Property profile

510 2nd Ave 522 Redwood City, CA 94063

OFF-MARKET
Manufacturing properties
Property ID
US09-2778884
1,606 SF 0.04 ac lot Built 1963
Individually Owned 4-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1963
Total area 1,606 SF
Lot 0.04 ac (1,606 SF)
APN 114-300-030
UPID US09-2778884

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

510 2nd Ave, Unit 522 Redwood City, CA 94063-3848
Redwood City metro Census 610602 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$895k
CAP Approach CAP
$1.13M
Comparable Approach Comparable
$745k
Blend (final) Blend
$745k

Owner & transaction history

since 2021
Last sale
$920,000
4 recorded transactions
2021
$920,000
2016
$658,500
2012
Price N/A
2007
$400,000

Zoning & alternative use

Top alternative use upside
Office building $1.1M +112.1%
Neighborhood: shopping center $865,000 +68.0%
Commercial (general) $740,000 +43.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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