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Property profile & analytics
OFF-MARKET
Estimated value
$3,580,000
Retail space
852 Edgehill Dr Burlingame, CA 94010-3613
Individually Owned
4-yr Hold
Absentee Owner
Property ID
US09-1980501
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Total area
7,353 SF
Lot
0.1 ac (4,530 SF)
Zoning code
C20000
APN
029-022-070
UPID
US09-1980501
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
$3.40M
CAP Approach
CAP
$2.89M
Comparable Approach
Comparable
$4.12M
Blend (final)
Blend
$3.58M
Owner & transaction history
Omer Tamturk · 4 yrs held
Omer Tamturk
since 2022
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
C20000 · Burlingame, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.0M
+33.0%
Office building
$4.7M
+26.1%
Neighborhood: shopping center
$4.0M
+6.1%
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
$3,455,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
$3,130,000
6.5%
$2,890,000
7%
$2,680,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,740,000
Current use
RESTAURANT
$4,970,000
Change: +33% · Conversion: Easy
OFFICE BUILDING
$4,715,000
Change: +26% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,970,000
Change: +6% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,400,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,340,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$3.58M
Range $3.22M – $3.94M · ±10% · vs last sale $3.80M (Jun 15 2022)
Last sale anchor
$3.80M
Jun 15 2022
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
$487 / 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
$44,622
Tax year 2024
Assessed value
$3,956,121
Assessed 2024
Previous assessed
$3,956,121
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,518,984
Assessed improvement
$2,437,137
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1990
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
5
Rooms
7
Bathrooms
3
Total area
7,353 SF
Lot
0.1 ac (4,530 SF)
Zoning code
C20000
APN
029-022-070
UPID
US09-1980501
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C20000 · Burlingame, CAZoning C20000 · permitted uses
C20000 · Burlingame, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.7M
RESTAURANT
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1990
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
5
Rooms
7
Bathrooms
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
Omer Tamturk
Individual
Mailing address
1243 BROADWAY, BURLINGAME, CA 94010-3423
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
$3,802,500
Omer Tamturk
Omti INC
Grant Deed
$1,300,000 · Heritage Bank Of Commerce
Feb 14, 2020
—
Omti INC
—
Deed
related
$1,620,000 · Hanmi Bk
Oct 7, 2014
$2,599,000
Omti INC
Paul Lee LLC
Grant Deed
$1,820,000 · Hanmi Bank
Jun 2, 1997
—
Paul Lee LLC
Lee,paul C
Quit Claim Deed
related
—
Apr 18, 1997
—
Paul C Lee
Lee,paul C & Sharon
Quit Claim Deed
related
—
Jan 27, 1993
—
Chan Shing
Chan,w.
Quit Claim Deed
related
—
Apr 30, 1992
$880,000
Lee Paul Sharon/chan Wai
Rady,a.&g./flahe
Grant Deed
$612,000 · Borel Bank & Trust
Oct 20, 1989
—
Andrew Rady
Mielnik,l.&l.
Quit Claim Deed
related
$500,000 · Borel Bank & Trust
Sep 22, 1989
—
Mielnik Leonard
Mielnik,l.&l.
Quit Claim Deed
related
—
May 31, 1988
$280,000
Leonard
Oks
Trustees Deed
$140,000 · Bay Area Bank
—
—
Paul C Lee
—
Deed Of Trust
related
$200,000 · Tony Dinapoli
—
—
Andrew Rady
—
Deed Of Trust
related
$615,000 · Borel Bank & Trust
—
—
Leonard& Mielnik
—
Deed Of Trust
related
$78,000 · Individual
—
—
Omti INC
—
Loan Modification
related
$1,620,000 · Hanmi Bk
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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