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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Super regional malls
350 Adrian Rd, Millbrae, CA 94030-3105
Entity Owned
~
Est. High Equity
Property ID
US09-2447352
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2008
Total area
3,552 SF
Lot
4.2 ac (183,135 SF)
Zoning code
M10000
APN
024-361-070
UPID
US09-2447352
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
-
Stick & Steam Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Wilson Plaza LLC
Wilson Plaza LLC
since 2026
7 recorded transactions
Zoning & alternative use
M10000 · Millbrae, 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 Millbrae submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millbrae 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$153 / 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
$422,217
Tax year 2024
Assessed value
$14,856,606
Assessed 2024
Previous assessed
$14,856,606
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$3,873,511
Assessed improvement
$10,983,095
Applied tax rate
14.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
3,552 SF
Lot
4.2 ac (183,135 SF)
Zoning code
M10000
APN
024-361-070
UPID
US09-2447352
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M10000 · Millbrae, CA
Zoning M10000 · permitted uses
M10000 · Millbrae, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millbrae. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Stories
1
Lot
4.2 ac
Current owner
From public records · entity-resolved
Wilson Plaza LLC
Entity
Mailing address
PO BOX 4003, SONORA, CA 95370-4003
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2026
—
Wilson Plaza LLC
Wilson Plaza LLC
Deed
related
$4,400,000 · Tri Counties Bank
Jan 4, 2019
—
Vi Properties LLC
—
Deed
related
—
Aug 14, 2018
—
Vi Properties LLC
—
Deed
related
$3,913,000 · Poppy Bk
Feb 12, 2008
—
Mission Hand Car Wash INC
—
Trustees Deed
related
$2,249,000 · Nara Bank
Oct 11, 2007
—
Wilson Plaza LLC
Howard,gary
Grant Deed
—
Sep 4, 2007
—
Lou E Slaughter
Wilson James H Trust
Grant Deed
—
Oct 21, 2004
—
Brodersen Ents INC
—
Trustees Deed
related
$3,140,500 · Petrofunding INC
—
—
Mission Hand Car Wash INC
—
Deed Of Trust
related
$417,796 · Bbu Bank
—
—
Mission Hand Car Wash INC
—
Deed Of Trust
related
$2,249,000 · Nara Bank
—
—
Mission Hand Car Wash INC
—
Deed Of Trust
related
$1,020,000 · Bbu Bank
—
—
Brereton,mary J Tr
—
Deed Of Trust
related
$990,000 · Mid Peninsula Bank
—
—
Vi Properties LLC
—
Deed Of Trust
related
$3,913,000 · Poppy Bk
—
—
Vi Properties LLC
—
Deed Of Trust
related
$3,913,000 · Poppy Bk
—
—
Wilson James H Trust
—
Deed Of Trust
related
$6,800,000 · Mid Peninsula Bank
—
—
Brodersen Ents INC
—
Deed Of Trust
related
$1,300,000 · Greater Sacramento Cdc
—
—
Mission Hand Car Wash INC
—
Loan Modification
related
$2,164,500 · Bbu Bank
—
—
Mission Hand Car Wash INC
—
Deed Of Trust
related
$2,249,000 · Bbu Bank
—
—
Mission Hand Car Wash INC
—
Deed Of Trust
related
$2,164,500 · Nara Bank
—
—
Vi Properties LLC
—
Loan Modification
related
—
—
—
Wilson Trust
—
Deed Of Trust
related
$2,000,000 · Mid Peninsula Bank
—
—
Vi Properties LLC
—
Loan Modification
related
—
—
—
Brodersen Ents INC
—
Deed Of Trust
related
$1,263,500 · Mission National Bank
—
—
Brodersen Ents INC
—
Deed Of Trust
related
$1,877,000 · Mission National 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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