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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Warehouses
401 1st Ave San Mateo, CA 94401-3202
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0137061
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1964
Total area
4,800 SF
Lot
0.13 ac (5,500 SF)
Zoning code
CH00C4
APN
034-156-080
UPID
US09-0137061
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
-
CARSTAR Chilton Auto Body San Mateo Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.06M
Owner & transaction history
Sm First Ave Partners Gp · 12 yrs held
Sm First Ave Partners Gp
since 2014
7 recorded transactions
Zoning & alternative use
CH00C4 · San Mateo, 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 San Mateo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Mateo 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%
$1,400,000
6.5%
$1,290,000
7%
$1,200,000
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±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
$220 / 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
$13,979
Tax year 2024
Assessed value
$1,114,443
Assessed 2024
Previous assessed
$1,114,443
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$850,046
Assessed improvement
$264,397
Applied tax rate
12.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Total area
4,800 SF
Lot
0.13 ac (5,500 SF)
Zoning code
CH00C4
APN
034-156-080
UPID
US09-0137061
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CH00C4 · San Mateo, CA
Zoning CH00C4 · permitted uses
CH00C4 · San Mateo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Mateo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Sm First Ave Partners Gp
Entity
Mailing address
311 S ELLSWORTH AVE, SAN MATEO, CA 94401-4023
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Aug 16, 2019
—
Sm First Ave Partners LP
—
Deed
related
$1,250,000 · Heritage Bk/commerce
May 13, 2014
$1,545,500
Sm First Ave Partners Gp
San Mateo Equity Corp
Grant Deed
$950,000 · Delue R S & R 1995 Trust (rt)
Feb 24, 2014
$1,545,000
San Mateo Equity Corp
Nibbi Sergio J & K J
Grant Deed
$400,000 · Nibbi Sergio J & K J (te)
Dec 16, 2013
—
Sergio J Nibbi
Gsl LP
Quit Claim Deed
related
—
Jul 31, 2007
$400,000
Gsl LP
Carleton L Briggs
Grant Deed
$480,000 · Borel Private Bank & Trust Co
Feb 15, 2007
—
Greensprings Baptist Christian
—
Deed Of Trust
related
$15,975,000 · Elsie Turchen
Dec 1, 2005
—
Greensprings Fellowship Trust
Anderson Ward Trust
Grant Deed
—
Aug 14, 1997
—
Dennis J Lapuyade
Lapuyade Trust
Quit Claim Deed
related
—
Aug 30, 1993
—
Ward,d Anderson Trust
Anderson,w.
Quit Claim Deed
related
—
—
—
Sm First Ave Partners LP
—
Loan Modification
related
$1,250,000 · Heritage Bk/commerce
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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