Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,385,000
Manufacturing properties
40 Airport Blvd 60 South San Francisco, CA 94080-6515
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1319961
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1947
Total area
35,070 SF
Lot
1.63 ac (71,092 SF)
Zoning code
MH00M2
APN
015-126-010
UPID
US09-1319961
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.39M
Owner & transaction history
Scott Kahn · 3 yrs held
Scott Kahn
since 2022
7 recorded transactions
Zoning & alternative use
MH00M2 · South San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$18.9M
+64.9%
Retail stores
$17.8M
+55.4%
Commercial (general)
$16.2M
+41.2%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,480,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$18,925,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$17,835,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$16,205,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,930,000
Change: +39% · Conversion: Easy
WAREHOUSE, STORAGE
$15,085,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$11.39M
Range $10.25M – $12.52M · ±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
$325 / 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
$190,432
Tax year 2024
Assessed value
$17,401,200
Assessed 2024
Previous assessed
$17,401,200
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$17,340,000
Assessed improvement
$61,200
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
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1947
Heating
NONE
Total area
35,070 SF
Lot
1.63 ac (71,092 SF)
Zoning code
MH00M2
APN
015-126-010
UPID
US09-1319961
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
MH00M2 · South San Francisco, CAZoning MH00M2 · permitted uses
MH00M2 · South San Francisco, CA
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
INDUSTRIAL (GENERAL) Current
Est. value
$11.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.9M
RETAIL STORES
Est. value
$17.8M
COMMERCIAL (GENERAL)
Est. value
$16.2M
AUTO REPAIR, GARAGE
Est. value
$15.9M
WAREHOUSE, STORAGE
Est. value
$15.1M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1947
Heating
NONE
Lot
1.63 ac
Current owner
From public records · entity-resolved
Scott Kahn
Individual
Mailing address
550 HARTZ AVE STE #200, DANVILLE, CA 94526-3865
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2025
—
40 Airport Boulevard LLC
—
Deed
related
$8,150,000 · Athena Lending LLC
Dec 15, 2023
—
40 Airport Boulevard LLC
—
Deed
related
$6,715,000 · Bridger Fund I LP
Dec 16, 2022
—
Scott Kahn
Vicki L Kahn
Intrafamily Transfer
related
$5,650,000 · Scott Kahn
Jan 6, 2020
—
Kahn Family Trust
Kahn Ents LLC
Quit Claim Deed
—
Mar 20, 1998
—
Kahn Enterprises LLC
Kahn Trust
Quit Claim Deed
related
—
May 19, 1994
—
Scott L Kahn
Zel R Kahn Estat
Quit Claim Deed
related
—
Dec 31, 1992
—
Kahn Trust
Kahn,d.
Quit Claim Deed
related
—
Oct 30, 1992
—
Anita Kahn Trust
Kahn,a.
Quit Claim Deed
related
—
Aug 10, 1992
—
Anita Kahn Trust
Kahn,anita
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 40 Airport Blvd, Unit 60?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
