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Property profile & analytics
OFF-MARKET
Estimated value
$5,405,000
Manufacturing properties
841 Old County Rd San Carlos, CA 94070-4001
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2961966
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Total area
15,684 SF
Lot
1.11 ac (48,406 SF)
Zoning code
C40000
APN
046-182-100
UPID
US09-2961966
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
$5.41M
Owner & transaction history
The Sobrato Family Foundation · 3 yrs held
The Sobrato Family Foundation
since 2022
7 recorded transactions
Zoning & alternative use
C40000 · San Carlos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.5M
+65.7%
Commercial (general)
$7.3M
+41.9%
Apartment house (5+ units)
$7.1M
+39.8%
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 San Carlos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Carlos 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)
$5,105,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,465,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,250,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,140,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,125,000
Change: +40% · Conversion: Easy
Blend value · Realmo final
$5.41M
Range $4.86M – $5.95M · ±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
$345 / 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
$103,535
Tax year 2024
Assessed value
$8,982,120
Assessed 2024
Previous assessed
$8,982,120
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$8,982,120
Applied tax rate
11.0000
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
1979
Heating
NONE
Total area
15,684 SF
Lot
1.11 ac (48,406 SF)
Zoning code
C40000
APN
046-182-100
UPID
US09-2961966
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C40000 · San Carlos, CA
Zoning C40000 · permitted uses
C40000 · San Carlos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Carlos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.5M
COMMERCIAL (GENERAL)
Est. value
$7.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$7.1M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1979
Heating
NONE
Lot
1.11 ac
Current owner
From public records · entity-resolved
The Sobrato Family Foundation
Individual
Mailing address
599 CASTRO ST, MOUNTAIN VIEW, CA 94041-3007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
—
The Sobrato Family Foundation
Si 74 LLC
Grant Deed
—
Aug 21, 2020
$13,900,000
Si 74 LLC
1031 Ep4 INC
Grant Deed
—
May 1, 2020
$13,900,000
1031 Ep4 INC
Wanda M Adams
Grant Deed
$13,926,058 · Sobrato Interests 3
Oct 25, 2018
—
Wanda M Adams
—
Deed
related
$3,000,000 · Harvest Com'l Cap LLC
Oct 30, 2002
—
Wanda M Adams
Adams,tr
Quit Claim Deed
related
$1,466,000 · Comerica Bank California
Jun 4, 2001
—
Adams Trust
Adams,wanda M
Quit Claim Deed
related
—
Jun 19, 1992
—
Wanda Adams
Adams,arthur L
Quit Claim Deed
related
—
—
—
Wanda M Adams
—
Deed Of Trust
related
$315,000 · Allen Trust
—
—
Wanda M Adams
—
Deed Of Trust
related
$1,680,000 · East West Bank
—
—
Wanda M Adams
—
Deed Of Trust
related
$240,000 · O'reilly Suzette (te)
—
—
Wanda M Adams
—
Deed Of Trust
related
$325,000 · O'reilly Suzette (te)
—
—
Wanda M Adams
—
Deed Of Trust
related
$709,000 · Suzette Oreilly Trustee
—
—
Wanda M Adams
—
Deed Of Trust
related
$3,000,000 · Harvest Com'l Cap LLC
—
—
Wanda M Adams
—
Deed Of Trust
related
$750,000 · Gum Living Trust
—
—
Adams Arthur L
—
Deed Of Trust
related
$100,000 · Bay Area Bank
—
—
Wanda M Adams
—
Deed Of Trust
related
$750,000 · Roya O Javid
—
—
Arthur Adams
—
Deed Of Trust
related
$547,000 · Individual
—
—
Wanda M Adams
—
Deed Of Trust
related
$195,000 · Allen Trust
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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