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Property profile & analytics
OFF-MARKET
Estimated value
$2,715,000
Investment properties
660 El Camino Real Millbrae, CA 94030-2059
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1491766
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Total area
6,994 SF
Lot
0.11 ac (4,772 SF)
Zoning code
CL00C1
APN
021-313-150
UPID
US09-1491766
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
-
Cheung Luisa DDS Dental Office
-
Law Offices of Majeed Samara Law Firm
-
care.coach Physician
-
Millbrae Garage Door Repair Today Building Supply General Contractor
-
Sheng Wang Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.70M
CAP Approach
CAP
$3.48M
Comparable Approach
Comparable
$3.48M
Blend (final)
Blend
$2.72M
Owner & transaction history
Elevated Aptitude Centre LLC · 4 yrs held
Elevated Aptitude Centre LLC
since 2022
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
CL00C1 · Millbrae, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.5M
+38.8%
Neighborhood: shopping center
$3.8M
+16.8%
Retail stores
$3.6M
+10.0%
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 Millbrae submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millbrae 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
$2,550,000
ML approach
$2,700,000
CAP Approach
CAP Return
Estimation
6%
$3,765,000
6.5%
$3,475,000
7%
$3,230,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,230,000
Current use
OFFICE BUILDING
$4,485,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,775,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$3,555,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,175,000
Change: -2% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,675,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.72M
Range $2.44M – $2.99M · ±10% · vs last sale $2.81M (Apr 27 2022)
Last sale anchor
$2.81M
Apr 27 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
$388 / 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
$35,071
Tax year 2024
Assessed value
$2,921,443
Assessed 2024
Previous assessed
$2,921,443
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,352,520
Assessed improvement
$1,568,923
Applied tax rate
14.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Heating
NONE
Stories
2
Total area
6,994 SF
Lot
0.11 ac (4,772 SF)
Zoning code
CL00C1
APN
021-313-150
UPID
US09-1491766
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL00C1 · Millbrae, CA
Zoning CL00C1 · permitted uses
CL00C1 · Millbrae, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millbrae. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
RETAIL STORES
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
Heating
NONE
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Elevated Aptitude Centre LLC
Entity
Mailing address
45 CORONA ST, SAN FRANCISCO, CA 94127-2805
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Apr 27, 2022
$2,808,000
Elevated Aptitude Centre LLC
Kelsey Stiles
Grant Deed
$1,360,000 · East West Bank
Jun 2, 2017
$385,000
George R Corey
George R Corey
Intrafamily Transfer
related
$850,000 · Wells Fargo Bank NA
May 4, 2011
$366,000
Corey George R Trust
Bjorner,john R & Kathleen
Grant Deed
—
Aug 10, 1998
—
Corey Trust
Corey,george
Quit Claim Deed
related
—
—
—
John R Bjorner
—
Deed Of Trust
related
$70,000 · Corey George R (te)
—
—
John R Bjorner
—
Deed Of Trust
related
$315,000 · Peninsula Bank Of Commerce
—
—
John R Bjorner
—
Deed Of Trust
related
$244,000 · Barry & Johanna M Berkowitz
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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