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Property profile & analytics
FOR LEASE
Office buildings
520 El Camino Real San Mateo, CA 94402
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-1971862
For Lease
1 / 2
$43,520,000
520 El Camino Real, San Mateo, CA 94402
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1965
Total area
139,073 SF
Lot
0.73 ac (31,938 SF)
Zoning code
CL00C1
APN
034-122-450
UPID
US09-1971862
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
-
WestBridge Capital Financial Advisor
-
Observe, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
San Mateo Auto Accident Injury Clinic Medical Clinic
-
Bay Area Pain Relief Center Physician
-
Slavsky Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$44.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$43.52M
Owner & transaction history
Westlake Dmd LLC · 7 yrs held
Westlake Dmd LLC
since 2019
6 recorded transactions
Zoning & alternative use
CL00C1 · San Mateo, 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 San Mateo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Mateo 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
by Request
CAP Approach
CAP Return
Estimation
6%
$48,035,000
6.5%
$44,340,000
7%
$41,175,000
Blend value · Realmo final
$43.52M
Range $39.17M – $47.87M · ±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
$313 / 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
$1,382,528
Tax year 2024
Assessed value
$121,852,683
Assessed 2024
Previous assessed
$121,852,683
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$10,907,506
Assessed improvement
$110,945,177
Applied tax rate
12.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1965
Heating
NONE
Stories
9
Total area
139,073 SF
Lot
0.73 ac (31,938 SF)
Zoning code
CL00C1
APN
034-122-450
UPID
US09-1971862
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL00C1 · San Mateo, CA
Zoning CL00C1 · permitted uses
CL00C1 · San Mateo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Mateo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Stories
9
Lot
0.73 ac
Current owner
From public records · entity-resolved
Westlake Dmd LLC
Entity
Mailing address
PO BOX 130667, CARLSBAD, CA 92013-0667
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2019
—
Westlake Dmd LLC
Westlake Dmd LLC
Quit Claim Deed
related
$73,100,000 · Miscellaneous Ins Co
Jan 18, 2019
—
Westlake Dmd LLC
Chang Income Property Ptshp LP
Correction Deed
related
—
May 31, 2011
—
Westlake Dmd LLC
—
Deed Of Trust
related
$11,250,000 · Hsbc Bank USA
May 25, 2011
—
Westlake Dmd LLC
Chang Income Property Ptshp LP
Grant Deed
—
Jul 20, 2006
—
Chang Income Property Ptshp
Chang Income Property Ptshp
Quit Claim Deed
related
—
May 5, 1992
$4,931,000
Chang Income Property
Dmd Company
Grant Deed
$72,400,000 · Citicorp USA Corp
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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