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Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Office buildings
504 Ave Alhambra El Granada, CA 94018-8133
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1786870
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1999
Total area
8,050 SF
Lot
0.25 ac (11,007 SF)
Zoning code
C1-S3
APN
047-204-120
UPID
US09-1786870
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.14M
Owner & transaction history
San Mateo County Harbor District · 4 yrs held
San Mateo County Harbor District
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
C1-S3 · El Granada, 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 El Granada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Granada 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
$2,705,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,585,000
6.5%
$4,230,000
7%
$3,930,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,165,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,345,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±10% · vs last sale $2.98M (Mar 31 2022)
Last sale anchor
$2.98M
Mar 31 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
$389 / 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
$932
Tax year 2024
Applied tax rate
87.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1999
Heating
NONE
Stories
3
Total area
8,050 SF
Lot
0.25 ac (11,007 SF)
Zoning code
C1-S3
APN
047-204-120
UPID
US09-1786870
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C1-S3 · El Granada, CA
Zoning C1-S3 · permitted uses
C1-S3 · El Granada, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Granada. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
OFFICE BUILDING Current
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
1999
Heating
NONE
Stories
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
San Mateo County Harbor District
Entity
Mailing address
504 AVE ALHAMBRA, EL GRANADA, CA 94018-8133
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
$2,980,000
San Mateo County Harbor District
Working Dirt R2 LLC
Grant Deed
—
Mar 27, 2018
—
Maximo Investments LLC
—
Grant Deed
related
$2,000,000 · Pie Rosenbledt Trust (pt)
Mar 7, 2018
$610,000
Working Dirt R2 LLC
Working Dirt R2 LLC
Grant Deed
related
—
Feb 5, 2016
$1,220,000
Working Dirt R2 LLC
Working Dirt LLC
Grant Deed
—
Jun 20, 2014
—
Working Dirt LLC
Alaw
Trustees Deed
related
$1,000,000 · Hiss Paul W 2001 Trust (pt)
Mar 31, 2005
—
Cresson David V Trust
Cresson,david V
Quit Claim Deed
related
—
Nov 10, 2003
$1,900,000
Marlborough Group LLC
Cresson,david V
Grant Deed
$1,330,000 · Community Commerce Bank
Dec 1, 1998
—
David V Cresson
Cresson,sheila J
Quit Claim Deed
related
$890,000 · Borel Bank & Trust
May 3, 1996
$50,000
Kulda Development
Cresson Trust
Grant Deed
related
—
Apr 9, 1993
$22,000
Cresson,david Trustee
Shapira,e.&s. Tr
Quit Claim Deed
related
—
—
—
Working Dirt LLC
—
Deed Of Trust
related
$500,000 · Esther Eames LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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