Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,255,000
Warehouses
451 Eccles Ave South San Francisco, CA 94080-1902
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3269760
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
25,502 SF
Lot
1.04 ac (45,490 SF)
Zoning code
MH00M2
APN
015-071-320
UPID
US10-3269760
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
-
Mountain View Staging Marketing & Advertising Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.14M
Blend (final)
Blend
$10.26M
Owner & transaction history
Bmr Gateway Of Pacific V LP · 1 yrs held
Bmr Gateway Of Pacific V LP
since 2025
7 recorded transactions
Zoning & alternative use
MH00M2 · South San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$16.4M
+49.2%
Neighborhood: shopping center
$13.8M
+25.5%
Retail stores
$13.0M
+18.2%
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 South San Francisco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South San Francisco 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
$11,695,000
ML approach
$7,935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,970,000
Current use
OFFICE BUILDING
$16,360,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,760,000
Change: +25% · Conversion: Moderate
RETAIL STORES
$12,970,000
Change: +18% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,785,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,585,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$10.26M
Range $9.23M – $11.28M · ±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
$402 / 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
$59,899
Tax year 2024
Assessed value
$5,231,579
Assessed 2024
Previous assessed
$5,231,579
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$4,006,167
Assessed improvement
$1,225,412
Applied tax rate
13.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
NONE
Total area
25,502 SF
Lot
1.04 ac (45,490 SF)
Zoning code
MH00M2
APN
015-071-320
UPID
US10-3269760
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
MH00M2 · South San Francisco, CA
Zoning MH00M2 · permitted uses
MH00M2 · South San Francisco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South San Francisco. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$11.0M
OFFICE BUILDING
Est. value
$16.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.8M
RETAIL STORES
Est. value
$13.0M
COMMERCIAL (GENERAL)
Est. value
$11.8M
AUTO REPAIR, GARAGE
Est. value
$11.6M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1978
Heating
NONE
Lot
1.04 ac
Current owner
From public records · entity-resolved
Bmr Gateway Of Pacific V LP
Entity
Free & Clear · 1 yrs held
Mailing address
1800 WAZEE ST, DENVER, CO 80202-1577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2025
—
Bmr Gateway Of Pacific V LP
Prologis Uslv Newca 2 LLC
Deed
—
Dec 23, 2022
—
Bmr 475 Eccles Avenue LLC
Pacific Gas And Electric Company
Quit Claim Deed
related
—
Jun 2, 2015
$15,844,500
Prologis Uslv Newca 2 LLC
Ktr San Fran LLC
Grant Deed
—
Dec 30, 2014
—
Ktr San Fran LLC
Gdd Industries LLC
Quit Claim Deed
—
Apr 24, 2007
$6,400,000
Gdd Industries LLC
Mardikian,anita N
Grant Deed
—
Apr 24, 2007
—
Anita N Mardikain
Pichler,josef P
Grant Deed
related
—
Aug 28, 1990
$1,775,000
Anita Mardikian
Nickel,j.
Grant Deed
—
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?”
You own 451 Eccles Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
