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Property profile & analytics
OFF-MARKET
Estimated value
$5,275,000
Warehouses
550 Quarry Rd San Carlos, CA 94070-6221
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2313657
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Total area
62,496 SF
Lot
2.68 ac (116,750 SF)
Zoning code
ML00M1
APN
046-041-360
UPID
US09-2313657
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
-
Vocational Rehabilitation Services Rehabilitation Center
-
San Mateo County Human Services County Government Office
-
Gino Inesi Marriage Or Relationship Counselor
-
Tennille Tucker Foster Care Service Social Service Agency
-
San Mateo County Offices Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.28M
Owner & transaction history
550 Quarry Road LLC · 17 yrs held
550 Quarry Road LLC
since 2009
7 recorded transactions
Zoning & alternative use
ML00M1 · San Carlos, 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 Carlos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Carlos 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$84 / 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
$89,274
Tax year 2024
Assessed value
$6,879,686
Assessed 2024
Previous assessed
$6,879,686
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$3,534,716
Assessed improvement
$3,344,970
Applied tax rate
11.0000
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
1983
Heating
NONE
Total area
62,496 SF
Lot
2.68 ac (116,750 SF)
Zoning code
ML00M1
APN
046-041-360
UPID
US09-2313657
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
ML00M1 · San Carlos, CA
Zoning ML00M1 · permitted uses
ML00M1 · San Carlos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Carlos. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Lot
2.68 ac
Current owner
From public records · entity-resolved
550 Quarry Road LLC
Entity
Mailing address
140 PERALTA AVE, SAN FRANCISCO, CA 94110-4831
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2020
—
550 Quarry Road LLC
—
Deed
related
$2,550,000 · Jpmorgan Chase Bank NA
Jun 23, 2009
—
550 Quarry Road LLC
Vernazza,joseph A
Quit Claim Deed
related
—
Jun 23, 2009
$250,000
Joseph A Vernazza
Vernazza D J Living Trust
Grant Deed
related
—
Apr 9, 2009
—
Diana Vernazza
Vernazza,raymond J
Affidavit Of Death
related
$1,750,000 · Circle Bank
Dec 19, 2006
—
Vernazza Diana J Living Trust
Vernazza,diana
Quit Claim Deed
related
—
Sep 27, 1994
—
Ferro Trust
Vernazza,ray & Diana
Trustees Deed
related
$915,730 · Bank Of America
—
—
Angelo Ferro
—
Deed Of Trust
related
$2,000,000 · Hibernia 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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