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Property profile & analytics
OFF-MARKET
Estimated value
$5,710,000
Office buildings
609 Price Ave, Redwood City, CA 94063-1463
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1358283
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1970
Total area
10,393 SF
Lot
0.78 ac (33,776 SF)
Zoning code
IP0000
APN
052-402-100
UPID
US09-1358283
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
-
Zena Andreani Marriage Or Relationship Counselor Counselor
-
Archway Social Service Agency Medical Clinic
-
Ward Deanna M MD Physician
-
Sandra Preza Counselor
-
Sarah Barnard Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.48M
CAP Approach
CAP
$5.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.71M
Owner & transaction history
609 Price LLC · 5 yrs held
609 Price LLC
since 2021
Last sale
$6.3M
4 recorded transactions
Zoning & alternative use
IP0000 · Redwood City, 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 Redwood City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redwood City 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
$5,080,000
ML approach
$5,475,000
CAP Approach
CAP Return
Estimation
6%
$5,920,000
6.5%
$5,460,000
7%
$5,070,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,080,000
Current use
RESTAURANT
$7,030,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$5.71M
Range $5.14M – $6.28M · ±10% · vs last sale $6.27M (Mar 18 2021)
Last sale anchor
$6.27M
Mar 18 2021
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
$549 / 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
$73,608
Tax year 2024
Assessed value
$6,653,773
Assessed 2024
Previous assessed
$6,653,773
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$6,261,127
Assessed improvement
$392,646
Applied tax rate
9.0000
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
1970
Heating
NONE
Stories
2
Total area
10,393 SF
Lot
0.78 ac (33,776 SF)
Zoning code
IP0000
APN
052-402-100
UPID
US09-1358283
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
IP0000 · Redwood City, CA
Zoning IP0000 · permitted uses
IP0000 · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redwood City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.1M
RESTAURANT
Est. value
$7.0M
OFFICE BUILDING Current
RESTAURANT
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
1970
Heating
NONE
Stories
2
Lot
0.78 ac
Current owner
From public records · entity-resolved
609 Price LLC
Entity
Mailing address
1 BUSH ST STE #500, SAN FRANCISCO, CA 94104-4411
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2021
$6,270,000
609 Price LLC
Shak Properties LLC
Grant Deed
—
Aug 31, 2011
$1,600,000
Shak Properties LLC
Robyn J Mckenna
Grant Deed
$1,200,000 · Us Bank NA
Aug 11, 2000
—
Johnson Trust
—
Deed Of Trust
related
$1,000,000 · Redding Bank Of Commerce
—
—
Johnson Elizabeth K 1976 Trust
—
Deed Of Trust
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.
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