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Property profile & analytics
OFF-MARKET
Estimated value
$10,730,000
Warehouses
825 Mahler Rd Burlingame, CA 94010-1603
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1325873
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1962
Total area
6,000 SF
Lot
0.78 ac (33,894 SF)
Zoning code
ML00M1
APN
026-322-050
UPID
US09-1325873
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
-
Rescue Rooter Plumbing Service General Contractor
-
BrightView Landscapes Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.72M
CAP Approach
CAP
$5.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.73M
Owner & transaction history
King 1499 Bayshore Owner LLC · 3 yrs held
King 1499 Bayshore Owner LLC
since 2023
Last sale
$11.4M
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
Method
Estimation
Statistic approach
$10,730,000
ML approach
$8,715,000
CAP Approach
CAP Return
Estimation
6%
$5,560,000
6.5%
$5,130,000
7%
$4,765,000
Blend value · Realmo final
$10.73M
Range $9.66M – $11.80M · ±10% · vs last sale $11.35M (Apr 28 2023)
Last sale anchor
$11.35M
Apr 28 2023
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
$1,788 / 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
$131,376
Tax year 2024
Assessed value
$11,577,000
Assessed 2024
Previous assessed
$11,577,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$11,577,000
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
6,000 SF
Lot
0.78 ac (33,894 SF)
Zoning code
ML00M1
APN
026-322-050
UPID
US09-1325873
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
ML00M1 · Burlingame, CAZoning ML00M1 · permitted uses
ML00M1 · Burlingame, CA
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
1962
Heating
NONE
Lot
0.78 ac
Current owner
From public records · entity-resolved
King 1499 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
Apr 28, 2023
$11,350,000
King 1499 Bayshore Owner LLC
Nicole Rochette
Grant Deed
—
Mar 2, 2018
—
Nicole Rochette
Rochette,nicole
Quit Claim Deed
related
$1,365,000 · First Republic Bk
Nov 9, 2012
$2,559,227
Nicole Rochette
Paisley Properties INC
Grant Deed
—
Nov 9, 2012
—
Nicole Rochette
Lester,ethan D
Grant Deed
related
$1,221,000 · First Republic Bank
Mar 27, 1997
$630,000
Hobson,ann D
Dalziel,donald B
Trustees Deed
$130,000 · Individual
—
—
Nicole Rochette
—
Deed Of Trust
related
$805,814 · Marc Rochette
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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