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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Manufacturing properties
740 Bay Rd, Redwood City, CA 94063-2469
Entity Owned
13-yr Hold
Free & Clear
Property ID
US10-3287684
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PACKING, PACKING PLANT
Year built
1997
Total area
62,485 SF
Lot
2.83 ac (123,335 SF)
Zoning code
ML001R
APN
054-062-130
UPID
US10-3287684
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
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.07M
Owner & transaction history
Bmr-bay LP · 13 yrs held
Bmr-bay LP
since 2013
6 recorded transactions
Zoning & alternative use
ML001R · 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
by Request
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FOOD PACKING, PACKING PLANT (FRUIT, VEGETABLE, MEAT, DAIRY)
$1,165,000
Current use
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10%
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
$17 / 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
$457,340
Tax year 2024
Assessed value
$41,422,049
Assessed 2024
Previous assessed
$41,422,049
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$12,186,150
Assessed improvement
$29,235,899
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
Manufacturing properties
Use group
FOOD PACKING, PACKING PLANT
Status
Off-Market
Year built
1997
Heating
NONE
Stories
2
Total area
62,485 SF
Lot
2.83 ac (123,335 SF)
Zoning code
ML001R
APN
054-062-130
UPID
US10-3287684
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
ML001R · Redwood City, CA
Zoning ML001R · permitted uses
ML001R · 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
FOOD PACKING, PACKING PLANT (FRUIT, VEGETABLE, MEAT, DAIRY) Current
Est. value
$1.2M
FOOD PACKING, PACKING PLANT (FRUIT, VEGETABLE, MEAT, DAIRY) Current
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
1997
Heating
NONE
Stories
2
Lot
2.83 ac
Current owner
From public records · entity-resolved
Bmr-bay LP
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2021
—
Biomed Realty LP
—
Deed
related
—
Jul 14, 2017
—
Bmr Bay LP
—
Deed
related
—
Mar 1, 2013
$87,000,000
Bmr-bay LP
Rreef America Reit II Corp Qqq
Grant Deed
—
Jan 7, 2005
$65,000,000
Rreef America Reit II Corp Qqq
Woodside Technology Center LLC
Grant Deed
—
Mar 3, 2000
—
Woodside Technology Center LLC
Chestnut Bay LLC
Grant Deed
related
—
Dec 23, 1999
$3,660,000
Bnjn Investments LLC
Chestnut Bay LLC
Grant Deed
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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