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Property profile & analytics
FOR LEASE
Manufacturing properties
405 Industrial Rd San Carlos, CA 94070
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1548857
For Lease
1 / 20
$26,370,000
405 Industrial Rd, San Carlos, CA 94070
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
CANNERY
Year built
1978
Total area
55,422 SF
Lot
2.41 ac (105,055 SF)
Zoning code
PM0002
APN
046-051-080
UPID
US09-1548857
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
-
San Carlos Mini Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.37M
Owner & transaction history
Menlo Bcsp 405 Property LLC · 5 yrs held
Menlo Bcsp 405 Property LLC
since 2021
Last sale
$26.0M
7 recorded transactions
Zoning & alternative use
PM0002 · San Carlos, 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 Carlos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Carlos 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
$27,115,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$26.37M
Range $23.73M – $29.01M · ±10% · vs last sale $26.00M (Feb 17 2021)
Last sale anchor
$26.00M
Feb 17 2021
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
$476 / 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
$314,435
Tax year 2024
Assessed value
$27,591,408
Assessed 2024
Previous assessed
$27,591,408
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$27,591,408
Applied tax rate
11.0000
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
CANNERY
Status
For Lease
Year built
1978
Heating
NONE
Stories
1
Total area
55,422 SF
Lot
2.41 ac (105,055 SF)
Zoning code
PM0002
APN
046-051-080
UPID
US09-1548857
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
PM0002 · San Carlos, CA
Zoning PM0002 · permitted uses
PM0002 · San Carlos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Carlos. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Stories
1
Lot
2.41 ac
Current owner
From public records · entity-resolved
Menlo Bcsp 405 Property LLC
Entity
Mailing address
2765 SAND HL RD STE #200, MENLO PARK, CA 94025-7099
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jan 3, 2023
—
Menlo Bcsp 405 Property LLC
—
Deed
related
$149,000,000 · Bank Of The Ozarks
Feb 17, 2021
$26,000,000
Menlo Bcsp 405 Property LLC
Dlc 405 Industrial Partners
Grant Deed
—
Sep 27, 2019
$8,000,000
Dlc 405 Industrial Partners
John H Thompson
Grant Deed
—
May 18, 2011
—
John H Thompson
Thompson 1984 Trust
Quit Claim Deed
related
—
May 18, 2011
$1,012,500
John H Thompson
Medeiros Deborah M Trust
Grant Deed
—
Dec 13, 1999
—
Medeiros Trust
Medeiros,deborah M
Quit Claim Deed
related
—
Jan 14, 1999
—
John H Thompson
Thompson Trust
Quit Claim Deed
related
$750,000 · Seller
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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