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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Warehouses
4021 Pacific Blvd San Mateo, CA 94403-4666
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-1392694
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1949
Total area
3,404 SF
Lot
0.14 ac (6,244 SF)
APN
040-232-110
UPID
US09-1392694
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
-
Allied Transportation Limousine Service Airport Shuttle Service
-
GOAT Clothes Clothing Store
-
Motorsport Division Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
$915k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Tandel & Sons LLC · 1 yrs held
Tandel & Sons LLC
since 2024
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
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
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
$995,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,305,000
Current use
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Sep 4 2024)
Last sale anchor
$850k
Sep 4 2024
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
$250 / 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
$14,526
Tax year 2024
Assessed value
$1,161,581
Assessed 2024
Previous assessed
$1,161,581
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$942,935
Assessed improvement
$218,646
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
1949
Heating
NONE
Total area
3,404 SF
Lot
0.14 ac (6,244 SF)
APN
040-232-110
UPID
US09-1392694
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
WAREHOUSE, STORAGE Current
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
1949
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Tandel & Sons LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4021 PACIFIC BLVD, SAN MATEO, CA 94403-4666
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Sep 4, 2024
—
Tandel & Sons LLC
Manubhai B Tandel
Intrafamily Transfer
related
—
Jun 22, 2023
—
Manubhai B Tandel
Manubhai B Tandel
Intrafamily Transfer
related
—
Jan 12, 2021
—
Manubhai Tandel
—
Deed
related
—
Dec 1, 2020
$850,000
Manubhai B Tandel
Constance Marie Lewis
Grant Deed
$730,000 · Mufg Union Bank NA
Nov 17, 1998
—
Lewis Trust
Lewis,donald D
Quit Claim Deed
related
—
Apr 10, 1991
—
Donald Lewis
City Of San Mate
Quit Claim Deed
related
—
—
—
Manubhai Tandel
—
Deed Of Trust
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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