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Property profile & analytics
OFF-MARKET
Estimated value
$3,950,000
Warehouses
517 Bayshore Rd Redwood City, CA 94063-2717
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0255953
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1962
Total area
9,888 SF
Lot
0.46 ac (20,010 SF)
Zoning code
IR0000
APN
052-520-020
UPID
US09-0255953
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
-
Artwel Electric, Inc Factory Industrial Manufacturer
-
MP Husky Cable Tray & Cable Bus Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.18M
Blend (final)
Blend
$3.95M
Owner & transaction history
Am Party Rentals INC · 1 yrs held
Am Party Rentals INC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
IR0000 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.3M
+64.7%
Commercial (general)
$4.6M
+41.1%
Auto repair, garage
$4.5M
+38.7%
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
$3,950,000
ML approach
$3,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,240,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,335,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,570,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,490,000
Change: +39% · Conversion: Easy
RETAIL STORES
$4,275,000
Change: +32% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,175,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$3.95M
Range $3.56M – $4.35M · ±10% · vs last sale $3.95M (Sep 23 2024)
Last sale anchor
$3.95M
Sep 23 2024
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
$399 / 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
$19,599
Tax year 2024
Assessed value
$1,762,184
Assessed 2024
Previous assessed
$1,762,184
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$846,025
Assessed improvement
$916,159
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1962
Heating
NONE
Total area
9,888 SF
Lot
0.46 ac (20,010 SF)
Zoning code
IR0000
APN
052-520-020
UPID
US09-0255953
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
IR0000 · Redwood City, CA
Zoning IR0000 · permitted uses
IR0000 · 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
WAREHOUSE, STORAGE Current
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RETAIL STORES
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1962
Heating
NONE
Lot
0.46 ac
Current owner
From public records · entity-resolved
Am Party Rentals INC
Entity
Mailing address
990 BEECHER ST, SAN LEANDRO, CA 94577-1250
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2024
$3,950,000
Am Party Rentals INC
517 E Bayshore LLC
Grant Deed
$2,330,000 · 517 E Bayshore LLC
Feb 22, 2021
—
517 E Bayshore LLC
Jay Arthur Wells
Intrafamily Transfer
related
—
Dec 31, 2010
—
Jay A Wells
Wells J A Family Trust
Quit Claim Deed
related
—
Dec 7, 2010
—
Wells J Arthur Family Trust
Wells 1986 Trust
Quit Claim Deed
related
—
Nov 5, 2010
—
Wells 1986 Trust
Wells,j Arthur & Donna L
Quit Claim Deed
related
—
Sep 12, 2005
—
Jay Wells
Wells,marian M
Quit Claim Deed
related
$650,000 · Citibank West Fsb
Aug 5, 2003
$170,000
Amy Wells
Jay,thomas
Grant Deed
—
Aug 1, 2003
$160,000
Jay Wells
Molina,edward E & Patricia M
Grant Deed
$160,000 · Edward E & Patricia M Molina
Feb 1, 1996
—
Edward O Molina
Molina,edward O & Patricia M
Quit Claim Deed
related
—
—
—
Edward O Molina
—
Deed Of Trust
related
$467,911 · California Federal 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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