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Property profile & analytics
OFF-MARKET
Estimated value
$2,710,000
Office buildings
407 San Mateo Dr San Mateo, CA 94401-2417
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0639972
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1956
Total area
2,260 SF
Lot
0.14 ac (6,091 SF)
Zoning code
EA00E2
APN
032-173-100
UPID
US09-0639972
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
-
Miraculous Energy Healing Life Coach Alternative Medicine Practitioner
-
Rucha Kelkar Physician
-
Qi Harmony - Acupuncture and Herbal Medicine Medical Clinic Alternative Medicine Practice
-
Powerpractic Alternative Medicine Practice
-
Qi Harmony - Acupuncture & Herbal Medicine Medical Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$2.71M
Owner & transaction history
Kehan Properties LLC · 3 yrs held
Kehan Properties LLC
since 2023
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
EA00E2 · 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
$2,850,000
ML approach
$2,795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.71M
Range $2.44M – $2.98M · ±10% · vs last sale $2.60M (Jul 12 2023)
Last sale anchor
$2.60M
Jul 12 2023
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
$1,199 / 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
$30,692
Tax year 2024
Assessed value
$2,600,000
Assessed 2024
Previous assessed
$2,600,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,300,000
Assessed improvement
$300,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1956
Heating
NONE
Total area
2,260 SF
Lot
0.14 ac (6,091 SF)
Zoning code
EA00E2
APN
032-173-100
UPID
US09-0639972
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
EA00E2 · San Mateo, CA
Zoning EA00E2 · permitted uses
EA00E2 · 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
1956
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Kehan Properties LLC
Entity
Mailing address
844 NEWPORT CIR, REDWOOD CITY, CA 94065-1914
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2023
$2,600,000
Kehan Properties LLC
Aaron Ulysses Parnell
Grant Deed
$2,080,000 · Bank Of America NA
Dec 22, 2021
—
Aaron Ljjysses Parnellan
—
Deed
related
$1,500,000 · Allstar Financial Services INC
Dec 17, 2019
—
Aaron U Parnell
Aaron U Parnel
Quit Claim Deed
related
$1,236,000 · Athas Cap
Jul 21, 2016
—
Aaron Ulysses Parnell
—
Deed
related
$1,061,600 · Community Bank Of The Bay
Jun 27, 2011
—
Aaron U Parnell
Parnell A U & A K Trust
Quit Claim Deed
related
—
Apr 2, 2003
—
Parnell,tr
Parnell,aaron U & Alicia K
Quit Claim Deed
related
—
Sep 20, 2002
—
Parnell,tr
Parnell,aaron U & Alicia K
Quit Claim Deed
related
—
Jan 2, 2002
$705,000
Aaron U Parnell
Rivene,zaida
Grant Deed
$352,500 · California Bank & Trust
Jun 15, 1989
$515,000
Zaida Rivene
Lewis,j.
Grant Deed
$361,000 · Borel Bank & Trust
—
—
Aaron U Parnell
—
Deed Of Trust
related
$292,000 · Bay Area Emp Development
—
—
Zaida Rivene
—
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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