New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,310,000
Office buildings
700 Concar Dr 900 San Mateo, CA 94402-7029
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1800083
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2002
Total area
219,318 SF
Lot
4.77 ac (207,610 SF)
APN
035-243-110
UPID
US09-1800083
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
-
Used Transmissions Supply Auto Repair Shop
-
Martin AC Repair Service HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.31M
Owner & transaction history
Rakuten Chw LLC · 9 yrs held
Rakuten Chw LLC
since 2017
7 recorded transactions
Zoning & alternative use
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$15 / 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
$2,337,202
Tax year 2024
Assessed value
$204,345,887
Assessed 2024
Previous assessed
$204,345,887
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$32,997,053
Assessed improvement
$171,348,834
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2002
Heating
NONE
Stories
5
Total area
219,318 SF
Lot
4.77 ac (207,610 SF)
APN
035-243-110
UPID
US09-1800083
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Stories
5
Lot
4.77 ac
Current owner
From public records · entity-resolved
Rakuten Chw LLC
Entity
Mailing address
800 CONCAR DR, SAN MATEO, CA 94402-7044
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
Mar 1, 2017
$179,500,000
Rakuten Chw LLC
Dwf IV 700-900 Concar LLC
Trustees Deed
$110,000,000 · Private Individual
Feb 9, 2015
$130,588,000
Dwf IV 700-900 Concar LLC
Concar Acquisition Co INC
Grant Deed
—
Jul 20, 2007
$92,926,500
Concar Acquisition Co INC
Concar
Grant Deed
—
Jun 19, 2006
$59,500,000
Concar LP
Cshv Concar Associates LLC
Grant Deed
—
May 26, 2005
—
Cshv Concar Associates LLC
Concar Ents INC
Quit Claim Deed
—
—
—
Concar Acquisition Co INC
—
Deed Of Trust
related
$800,000,000 · Teachers Insurance & Annuity
—
—
Concar Acquisition Co INC
—
Deed Of Trust
related
$800,000,000 · Teachers Insurance & Annuity
—
—
Cshv Concar Associates LLC
—
Deed Of Trust
related
$60,000,000 · Secore Financial Corp
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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