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Property profile & analytics
OFF-MARKET
Estimated value
$4,575,000
Investment properties
501 Broadway Millbrae, CA 94030-1988
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1802866
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1954
Total area
8,545 SF
Lot
0.44 ac (19,070 SF)
Zoning code
CL00C1
APN
024-114-040
UPID
US09-1802866
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
-
Honors Landscaping Landscaping General Contractor
-
Brittany Huynh, Esq Law Firm
-
★ BSTPE.US ★ Corporate Office
-
United States Postal Service Shipping And Mailing Service Post Office
-
Rhys Bail Bonds Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.60M
CAP Approach
CAP
$4.25M
Comparable Approach
Comparable
$5.28M
Blend (final)
Blend
$4.58M
Owner & transaction history
Western Postal Realty Holdings LLC · 4 yrs held
Western Postal Realty Holdings LLC
since 2022
Last sale
$4.8M
4 recorded transactions
Zoning & alternative use
CL00C1 · Millbrae, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.8M
+46.3%
Office building
$5.5M
+38.8%
Neighborhood: shopping center
$4.6M
+16.8%
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 Millbrae submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millbrae 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
$4,380,000
ML approach
$4,600,000
CAP Approach
CAP Return
Estimation
6%
$4,600,000
6.5%
$4,245,000
7%
$3,945,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,950,000
Current use
RESTAURANT
$5,780,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$5,480,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,610,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$4,345,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,880,000
Change: -2% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,270,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$4.58M
Range $4.12M – $5.03M · ±10% · vs last sale $4.83M (Jun 2 2022)
Last sale anchor
$4.83M
Jun 2 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
$535 / 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
$57,922
Tax year 2024
Assessed value
$5,019,930
Assessed 2024
Previous assessed
$5,019,930
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$3,844,278
Assessed improvement
$1,175,652
Applied tax rate
14.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1954
Heating
NONE
Stories
1
Total area
8,545 SF
Lot
0.44 ac (19,070 SF)
Zoning code
CL00C1
APN
024-114-040
UPID
US09-1802866
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL00C1 · Millbrae, CA
Zoning CL00C1 · permitted uses
CL00C1 · Millbrae, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millbrae. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.0M
RESTAURANT
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
RETAIL STORES
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.3M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1954
Heating
NONE
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Western Postal Realty Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
75 COLUMBIA AVE, CEDARHURST, NY 11516-2011
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
$4,825,000
Western Postal Realty Holdings LLC
Moss Properties LLC
Grant Deed
—
Dec 19, 1995
—
Jori A Benjamin
Moss,thelma A
Grant Deed
related
—
Oct 18, 1995
$11,500
Benjamin,jori A & John T
Moss,thelma
Trustees Deed
—
Oct 18, 1995
—
Moss Properties
Moss,thelma
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.
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