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Property profile & analytics
OFF-MARKET
Estimated value
$2,430,000
Manufacturing properties
740 Broadway St, Redwood City, CA 94063-3124
Trust Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0186961
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1960
Total area
8,466 SF
Lot
0.38 ac (16,500 SF)
Zoning code
IR0000
APN
054-040-120
UPID
US09-0186961
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
$2.78M
Blend (final)
Blend
$2.43M
Owner & transaction history
Wickstrom,s & L Fam Trust · 6 yrs held
Wickstrom,s & L Fam Trust
since 2020
7 recorded transactions
Zoning & alternative use
IR0000 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+43.9%
Auto repair, garage
$3.8M
+41.4%
Retail stores
$3.7M
+34.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,720,000
Current use
COMMERCIAL (GENERAL)
$3,910,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,845,000
Change: +41% · Conversion: Easy
RETAIL STORES
$3,660,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,775,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±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
$287 / 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
$21,996
Tax year 2024
Assessed value
$1,881,771
Assessed 2024
Previous assessed
$1,881,771
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,149,974
Assessed improvement
$731,797
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
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1960
Heating
NONE
Stories
1
Total area
8,466 SF
Lot
0.38 ac (16,500 SF)
Zoning code
IR0000
APN
054-040-120
UPID
US09-0186961
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
IR0000 · Redwood City, CA
Zoning IR0000 · permitted uses
IR0000 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.8M
RETAIL STORES
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
Year built
1960
Heating
NONE
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Wickstrom,s & L Fam Trust
Trust
Mailing address
830 SEMINOLE WAY, REDWOOD CITY, CA 94062-3423
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
May 20, 2021
—
Lori M Clarke Wickstrom
—
Deed
related
$825,000 · Symetra Life Insurance Co
Jan 9, 2020
—
Wickstrom,s & L Fam Trust
Lori M Clarke-wickstrom
Quit Claim Deed
related
—
Nov 20, 2017
—
Lori M Clarke-wickstom
S Wickstrom Manufacturing INC
Quit Claim Deed
related
—
Jan 23, 2004
—
Scott K Wickstrom
Terminal Way Assoc
Grant Deed
$675,000 · Bridge Bank NA
May 29, 1998
$699,000
Terminal Way Associates
Schreiner Trust
Grant Deed
$435,000 · Washington Mutual Fsb
—
—
Scott K Wickstrom
—
Deed Of Trust
related
$557,000 · Mortgage Capital Dev Corp
—
—
Benarr Schreiner
—
Deed Of Trust
related
$750,000 · Government Funding
—
—
Scott K Wickstrom
—
Deed Of Trust
related
$1,200,000 · J P Morgan Chase Bank
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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