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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Office buildings
721 Purissima St Half Moon Bay, CA 94019-1954
Trust Owned
14-yr Hold
~
Est. High Equity
Property ID
US09-1461025
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Total area
4,700 SF
Lot
0.19 ac (8,122 SF)
Zoning code
CH00C2
APN
056-191-250
UPID
US09-1461025
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
Parsons 2007 Trust · 14 yrs held
Parsons 2007 Trust
since 2012
7 recorded transactions
Zoning & alternative use
CH00C2 · Half Moon Bay, 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 Half Moon Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Half Moon Bay 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
$315 / 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
$18,809
Tax year 2024
Assessed value
$1,443,197
Assessed 2024
Previous assessed
$1,443,197
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$659,422
Assessed improvement
$783,775
Applied tax rate
17.0000
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
2001
Heating
NONE
Stories
2
Total area
4,700 SF
Lot
0.19 ac (8,122 SF)
Zoning code
CH00C2
APN
056-191-250
UPID
US09-1461025
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CH00C2 · Half Moon Bay, CA
Zoning CH00C2 · permitted uses
CH00C2 · Half Moon Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Half Moon Bay. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Stories
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Parsons 2007 Trust
Trust
Mailing address
PO BOX 3054, HALF MOON BAY, CA 94019-3054
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2012
—
Parsons 2007 Trust
Parsons,john M & Jacqueline P
Quit Claim Deed
—
Oct 22, 2010
$1,149,000
John M Parsons
Turner,bruce C & Nancy A
Grant Deed
$746,850 · Bank Of The West
Sep 6, 2002
—
Bruce C Turner
Turner,bruce C & Nancy A
Quit Claim Deed
related
$725,000 · Zions First National Bank
Aug 16, 2002
—
Bruce C Turner
San Mateo Equity Corp
Grant Deed
related
—
Aug 9, 2002
$201,818
Bruce C Turner
Turner,tr
Grant Deed
related
—
Jun 5, 2001
$204,545
San Mateo Equity Corp
Turner,bruce C & Nancy A
Grant Deed
related
$204,000 · Bruce C & Nancy A
Nov 29, 2000
—
Turner Trust
—
Grant Deed
related
$625,000 · Borel Bank & Trust
Sep 9, 1993
$45,000
Bruce Turner
Boskey,j.
Grant Deed
—
—
—
Parsons Financial Building LLC
—
Deed Of Trust
related
$711,352 · Bank Of The West
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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