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Property profile & analytics
OFF-MARKET
Estimated value
$2,530,000
Office buildings
501 Laurel St, San Carlos, CA 94070-2415
Trust Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2171024
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1956
Total area
5,650 SF
Lot
0.33 ac (14,500 SF)
APN
050-074-210
UPID
US09-2171024
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
-
Vca Holly Street Animal Hospital: Bower James DVM Veterinary Clinic
-
Holly Street Pet Hospital: Blasier Megan DVM Veterinary Clinic
-
VCA Holly Street Animal Hospital: Walker Annie DVM Veterinary Clinic
-
Fischer Camille DVM Veterinary Clinic
-
VCA Holly Street Animal Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.53M
Owner & transaction history
Grover Family Trust · 9 yrs held
Grover Family Trust
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.2M
+15.4%
Restaurant
$3.8M
+5.4%
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 Carlos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Carlos 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,215,000
6.5%
$2,970,000
7%
$2,755,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,625,000
Current use
RETAIL STORES
$4,185,000
Change: +15% · Conversion: Moderate
RESTAURANT
$3,820,000
Change: +5% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,050,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.53M
Range $2.28M – $2.78M · ±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
$448 / 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
$74,494
Tax year 2024
Assessed value
$5,855,150
Assessed 2024
Previous assessed
$5,855,150
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$5,048,547
Assessed improvement
$806,603
Applied tax rate
11.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1956
Heating
NONE
Stories
1
Total area
5,650 SF
Lot
0.33 ac (14,500 SF)
APN
050-074-210
UPID
US09-2171024
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.6M
RETAIL STORES
Est. value
$4.2M
RESTAURANT
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
OFFICE BUILDING Current
RETAIL STORES
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1956
Heating
NONE
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Grover Family Trust
Trust
Mailing address
321 ORCH DR, FREMONT, CA 94536-4433
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
—
Grover Family Revocable Trust
—
Deed
related
$2,100,000
Apr 3, 2017
—
Grover Family Trust
Grover,subhash & Saroj
Quit Claim Deed
related
—
Aug 16, 2016
—
Subhash Grover
—
Deed
related
$850,000 · Scott Weiss
Mar 23, 2016
$5,045,000
Subhash Grover
Equivest Properties LLC
Grant Deed
$2,550,000 · Opus Bank
Jul 23, 2015
—
Wayne Browning
Browning,anna M
Quit Claim Deed
related
—
Jan 18, 2008
—
Equivest Properties LLC
Browning Family Trust
Quit Claim Deed
related
—
Oct 12, 2007
—
Browning Family Trust
Browning,wayne N II & Anna M
Quit Claim Deed
related
—
May 30, 2003
—
Wayne N Browning
Browning,wayne N & Anna M
Quit Claim Deed
related
—
Nov 1, 1989
—
M. Goumas
Goumas,m.
Quit Claim Deed
related
$465,000 · Union Bank
—
—
Wayne N Browning
—
Deed Of Trust
related
$15,000 · Pacific Caost Pet Hospitl INC
—
—
M. Goumas
—
Deed Of Trust
related
$100,000 · Cupertino National Bank
—
—
Equivest Properties LLC
—
Deed Of Trust
related
$1,799,900 · East West Bk
—
—
Subhash Grover
—
Deed Of Trust
related
$850,000 · Scott Weiss
—
—
Wayne N Browning
—
Deed Of Trust
related
$995,000 · Us Bank NA
—
—
M. Goumas
—
Deed Of Trust
related
—
—
—
M. Goumas
—
Deed Of Trust
related
$465,000 · Union Bank
—
—
Equivest Properties LLC
—
Deed Of Trust
related
$1,100,000 · Sunwest Bank
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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