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Property profile & analytics
OFF-MARKET
Warehouses
821 Malcolm Rd, Burlingame, CA 94010-1406
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0038033
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1962
Total area
10,000 SF
Lot
0.48 ac (21,000 SF)
Zoning code
ML00M1
APN
026-302-400
UPID
US09-0038033
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
by Request
Owner & transaction history
King 1699 Bayshore Owner LLC · 3 yrs held
King 1699 Bayshore Owner LLC
since 2023
Last sale
$109.0M
6 recorded transactions
Zoning & alternative use
ML00M1 · Burlingame, 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 Burlingame submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlingame 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
—
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
$340,815
Tax year 2024
Assessed value
$30,394,260
Assessed 2024
Previous assessed
$30,394,260
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$11,794,260
Assessed improvement
$18,600,000
Applied tax rate
4.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1962
Heating
NONE
Total area
10,000 SF
Lot
0.48 ac (21,000 SF)
Zoning code
ML00M1
APN
026-302-400
UPID
US09-0038033
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
ML00M1 · Burlingame, CA
Zoning ML00M1 · permitted uses
ML00M1 · Burlingame, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlingame. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Lot
0.48 ac
Current owner
From public records · entity-resolved
King 1699 Bayshore Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
800 BOYLSTON ST STE #2400, BOSTON, MA 02199-8160
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jan 9, 2023
$109,000,000
King 1699 Bayshore Owner LLC
King Bayshore Owner LLC
Grant Deed
—
Jan 25, 2022
$5,500,000
King Bayshore Owner LLC
Patricia A Ulrich
Grant Deed
—
Jul 31, 2003
$1,589,000
Ulrich,tr
Estess Properties LLC
Grant Deed
—
Jan 23, 2001
—
Estess Properties LLC
Rosential,michael
Quit Claim Deed
related
—
Dec 26, 2000
—
Les Rosenthal
Estess Trust
Quit Claim Deed
related
—
Apr 25, 1988
$396,000
Naomi Estess
Koch
Grant Deed
$132,000 · Individual
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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