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Property profile & analytics
OFF-MARKET
Estimated value
$1,740,000
Investment properties
41 3rd Ave San Mateo, CA 94401-4010
Individually Owned
~
Est. High Equity
Property ID
US10-2518150
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1937
Total area
6,613 SF
Lot
0.13 ac (5,560 SF)
Zoning code
CB000D
APN
034-142-190
UPID
US10-2518150
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
-
Plato's Closet San Mateo Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.74M
Owner & transaction history
Neil B Goodhue
Neil B Goodhue
since 2026
7 recorded transactions
Zoning & alternative use
CB000D · 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%
$2,230,000
6.5%
$2,060,000
7%
$1,915,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,530,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.74M
Range $1.57M – $1.91M · ±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
$263 / 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
$43,872
Tax year 2024
Assessed value
$3,724,407
Assessed 2024
Previous assessed
$3,724,407
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,929,030
Assessed improvement
$795,377
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1937
Heating
NONE
Stories
1
Total area
6,613 SF
Lot
0.13 ac (5,560 SF)
Zoning code
CB000D
APN
034-142-190
UPID
US10-2518150
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CB000D · San Mateo, CA
Zoning CB000D · permitted uses
CB000D · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$2.5M
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
1937
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Neil B Goodhue
Individual
Mailing address
PO BOX 11015, PIEDMONT, CA 94611-0015
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2026
—
Neil B Goodhue
Sandringham Trust
Deed
—
Oct 31, 2008
$2,950,000
Sandringham Trust
Syme Charles W & C J Trust
Grant Deed
—
Oct 20, 2008
—
Syme Charles W & C J Trust
Burke Junction LLC
Grant Deed
—
May 4, 2006
$2,950,000
Burke Junction LLC
Avtar S Johal
Grant Deed
$1,750,000 · Borel Private Bank & Trust Co
Sep 8, 2004
—
Johal Jagir K 2001 Trust
Johal,avtar S
Quit Claim Deed
related
—
Apr 10, 2002
$650,000
Johal Trust
Johal Trust
Grant Deed
related
—
Apr 10, 2002
$325,000
Johal Trust
Johal Trust
Grant Deed
related
—
Mar 28, 2002
—
Johal Trust
Johal Trust
Quit Claim Deed
related
—
Jun 29, 2001
—
Avtar S Johal
Johal,sukhbir K
Quit Claim Deed
related
$1,500,000 · East West Bank
Oct 30, 1998
—
Johal Trust
—
Deed Of Trust
related
$2,500,000 · United Commercial Bank
Jul 24, 1996
—
Johal Trust
—
Deed Of Trust
related
$1,339,000 · Pacific Bank NA
—
—
Johal,gurdial S Tr&avtar S Tr
—
Deed Of Trust
related
$170,000
—
—
Johal Family Tru
—
Deed Of Trust
related
$1,300,000 · Foothill Thrift & Loan
—
—
Johal Trust
—
Deed Of Trust
related
$100,000 · Sumitomo Bank
—
—
Sandringham Trust
—
Deed Of Trust
related
$1,770,000 · First Republic Bank
—
—
Sandringham Trust
—
Deed Of Trust
related
$1,670,000 · First Republic Bank
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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