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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Investment properties
347 Primrose Rd Burlingame, CA 94010-4168
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US09-1702692
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1920
Total area
1,230 SF
Lot
0.12 ac (5,186 SF)
Zoning code
CL00C1
APN
029-122-130
UPID
US09-1702692
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
-
Nick Delis Co Inc Real Estate Agency
-
Jessie Liu Collection Clothing & Fashion Store
-
Nick Delis Properties | Compass Real Estate Agency
-
Barracuda Japanese Restaurant Restaurant
-
denidee (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$760k
Blend (final)
Blend
$580k
Owner & transaction history
Nick Delis Co · 28 yrs held
Nick Delis Co
since 1998
5 recorded transactions
Zoning & alternative use
CL00C1 · Burlingame, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$790,000
+38.8%
Neighborhood: shopping center
$665,000
+16.8%
Retail stores
$625,000
+10.0%
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 Burlingame submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlingame 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
$375,000
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$570,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$570,000
Current use
OFFICE BUILDING
$790,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$625,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$560,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$472 / 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
$33,510
Tax year 2024
Assessed value
$2,952,453
Assessed 2024
Previous assessed
$2,952,453
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,700,089
Assessed improvement
$1,252,364
Applied tax rate
4.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1920
Heating
NONE
Total area
1,230 SF
Lot
0.12 ac (5,186 SF)
Zoning code
CL00C1
APN
029-122-130
UPID
US09-1702692
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL00C1 · Burlingame, CA
Zoning CL00C1 · permitted uses
CL00C1 · Burlingame, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlingame. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$570,000
OFFICE BUILDING
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
RETAIL STORES
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$560,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1920
Heating
NONE
Lot
0.12 ac
Current owner
From public records · entity-resolved
Nick Delis Co
Entity
Mailing address
347 PRIMROSE RD, BURLINGAME, CA 94010-4168
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
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
Apr 24, 1998
$1,886,000
Nick Delis Co
Cohn,stephen T & Andrea G
Grant Deed
$470,000 · Peninsula Bank Of Commerce
Dec 20, 1991
$1,281,000
Cohn Stephen
Cohn,m.&f.
Grant Deed
related
$813,000 · Bay Area Bank
Jun 8, 1990
$621,000
Maurice Cohn
Achilles,c.
Grant Deed
$300,000 · Bay View Federal Bank
Jan 8, 1990
$176,000
Constan Achilles
Hudson,w./hudson
Grant Deed
—
—
—
Stephen T Cohn
—
Deed Of Trust
related
$900,000 · Redwood 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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