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Property profile & analytics
OFF-MARKET
Manufacturing properties
383 Grand Ave 393 South San Francisco, CA 94080-6234
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1319945
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PACKING, PACKING PLANT
Year built
1988
Total area
33,451 SF
Lot
4.85 ac (211,407 SF)
Zoning code
M2000H
APN
015-250-390
UPID
US09-1319945
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
-
Lonora Gold-Goldsmith and Watchmakers (Bike/Boat/Book/etc) Store
-
Peninsula Pathologists Medical Laboratory
-
THUY BAO NGUYEN Physician
-
MICHAEL JOSEPH CASCIO Physician
-
eMOD - by BuildSafely LLC (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Genentech INC · 1 yrs held
Genentech INC
since 2025
Last sale
$42.5M
7 recorded transactions
Zoning & alternative use
M2000H · South San Francisco, 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 South San Francisco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South San Francisco 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
—
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
$91,157
Tax year 2024
Assessed value
$7,625,435
Assessed 2024
Previous assessed
$7,625,435
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$3,747,541
Assessed improvement
$3,877,894
Applied tax rate
13.0000
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
Manufacturing properties
Use group
FOOD PACKING, PACKING PLANT
Status
Off-Market
Year built
1988
Heating
NONE
Total area
33,451 SF
Lot
4.85 ac (211,407 SF)
Zoning code
M2000H
APN
015-250-390
UPID
US09-1319945
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M2000H · South San Francisco, CA
Zoning M2000H · permitted uses
M2000H · South San Francisco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South San Francisco. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Lot
4.85 ac
Current owner
From public records · entity-resolved
Genentech INC
Entity
Mailing address
85 SAN BENITO WAY STE #3, SAN FRANCISCO, CA 94127-1501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2025
$42,500,000
Genentech INC
Grand Avenue LLC
Grant Deed
—
Jun 20, 2024
—
East Grand Avenue LLC
Creative Planning Trust Company LLC
Grant Deed
—
Jun 18, 2024
—
Creative Planning Trust Company LLC
Mark Bley
Grant Deed
—
Jun 13, 2024
—
Mark Bley
East Grand Avenue LLC
Intrafamily Transfer
related
—
Sep 16, 2020
—
East Grand Avenue LLC
—
Deed
related
$5,150,000 · Bank Of San Francisco
Oct 28, 2011
$6,086,500
East Grand Avenue LLC
Blum Courtyard Associates
Grant Deed
$4,305,000 · Bank Of Marin
Aug 28, 1998
—
Blum Courtyard Associates
Blum Associates
Quit Claim Deed
related
—
Jul 30, 1992
$885,000
Blum Associates LP
Schafer,j./samue
Grant Deed
—
—
—
Shs Courtyard Gp
—
Deed Of Trust
related
$2,800,000 · Allstate Life Insurance Co
—
—
Blum Courtyard Associates
—
Deed Of Trust
related
$2,300,000 · Allstate Life Insurance Co
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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