Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    519 Commercial Ave South San Francisco, CA 94080-3485
    Back to Search
    Property profile & analytics

    519 Commercial Ave, South San Francisco, CA 94080-3485

    View on Map
    • Apartment buildings
    • 9,591 SF
    • 0.21 lot acres
    Off-Market
    Last Sale Aug 24, 2022
    $4,400,000
    Property ID
    US09-2250695
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,940,000
    Show details
    Cap Rate Potential
    6.6%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Mary Alva Cleaning Services / (Bike/Boat/Book/etc) Store

    Property Details for 519 Commercial Ave

    Year built
    1962
    Lot size
    0.21 lot acres
    Property type
    Apartment buildings
    APN
    012-271-170
    APU
    12271170

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 24, 2022 $4,400,000 Kamal Taj Eldin John L Worthing Grant Deed $250k · Jpmorgan Chase Bank NA
    Aug 24, 2022 — John L Worthing Katherine T Worthing Intrafamily Transfer · related —
    Feb 25, 2019 $4,500,000 Worthing 1992 Family Trust Kletter C & N L/tr Grant Deed $2.8M · Avidbank
    May 4, 2018 $3,600,000 Cary Kletter David Sciandri Grant Deed $1.6M · First Republic Bank
    Feb 12, 2018 — David Sciandri Shelter Doris J S C Trust Quit Claim Deed · related —
    Jul 1, 2014 $825,000 Sciandri,doris J Trust Sciandri Doris J Trust Grant Deed · related —
    Jul 26, 2007 — Sciandri Doris J Trust Sciandri Family Trust Quit Claim Deed · related —
    Sep 10, 1996 — Sciandri Trust Sciandri,ronald R Quit Claim Deed · related —
    Aug 6, 1996 — Ronald R Sciandri Ronald R Sciandri Trustee Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,940,000
      ML approach
      $3,935,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,350,000
      6.5%
      $4,015,000
      7%
      $3,730,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,855,000
      Market price range: $1.44M - $3.86M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,765,000
      Current use
      RESTAURANT
      $6,485,000
      Change: +135% Conversion: Difficult
      OFFICE BUILDING
      $6,150,000
      Change: +122% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $5,175,000
      Change: +87% Conversion: Difficult
      RETAIL STORES
      $4,875,000
      Change: +76% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,430,000
      Change: +60% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $4,355,000
      Change: +58% Conversion: Difficult
      WAREHOUSE, STORAGE
      $4,125,000
      Change: +49% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South San Francisco
    County
    San Mateo
    State
    California
    Longitude
    -122.418
    Latitude
    37.6545
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $51,742
    $2,805,000
    $1,683,000
    $4,488,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      17 Marcie Cir

      APARTMENT HOUSE (5+ UNITS)
      17 Marcie Cir, South San Francisco, CA 94080
      View Details
    • Value Estimation by Request
      0.40 Acres

      216 Miller Ave

      APARTMENT HOUSE (5+ UNITS)
      216 Miller Ave, South San Francisco, CA 94080-3721
      View Details
    • Value Estimation
      $2,065,000
      8,663 SF

      112 Magnolia Ave

      APARTMENT HOUSE (5+ UNITS)
      112 Magnolia Ave, South San Francisco, CA 94080-3447
      View Details
    • Value Estimation
      $6,630,000
      28,830 SF

      65 Chestnut Ave

      APARTMENT HOUSE (5+ UNITS)
      65 Chestnut Ave, South San Francisco, CA 94080-8200
      View Details
    • Value Estimation
      $1,200,000
      6,248 SF

      567 Commercial Ave

      APARTMENT HOUSE (5+ UNITS)
      567 Commercial Ave, South San Francisco, CA 94080-3478
      View Details
    • Value Estimation
      $24,730,000
      109,625 SF

      211 Airport Blvd

      APARTMENT HOUSE (5+ UNITS)
      211 Airport Blvd, South San Francisco, CA 94080-4741
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,017 SF

      South San Francisco Apartment Building

      7-unit apartment building in booming downtown South San Francisco.
      515 Baden Ave, South San Francisco, CA 94080
      View Details
    • Contact for pricing
      7,924 SF

      South San Francisco Multifamily Investment

      Seven-unit multifamily property in downtown South San Francisco.
      Baden Ave, South San Francisco, CA 94080
      View Details
    • $2,395,000
      7,017 SF

      South San Francisco Apartment Building

      7-unit apartment building in South San Francisco's downtown area.
      515 Baden Ave, South San Francisco, CA 94080
      View Details
    • Contact for pricing

      South San Francisco Investment Property

      Multifamily property with great investment potential in South San Francisco.
      332 Commercial Ave, South San Francisco, CA 94080
      View Details
    • $1,298,000
      1,584 SF

      Mixed-Use Property with Restaurant

      Mixed-use property with a long-standing restaurant and residential unit.
      231 Lux Ave, South San Francisco, CA 94080
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      124,000 SF

      South San Francisco Warehouse Space

      Warehouse space with highway visibility near downtown and life science.
      720 Dubuque Ave, South San Francisco, CA 94080
      View Details
    • Contact for pricing
      15,212 SF

      South San Francisco Specialty Property

      Specialty property available for rent in South San Francisco.
      201 Haskins Way, South San Francisco, CA 94080
      View Details
    • $1.70 SF/Yr
      2,503 SF

      South San Francisco Industrial Space

      Industrial space available for lease in South San Francisco.
      250 South Maple Ave, South San Francisco, CA 94080
      View Details
    • Contact for pricing
      11,760 SF

      South San Francisco Flex Space

      11,760 SF flex space with office and warehouse areas.
      300-332 Littlefield Ave, South San Francisco, CA 94080
      View Details
    • Contact for pricing
      41,077 SF

      South San Francisco Lab Space

      Equipped lab space available for lease in South San Francisco.
      951 Gateway Blvd, South San Francisco, CA 94080
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    519 Commercial Ave
    South San Francisco, CA 94080-3485
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    519 Commercial Ave, South San Francisco, CA, 94080
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!