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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Sports & entertainment properties
515 Veterans Blvd Redwood City, CA 94063-1121
Trust Owned
2-yr Hold
Free & Clear
Property ID
US09-1999174
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1963
Total area
22,630 SF
Lot
1.58 ac (68,831 SF)
Zoning code
ML00IP
APN
052-401-020
UPID
US09-1999174
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
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$486k
Blend (final)
Blend
$570k
Owner & transaction history
The Sherman Family Trust · 2 yrs held
The Sherman Family Trust
since 2023
7 recorded transactions
Zoning & alternative use
ML00IP · Redwood City, 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 Redwood City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redwood City 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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$525,000
Current use
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$25 / 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
$37,688
Tax year 2024
Assessed value
$3,396,349
Assessed 2024
Previous assessed
$3,396,349
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,752,478
Assessed improvement
$643,871
Applied tax rate
9.0000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1963
Heating
NONE
Stories
1
Total area
22,630 SF
Lot
1.58 ac (68,831 SF)
Zoning code
ML00IP
APN
052-401-020
UPID
US09-1999174
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
ML00IP · Redwood City, CA
Zoning ML00IP · permitted uses
ML00IP · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redwood City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$525,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
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
1963
Heating
NONE
Stories
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
The Sherman Family Trust
Trust
Free & Clear · 2 yrs held
Mailing address
PO BOX 1597, BRENTWOOD, CA 94513-3597
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2023
—
The Sherman Family Trust
Robert M Sherman
Intrafamily Transfer
related
—
Feb 3, 2022
—
Amber E Martinez
Amber Martinez
Intrafamily Transfer
related
—
Dec 24, 2021
—
Janis I Sherman
Janis I Sherman
Intrafamily Transfer
related
—
May 15, 2018
—
Arrigoni Family Trust
Arrigoni,william L
Affidavit Of Death
related
—
Apr 17, 2018
—
Arrigoni,gerald C Trust
Arrigoni Gerald C
Affidavit Of Death
related
—
Apr 4, 2017
—
Arrigoni,gerald C Trust
Arrigoni,jerry
Quit Claim Deed
related
—
Mar 2, 2017
—
Arrigoni Family Trust
Arrigoni,william
Quit Claim Deed
related
—
Jan 25, 2016
—
Shapet,elayne M Trust
Shapet,elayne A
Quit Claim Deed
related
—
Aug 4, 2011
—
Nelson 1999 Family Trust
Nelson 1999 Family Trust
Quit Claim Deed
related
—
Dec 1, 2004
—
Nelson 1999 Trust
Nelson,dennis S & Francine E
Quit Claim Deed
related
—
Dec 31, 2003
—
Janis I Sherman
Sherman,tr
Quit Claim Deed
related
—
Sep 24, 2001
—
Elayne A Shapet
Nelson Trust
Grant Deed
related
—
Apr 19, 2001
—
Sherman Trust
Robert M Sherman Trustee
Quit Claim Deed
related
—
Mar 9, 2001
—
Dennis S Nelson
Nelson,francine E
Quit Claim Deed
related
—
Jul 14, 1999
—
Sherman Trust
Sherman,lois M
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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