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Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Super regional malls
490 El Camino Real Redwood City, CA 94062-1779
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3020831
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2004
Total area
9,600 SF
Lot
0.79 ac (34,212 SF)
Zoning code
CH00CG
APN
052-082-550
UPID
US10-3020831
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
-
Starbucks Cafe & Coffee Shop
-
Rush My Passport Travel Agency
-
Burma Spice Restaurant
-
FedEx Office Print & Ship Center Courier Service Postal Service
-
T-Mobile Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$2.15M
Owner & transaction history
Yat Fei Lee · 2 yrs held
Yat Fei Lee
since 2024
Last sale
$2.2M
6 recorded transactions
Zoning & alternative use
CH00CG · Redwood City, 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 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
$2,150,000
ML approach
$2,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.15M
Range $1.94M – $2.37M · ±10% · vs last sale $2.15M (Jul 5 2024)
Last sale anchor
$2.15M
Jul 5 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
$224 / 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
$86,130
Tax year 2024
Assessed value
$7,789,534
Assessed 2024
Previous assessed
$7,789,534
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,074,814
Assessed improvement
$4,714,720
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
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Total area
9,600 SF
Lot
0.79 ac (34,212 SF)
Zoning code
CH00CG
APN
052-082-550
UPID
US10-3020831
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CH00CG · Redwood City, CAZoning CH00CG · permitted uses
CH00CG · Redwood City, 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
2004
Heating
NONE
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Yat Fei Lee
Individual
Free & Clear · 2 yrs held
Mailing address
1722 HERSCHEL ST, SAN MATEO, CA 94403-1011
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2024
—
Yat Fei Lee
Yat Fei Lee
Intrafamily Transfer
related
—
Jul 13, 2004
—
Sfp Whipple LLC
H/s Whipple LLC
Grant Deed
related
—
Jun 6, 2003
—
H/s Whipple LLC
Strong,tr
Grant Deed
related
$3,150,000 · Mid Peninsula Bank
May 23, 1996
—
Donna J Lee
Lee,gene W & Mary H
Quit Claim Deed
related
—
Oct 22, 1993
—
Dwight Strong Trustee
Strong,dwight V
Quit Claim Deed
related
—
Nov 18, 1988
$2,150,000
Gene W Lee
Unknown
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.
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