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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Theaters & concert halls
825 Middlefield Rd Redwood City, CA 94063-1627
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-3025030
Property profile
Verified
Property type
Theaters & concert halls
Use group
DRIVE-IN THEATER
Year built
2006
Total area
196,992 SF
Lot
2.27 ac (98,949 SF)
APN
052-366-120
UPID
US10-3025030
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
-
Pizza Hut Express Restaurant
-
Cian Washington Carpet Store Carpet & Flooring Store
-
Cinemark Century Redwood Downtown 20 and XD Cinema Theater & Performing Art Venue
-
cinemark Cinema Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$870k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
Blox Redwood Row LLC
Blox Redwood Row LLC
since 2025
7 recorded transactions
Zoning & alternative use
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
$870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$4 / 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
$827,394
Tax year 2024
Assessed value
$71,455,568
Assessed 2024
Previous assessed
$71,455,568
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$11,033,569
Assessed improvement
$60,421,999
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
Theaters & concert halls
Use group
DRIVE-IN THEATER
Status
Off-Market
Year built
2006
Heating
NONE
Stories
3
Total area
196,992 SF
Lot
2.27 ac (98,949 SF)
APN
052-366-120
UPID
US10-3025030
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
2006
Heating
NONE
Stories
3
Lot
2.27 ac
Current owner
From public records · entity-resolved
Blox Redwood Row LLC
Entity
Mailing address
DEPT DEPT DEPT #207, SCOTTSDALE, AZ 85261
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2025
$45,000,000
Blox Redwood Row LLC
Rar2 Broadway At Redwood City Ca In
Grant Deed
$22,500,000 · East West Bank
Jan 23, 2019
—
Century Theatres INC
—
Deed
related
—
Aug 19, 2009
—
Rar2-broadway At Redwood City
On Broadway Investors LLC
Grant Deed
related
—
Nov 1, 2006
—
On Broadway Investors LLC
On Broadway Redwood City LLC
Quit Claim Deed
—
Nov 23, 2004
$7,500,000
On Broadway Redwood City LLC
Redevelopment Agcy Of Redwood
Grant Deed
$31,000,000 · Redwood Capital Finance Co LLC
Jul 30, 2004
—
City Of Redwood City
2117 Broadway Partners
Grant Deed
related
—
—
—
Century Theatres INC
—
Deed Of Trust
related
—
—
—
Century Theatres INC
—
Deed Of Trust
related
—
—
—
Century Theatres INC
—
Deed Of Trust
related
—
—
—
Century Theatres INC
—
Loan Modification
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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