US09-3792663
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
-
Redwood City Marshal's Office Government Office
-
Impac Medical Social Service Agency Charitable Organization
-
Evoque Redwood City Data Center Telecommunications Service Tech Support Center
-
Slash Support Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Ellie Mae Store Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.33M
Owner & transaction history
U S Holdings LLC · 2 yrs held
U S Holdings LLC
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$33.7M
+64.7%
Commercial (general)
$28.9M
+41.1%
Auto repair, garage
$28.4M
+38.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$20,485,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$33,735,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$28,890,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$28,400,000
Change: +39% · Conversion: Easy
RETAIL STORES
$27,035,000
Change: +32% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$20,080,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$24.33M
Range $21.90M – $26.76M · ±10%
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
$389 / 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
$389,388
Tax year 2024
Assessed value
$33,885,138
Assessed 2024
Previous assessed
$33,885,138
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$19,893,422
Assessed improvement
$13,991,716
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Heating
NONE
Total area
62,516 SF
Lot
6.42 ac (279,858 SF)
APN
055-081-200
UPID
US09-3792663
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
WAREHOUSE, STORAGE Current
Est. value
$20.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$33.7M
COMMERCIAL (GENERAL)
Est. value
$28.9M
AUTO REPAIR, GARAGE
Est. value
$28.4M
RETAIL STORES
Est. value
$27.0M
INDUSTRIAL (GENERAL)
Est. value
$20.1M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1967
Heating
NONE
Lot
6.42 ac
Current owner
From public records · entity-resolved
U S Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5030 RIVERSIDE DR, IRVING, TX 75039-4336
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2023
—
U S Holdings LLC
Dawn Colocation Services LLC
Grant Deed
—
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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