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Property profile & analytics
FOR LEASE
Gas stations
435 E 3Rd Ave San Mateo, CA 94401
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-1829257
For Lease
1 / 2
Contact for pricing
435 E 3Rd Ave, San Mateo, CA 94401
View Listing →
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1960
Total area
1,200 SF
Lot
0.25 ac (10,979 SF)
Zoning code
CH0C42
APN
034-181-160
UPID
US09-1829257
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
-
Swift Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
435 East 3rd Owner LLC · 2 yrs held
435 East 3rd Owner LLC
since 2024
7 recorded transactions
Zoning & alternative use
CH0C42 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$67,055
Tax year 2024
Assessed value
$5,814,000
Assessed 2024
Previous assessed
$5,814,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$5,803,800
Assessed improvement
$10,200
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
For Lease
Year built
1960
Heating
NONE
Total area
1,200 SF
Lot
0.25 ac (10,979 SF)
Zoning code
CH0C42
APN
034-181-160
UPID
US09-1829257
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CH0C42 · San Mateo, CAZoning CH0C42 · permitted uses
CH0C42 · San Mateo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Lot
0.25 ac
Current owner
From public records · entity-resolved
435 East 3rd Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
—
435 East 3rd Owner LLC
—
Deed
related
$200,000 · Nikols Mortgage Fund LLC
Jan 31, 2024
—
435 East 3rd Owner LLC
Spieker Commercial LLC
Grant Deed
—
Nov 17, 2022
$5,700,000
Spieker Commercial LLC
Lisa Cook
Grant Deed
$3,420,000 · Heritage Bank Of Commerce
Nov 17, 2022
—
Lisa Cook
Lisa Cook
Intrafamily Transfer
related
—
Dec 20, 2021
—
Kelly Mcloughlin
Sondra Lee Strebel
Gift Deed
related
—
Dec 8, 2020
—
Mcloughlin,p & K 2016 Trust
Strebel 2002 Family Trust
Quit Claim Deed
related
—
May 7, 2018
—
Strebel 2002 F & Tr Bypass Trust
Strebel 2002 Family Trust
Quit Claim Deed
related
—
Sep 9, 2002
—
Strebel,tr
Strebel,fred G
Quit Claim Deed
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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