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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Apartment buildings
35 Atherwood Ave Redwood City, CA 94061-5646
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-1492620
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1957
Total area
5,017 SF
Lot
0.16 ac (6,924 SF)
APN
059-234-030
UPID
US09-1492620
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
$2.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
35 Atherwood LLC · 1 yrs held
35 Atherwood LLC
since 2024
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.7M
+48.9%
Commercial (general)
$2.3M
+27.5%
Auto repair, garage
$2.3M
+25.4%
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
$2,000,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
$2,275,000
6.5%
$2,100,000
7%
$1,950,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,820,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,705,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,320,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,280,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$2,170,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,645,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $2.00M (Oct 17 2024)
Last sale anchor
$2.00M
Oct 17 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
$399 / 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
$11,180
Tax year 2024
Assessed value
$997,960
Assessed 2024
Previous assessed
$997,960
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$303,373
Assessed improvement
$694,587
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
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
1957
Heating
NONE
Stories
2
Units
7
Rooms
19
Bathrooms
6
Total area
5,017 SF
Lot
0.16 ac (6,924 SF)
APN
059-234-030
UPID
US09-1492620
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RETAIL STORES
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1957
Heating
NONE
Stories
2
Units
7
Rooms
19
Bathrooms
6
Lot
0.16 ac
Current owner
From public records · entity-resolved
35 Atherwood LLC
Entity
Free & Clear · 1 yrs held
Mailing address
30 W LA BARTHE LN APT #245, SAN CARLOS, CA 94070-4454
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2024
—
35 Atherwood LLC
—
Deed
related
$995,000 · Heritage Bank Of Commerce
Oct 17, 2024
—
35 Atherwood LLC
Hany Ezzat Nasrallah Ibrahim
Deed
related
—
Jun 17, 2024
$2,000,000
Hany Ezzat Nasrallah Ibrahim
Corinne M Betts
Grant Deed
—
Sep 19, 1997
—
Soressi Trust
Soressi,dorothy A
Quit Claim Deed
related
—
May 27, 1997
$625,000
Dorothy A Soressi
Oyster Trust
Grant Deed
$375,000 · World Savings Bank
Mar 23, 1995
$405,000
Oyster Trust
Shako Real Estate Management
Grant Deed
$303,750 · Home Savings Of America
Feb 7, 1994
$355,000
Shako Real Estate Management
Grigorians,manui
Grant Deed
related
—
Oct 13, 1993
—
Shako Estate Management Corp
Panosian,jerair
Grant Deed
related
—
—
—
Jerair Panosian
—
Deed Of Trust
related
$2,500,000 · Cathay 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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