Property profile

514 2nd Ave 522 Redwood City, CA 94063

OFF-MARKET
Manufacturing properties
Property ID
US09-2992564
1,454 SF 0.03 ac lot Built 1963
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1963
Total area 1,454 SF
Lot 0.03 ac (1,454 SF)
APN 114-300-060
UPID US09-2992564

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

514 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
$580k
CAP Approach CAP
by Request
Comparable Approach Comparable
$675k
Blend (final) Blend
$625k

Owner & transaction history

since 2020
Last sale
$799,000
3 recorded transactions
2020
$799,000
2016
Price N/A
2008
$330,000

Zoning & alternative use

Top alternative use upside
Office building $990,000 +112.1%
Neighborhood: shopping center $785,000 +68.0%
Commercial (general) $670,000 +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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