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Property profile & analytics
OFF-MARKET
Estimated value
$55,000,000
Office buildings
600 Clipper Dr 500, Belmont, CA 94002-4119
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2920994
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1995
Total area
154,611 SF
Lot
8.22 ac (357,957 SF)
Zoning code
PD0000
APN
040-360-470
UPID
US10-2920994
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
-
Porsche Consulting Inc. Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$55.00M
Owner & transaction history
600 Clipper Operating LLC · 8 yrs held
600 Clipper Operating LLC
since 2017
7 recorded transactions
Zoning & alternative use
PD0000 · Belmont, 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 Belmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belmont 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$83,435,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$55.00M
Range $49.50M – $60.50M · ±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
$356 / 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
$1,137,234
Tax year 2024
Assessed value
$99,954,729
Assessed 2024
Previous assessed
$99,954,729
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$55,775,953
Assessed improvement
$44,178,776
Applied tax rate
3.0000
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
Off-Market
Year built
1995
Heating
NONE
Stories
3
Total area
154,611 SF
Lot
8.22 ac (357,957 SF)
Zoning code
PD0000
APN
040-360-470
UPID
US10-2920994
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
PD0000 · Belmont, CA
Zoning PD0000 · permitted uses
PD0000 · Belmont, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$83.4M
NEIGHBORHOOD: SHOPPING CENTER
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
1995
Heating
NONE
Stories
3
Lot
8.22 ac
Current owner
From public records · entity-resolved
600 Clipper Operating LLC
Entity
Mailing address
330 GARFIELD ST, SANTA FE, NM 87501-2612
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2018
—
600 Clipper Operating LLC
—
Deed
related
$54,300,000 · Jpmorgan Chase Bank NA
Oct 19, 2017
$89,604,000
600 Clipper Operating LLC
Bit Holdings Seventy-one INC
Grant Deed
—
Jun 26, 2014
—
Bit Holdings Seventy-one INC
Hines Vaf II 600 Clipper LP
Grant Deed
—
Dec 5, 2007
—
Vaf Clipper Hines II
Brcp 600 Clipper LLC
Grant Deed
—
Sep 26, 2005
—
Brcp 600 Clipper LLC
600 Clipper Drive LLC
Quit Claim Deed
related
—
Sep 15, 2005
$27,490,000
Realty LP I Brcp
600 Clipper Drive LLC
Grant Deed
—
Nov 17, 1999
—
600 Clipper Dr LLC
Gillette Canada INC
Grant Deed
$25,000,000 · Hsbc Realty Credit Corp
Mar 28, 1994
—
Gillette Canada INC
Redwood Shores P
Grant 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.
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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