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Property profile & analytics
OFF-MARKET
Estimated value
$4,295,000
Turn key restaurants
373 Main St Redwood City, CA 94063-1729
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2755990
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1979
Total area
4,524 SF
Lot
0.8 ac (34,849 SF)
Zoning code
CP0000
APN
052-383-350
UPID
US10-2755990
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
-
Supreme Crab Buffet Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.63M
Blend (final)
Blend
$4.30M
Owner & transaction history
Seapot Capital LLC · 6 yrs held
Seapot Capital LLC
since 2020
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
CP0000 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+0.8%
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
$3,660,000
ML approach
$3,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,060,000
Current use
OFFICE BUILDING
$3,080,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$4.30M
Range $3.87M – $4.72M · ±10% · vs last sale $4.68M (Feb 25 2020)
Last sale anchor
$4.68M
Feb 25 2020
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
$949 / 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
$55,545
Tax year 2024
Assessed value
$5,017,902
Assessed 2024
Previous assessed
$5,017,902
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$4,267,362
Assessed improvement
$750,540
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
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Total area
4,524 SF
Lot
0.8 ac (34,849 SF)
Zoning code
CP0000
APN
052-383-350
UPID
US10-2755990
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CP0000 · Redwood City, CA
Zoning CP0000 · permitted uses
CP0000 · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redwood City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.1M
RESTAURANT Current
OFFICE BUILDING
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
1979
Heating
NONE
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Seapot Capital LLC
Entity
Mailing address
1952 S EL CAMINO REAL, SAN MATEO, CA 94403-1322
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2020
—
Seapot Capital LLC
—
Deed
related
$2,340,000 · Cathay Bk
Feb 25, 2020
$4,680,000
Seapot Capital LLC
Sakura Investors LLC
Grant Deed
$2,340,000 · Cathay Bank
Feb 25, 2020
—
Seapot Capital LLC
—
Deed
related
$1,685,000 · Business Fin Cap
Jun 19, 2017
—
Sakura Investors LLC
—
Deed
related
$2,254,700 · Bank Of America
Jun 2, 2014
$2,500,000
Sakura Investors LLC
Labatt LLC
Grant Deed
$2,315,400 · Seacoast Commerce Bank
Oct 27, 2008
$2,100,000
Labatt LLC
Jaber Naif
Grant Deed
$150,000 · Howard Properties
Mar 1, 2007
—
Naif T Jaber
Jaber,amal
Quit Claim Deed
related
—
Mar 1, 2007
$1,030,000
Naif Jaber
373 Main Street LLC
Grant Deed
$1,800,000 · 373 Main Street LLC
Oct 18, 2006
—
Annie Jacob
Bonner,ernest JR
Quit Claim Deed
—
Mar 27, 2006
$1,825,000
Anne Jacob
Jeffery S Hall
Grant Deed
$970,000 · Borel Private Bank & Trust Co
Jun 23, 2004
$1,100,000
Jeffrey S Hall
New Generation Investors-redwo
Grant Deed
$550,000 · Valley Community Bank
—
—
Seapot Capital LLC
—
Deed Of Trust
related
$2,340,000 · Cathay Bk
—
—
Seapot Capital LLC
—
Deed Of Trust
related
$1,685,000 · Business Fin Cap
—
—
Labatt LLC
—
Deed Of Trust
related
$890,500 · Bank Of The West
—
—
Sakura Investors LLC
—
Deed Of Trust
related
$2,254,700 · Bank Of America
—
—
Jeffery S Hall
—
Deed Of Trust
related
$398,000 · Bay Area Emp Development
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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