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Property profile & analytics
OFF-MARKET
Estimated value
$23,610,000
Manufacturing properties
345 Shoreway Rd San Carlos, CA 94070-2708
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1431389
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1965
Total area
92,580 SF
Lot
3.08 ac (134,105 SF)
Zoning code
M2000H
APN
046-081-310
UPID
US09-1431389
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
-
Lyngso Garden Materials Inc. Garden Center Hardware & Home Improvement
-
James Biernat Law Offices Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.09M
Blend (final)
Blend
$23.61M
Owner & transaction history
345 Shoreway 2 LLC · 2 yrs held
345 Shoreway 2 LLC
since 2024
7 recorded transactions
Zoning & alternative use
M2000H · San Carlos, 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 Carlos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Carlos 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
INDUSTRIAL (GENERAL)
$30,145,000
Current use
Blend value · Realmo final
$23.61M
Range $21.25M – $25.97M · ±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
$255 / 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
$171,200
Tax year 2024
Assessed value
$13,399,762
Assessed 2024
Previous assessed
$13,399,762
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$10,620,570
Assessed improvement
$2,779,192
Applied tax rate
11.0000
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
1965
Heating
NONE
Total area
92,580 SF
Lot
3.08 ac (134,105 SF)
Zoning code
M2000H
APN
046-081-310
UPID
US09-1431389
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M2000H · San Carlos, CA
Zoning M2000H · permitted uses
M2000H · San Carlos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Carlos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$30.1M
INDUSTRIAL (GENERAL) 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
1965
Heating
NONE
Lot
3.08 ac
Current owner
From public records · entity-resolved
345 Shoreway 2 LLC
Entity
Mailing address
587 GYLES PL, PLEASANTON, CA 94566-6241
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2024
—
345 Shoreway 2 LLC
Joseph S Mcclintock
Grant Deed
—
Dec 28, 2022
—
Joseph S Mcclintock
John H Lyngso
Intrafamily Transfer
related
—
Jan 28, 2021
—
Lyngso-mcclintock 2008 L Trust
Lyngso John Survivors Trust
Quit Claim Deed
related
—
Sep 10, 2020
—
Lyngso,john Survivors Trust
J & M Trust
Quit Claim Deed
related
—
Oct 8, 2019
—
J & M Trust
Mary E Lyngso
Affidavit Of Death
related
—
Dec 11, 2018
—
Lyngso-mcclintock 2008 L & Trust
Theresa Lyngso
Quit Claim Deed
related
—
Oct 19, 2017
—
Lyngso,linda K Living Trust
Linda K Lyngso
Quit Claim Deed
related
—
Aug 7, 2017
—
Parkinson,pamela J Living Trust
Pamela Parkinson
Quit Claim Deed
related
—
Dec 30, 2016
—
Theresa Lyngso
J & M Trust
Quit Claim Deed
related
—
Nov 4, 2015
$12,750,000
J & M Trust
San Carlos Industrial Ents LLC
Grant Deed
—
Nov 13, 2014
$12,750,000
San Carlos Industrial Ents LLC
Sprinkel Ptshp
Grant Deed
—
Nov 23, 1993
—
Sprinkel Stancil Partnership
Fisons Instrumen
Grant Deed
$3,815,000 · Wells Fargo Bank
—
—
Sprinkel & Stancil Partnership
—
Deed Of Trust
related
$2,500,000 · Comerica Bank
—
—
Sprinkel & Stancil Partnership
—
Deed Of Trust
related
$5,300,000 · Hatcher Trade Press
—
—
Sprinkel & Stancil Ptshp
—
Deed Of Trust
related
$1,000,000 · Bridge Bk/na
—
—
Sprinkel & Stancil Ptshp
—
Deed Of Trust
related
$5,000,000 · Bridge Bk/na
—
—
Sprinkel Stancil Ptshp
—
Deed Of Trust
related
$3,860,000 · San Carlos-shoreway Rd First M
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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