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Property profile & analytics
OFF-MARKET
Estimated value
$3,750,000
Apartment buildings
412 Laurel St, San Carlos, CA 94070-2428
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-3040744
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Total area
8,787 SF
Lot
0.19 ac (8,138 SF)
Zoning code
R30000
APN
050-071-060
UPID
US09-3040744
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.57M
CAP Approach
CAP
$3.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.75M
Owner & transaction history
Oyster & Oyster Investments LLC · 3 yrs held
Oyster & Oyster Investments LLC
since 2022
Last sale
$4.0M
5 recorded transactions
Zoning & alternative use
R30000 · San Carlos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.9M
+48.5%
Office building
$5.6M
+40.9%
Neighborhood: shopping center
$4.7M
+18.5%
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
$3,560,000
ML approach
$3,565,000
CAP Approach
CAP Return
Estimation
6%
$3,985,000
6.5%
$3,680,000
7%
$3,415,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,000,000
Current use
RESTAURANT
$5,940,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$5,635,000
Change: +41% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,740,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,060,000
Change: +2% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,990,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.75M
Range $3.38M – $4.13M · ±10% · vs last sale $3.98M (Apr 5 2022)
Last sale anchor
$3.98M
Apr 5 2022
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
$427 / 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
$57,078
Tax year 2024
Assessed value
$4,135,590
Assessed 2024
Previous assessed
$4,135,590
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$2,913,120
Assessed improvement
$1,222,470
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1977
Heating
NONE
Stories
3
Units
7
Rooms
24
Bathrooms
8
Total area
8,787 SF
Lot
0.19 ac (8,138 SF)
Zoning code
R30000
APN
050-071-060
UPID
US09-3040744
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R30000 · San Carlos, CA
Zoning R30000 · permitted uses
R30000 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.0M
RESTAURANT
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1977
Heating
NONE
Stories
3
Units
7
Rooms
24
Bathrooms
8
Lot
0.19 ac
Current owner
From public records · entity-resolved
Oyster & Oyster Investments LLC
Entity
Mailing address
412 LAUREL ST, SAN CARLOS, CA 94070-2428
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2022
—
Oyster & Oyster Investments LLC
Oyster & Oyster Investments LLC
Correction Deed
related
$2,355,000 · Tri Counties Bank
Apr 5, 2022
$3,975,000
Oyster & Oyster Investments LLC
Dan Ping
Grant Deed
—
Oct 9, 1992
—
Ping Dan&sue Trustee
Ping,dan & Sue S
Quit Claim Deed
related
—
Nov 16, 1990
$884,000
Dan Ping
412 Laurel Stree
Grant Deed
$480,000 · Glendale Federal Bank
—
—
Lynne Bunch
—
Deed Of Trust
related
$95,000 · Wells Fargo 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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