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Property profile & analytics
OFF-MARKET
Estimated value
$2,545,000
Manufacturing properties
609 Claremont St San Mateo, CA 94402-1352
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-2079046
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1961
Total area
10,000 SF
Lot
0.25 ac (11,000 SF)
Zoning code
ML00M1
APN
033-282-420
UPID
US09-2079046
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
-
Autotronics Service & Body Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.37M
CAP Approach
CAP
$2.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.55M
Owner & transaction history
609 Claremont LLC
609 Claremont LLC
since 2026
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
ML00M1 · San Mateo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.8M
+16.9%
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
$2,545,000
ML approach
$2,370,000
CAP Approach
CAP Return
Estimation
6%
$2,400,000
6.5%
$2,215,000
7%
$2,060,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,275,000
Current use
WAREHOUSE, STORAGE
$3,825,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$2.55M
Range $2.29M – $2.80M · ±10% · vs last sale $2.80M (May 17 2022)
Last sale anchor
$2.80M
May 17 2022
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
$255 / 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
$36,935
Tax year 2024
Assessed value
$2,913,120
Assessed 2024
Previous assessed
$2,913,120
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$2,174,436
Assessed improvement
$738,684
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1961
Heating
NONE
Total area
10,000 SF
Lot
0.25 ac (11,000 SF)
Zoning code
ML00M1
APN
033-282-420
UPID
US09-2079046
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
ML00M1 · San Mateo, CA
Zoning ML00M1 · permitted uses
ML00M1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$3.8M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1961
Heating
NONE
Lot
0.25 ac
Current owner
From public records · entity-resolved
609 Claremont LLC
Entity
Mailing address
311 S ELLSWORTH AVE, SAN MATEO, CA 94401-4023
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
May 1, 2026
—
609 Claremont LLC
Giotinis Michael
Grant Deed
$900,000 · Citizens Business Bank
May 17, 2022
$2,800,000
Michael C Giotinis
Kim M Johannass
Grant Deed
$880,000 · Sc Equity Lending INC
May 17, 2022
—
Kim M Johan Nass
Kim M Johan Nass
Intrafamily Transfer
related
—
Jun 10, 2014
$712,500
Karen J Johan
Peter Smith
Grant Deed
$450,000 · First Republic Bank
Oct 23, 2013
—
Peter Smith
Earl-mion,victoria E
Affidavit Of Death
related
—
Nov 6, 2012
—
Earl-mion Victoria Trust
Earl-mion,victoria
Quit Claim Deed
related
—
Aug 19, 2010
—
Karen J Johan
Johan,robert A
Affidavit Of Death
related
—
Apr 5, 2010
—
Victoria E Earl-mion
Earl,donald S & Carolyn L
Affidavit Of Death
related
—
Nov 16, 2007
—
Earl D Schuyler & C M Trust
Earl D Schuyler Trust
Quit Claim Deed
related
—
—
—
Johan Robert A
—
Deed Of Trust
related
$80,000 · Individual
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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