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Property profile & analytics
OFF-MARKET
Estimated value
$5,800,000
Apartment buildings
417 Harrison Ave Redwood City, CA 94062-1092
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1284249
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Total area
15,958 SF
Lot
0.24 ac (10,400 SF)
Zoning code
R40000
APN
053-035-240
UPID
US09-1284249
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
-
Rahul HP Apartment Building
-
Bullzeye Studios Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.80M
CAP Approach
CAP
$6.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.80M
Owner & transaction history
417 Harrison Avenue LLC · 2 yrs held
417 Harrison Avenue LLC
since 2024
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
R40000 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.6M
+51.3%
Commercial (general)
$7.4M
+29.5%
Auto repair, garage
$7.3M
+27.3%
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 Redwood City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redwood City 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
$5,800,000
ML approach
$5,800,000
CAP Approach
CAP Return
Estimation
6%
$7,240,000
6.5%
$6,680,000
7%
$6,205,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,695,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,610,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,375,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,250,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$6,900,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,230,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$5.80M
Range $5.22M – $6.38M · ±10% · vs last sale $5.80M (Jun 21 2024)
Last sale anchor
$5.80M
Jun 21 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
$363 / 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
$69,052
Tax year 2024
Assessed value
$6,242,400
Assessed 2024
Previous assessed
$6,242,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,080,800
Assessed improvement
$4,161,600
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1961
Heating
NONE
Stories
3
Units
15
Rooms
50
Bathrooms
15
Total area
15,958 SF
Lot
0.24 ac (10,400 SF)
Zoning code
R40000
APN
053-035-240
UPID
US09-1284249
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R40000 · Redwood City, CA
Zoning R40000 · permitted uses
R40000 · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redwood City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$7.3M
RETAIL STORES
Est. value
$6.9M
WAREHOUSE, STORAGE
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1961
Heating
NONE
Stories
3
Units
15
Rooms
50
Bathrooms
15
Lot
0.24 ac
Current owner
From public records · entity-resolved
417 Harrison Avenue LLC
Entity
Mailing address
1325 HOWARD AVE #329, BURLINGAME, CA 94010-4212
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2024
$5,800,000
417 Harrison Avenue LLC
Harrison Rwc Partners LLC
Grant Deed
$2,000,000 · Jpmorgan Chase Bank NA
Dec 1, 2021
—
Rf Warehouse I LLC
Riverbend Funding LLC
Assignment Of Deed
—
Nov 3, 2021
$6,000,000
Harrison Rwc Partners LLC
143 151 E Main St LLC
Grant Deed
$4,971,120 · Riverbend Funding LLC
Aug 18, 2021
—
143 151 E Main St LLC
—
Deed
related
$14,300,000 · Lone Oak Fund LLC
Jul 30, 2021
$5,000,000
143 151 E Main St LLC
Sandra J Lashly
Grant Deed
$14,300,000 · Lone Oak Fund LLC
Jun 1, 2016
—
Sandra J Lashly
Sandra J Lashly
Intrafamily Transfer
related
$2,940,000 · Jpmorgan Chase Bank NA
May 9, 2012
—
Lashly Family Trust
Lashly Family Trust
Quit Claim Deed
related
—
Jun 1, 2011
—
Sandra J Lashy
Lashly,larry G
Affidavit Of Death
related
—
Jul 1, 2004
—
Lashly,tr
Lashly,larry G & Sandra J
Quit Claim Deed
related
—
—
—
Larry G Lashly
—
Deed Of Trust
related
$690,000 · Home Savings Of America
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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