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Property profile & analytics
OFF-MARKET
Estimated value
$3,665,000
Warehouses
371 Foster City Blvd Foster City, CA 94404-1104
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0127388
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Total area
15,254 SF
Lot
0.73 ac (31,913 SF)
Zoning code
M100PD
APN
094-012-160
UPID
US09-0127388
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
by Request
CAP Approach
CAP
$4.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.67M
Owner & transaction history
Fcb Property LLC · 3 yrs held
Fcb Property LLC
since 2022
7 recorded transactions
Zoning & alternative use
M100PD · Foster City, 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 Foster City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Foster 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%
$4,450,000
6.5%
$4,105,000
7%
$3,815,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,835,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,065,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.67M
Range $3.30M – $4.03M · ±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
$240 / 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
$58,358
Tax year 2024
Assessed value
$5,019,831
Assessed 2024
Previous assessed
$5,019,831
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$4,127,418
Assessed improvement
$892,413
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1971
Heating
NONE
Stories
1
Total area
15,254 SF
Lot
0.73 ac (31,913 SF)
Zoning code
M100PD
APN
094-012-160
UPID
US09-0127388
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M100PD · Foster City, CA
Zoning M100PD · permitted uses
M100PD · Foster City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Foster City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
1971
Heating
NONE
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Fcb Property LLC
Entity
Free & Clear · 3 yrs held
Mailing address
274 KILLDEER CT, FOSTER CITY, CA 94404-1332
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2022
—
Fcb Property LLC
Michael I Harrison
Grant Deed
—
Dec 17, 2021
—
Lesley Irene Harrison
—
Deed
related
$2,850,000 · Bank Of The West
Aug 23, 2017
$4,500,000
Lesley I Harrison
Taoj Investments LLC
Grant Deed
$3,150,000 · Bank Of The West
Aug 3, 2007
$2,800,000
Taoj Investments LLC
Theodore F Nell
Grant Deed
$2,000,000 · Us Bank NA
Oct 18, 2006
—
Theresa N Steiner
Nell,theodore F & Dorothea B
Grant Deed
related
—
Dec 4, 1997
$1,400,000
Nell Trust
Macdonald Trust
Trustees Deed
$1,020,000 · Mid Peninsula Bank
Dec 4, 1997
$500
Macdonald Trust
Macdonald,diana L
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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