Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    868 Main St Redwood City, CA 94063-1902

    • Hotels
    • 10,828 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-2915613
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kasa Niche Hotel Redwood City / Hotel & Motel

    Property Details for 868 Main St

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    10,828 SF
    Property type
    Hotels
    APN
    053-131-120
    APU
    53131120

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $507,000
      Market price range: $175k - $508k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $925,000
      NEIGHBORHOOD: SHOPPING CENTER
      $885,000
      RETAIL STORES
      $880,000
      INDUSTRIAL (GENERAL)
      $790,000
      APARTMENT HOUSE (5+ UNITS)
      $750,000
      COMMERCIAL (GENERAL)
      $720,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redwood City
    County
    San Mateo
    State
    California
    Longitude
    -122.227
    Latitude
    37.4854
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $58,106
    $3,219,408
    $1,862,769
    $5,082,177
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.20 Acres

      485 Veterans Blvd

      HOTEL • 3.20 Acres
      485 Veterans Blvd, Redwood City, CA 94063-1119
      View Details
    • Value Estimation
      $930,000
      43,570 SF

      1836 El Camino Real

      HOTEL • 43,570 SF
      1836 El Camino Real, Redwood City, CA 94063-2111
      View Details
    • Value Estimation by Request
      13,026 SF

      25 5th Ave

      HOTEL • 13,026 SF
      25 5th Ave, Redwood City, CA 94063-3601
      View Details
    • Value Estimation by Request
      5,240 SF

      1690 Broadway St

      HOTEL • 5,240 SF
      1690 Broadway St, Redwood City, CA 94063-2402
      View Details
    • Value Estimation
      $520,000
      26,730 SF

      800 Main St

      HOTEL • 26,730 SF
      800 Main St, Redwood City, CA 94063-1902
      View Details
    • Value Estimation
      $5,065,000
      111,211 SF

      600 Bair Is Rd

      HOTEL • 111,211 SF
      600 Bair Is Rd, Redwood City, CA 94063-2704
      View Details

    Similar Nearby for Sale

    • $490,000

      Corner Lot on Middlefield Road

      Highly visible corner lot suitable for various business ventures.
      2798 Middlefield Rd, Redwood City, CA 94063
      View Details
    • Contact for pricing
      9,060 SF

      Redwood City Retail Opportunity

      Retail property in Redwood City, California.
      2300 Broadway St, Redwood City, CA 94063
      View Details
    • $5,426,300
      9,866 SF

      Redwood City Warehouse with Yard

      Industrial warehouse with gated yard and updated facade for sale.
      2566 Bay Rd, Redwood City, CA 94063
      View Details
    • Contact for pricing
      6,380 SF

      Redwood City Office Building Opportunity

      Stand-alone office building in Redwood City with flexible floor plan.
      Price Ave, Redwood City, CA 94063
      View Details
    • $3,990,000
      4,200 SF

      Redwood City Flex Space Available

      Flex space with parking, air conditioning, and modern amenities.
      730 Broadway St, Redwood City, CA 94063
      View Details
    • $4,998,000
      6,380 SF

      Redwood City Stand Alone Office

      Stand alone office building in Redwood City with flexible floorplan.
      550 Price Ave, Redwood City, CA 94063
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,112 SF

      Redwood City Office/Retail Space

      Office or retail spaces available for lease in Redwood City.
      648-650 El Camino Real, Redwood City, CA 94063
      View Details
    • $1,980,000
      3,600 SF

      Redwood City Flex/Industrial/Office Space

      Flex, industrial, and office spaces available for rent in Redwood City.
      741-745 Warrington Ave, Redwood City, CA 94063
      View Details
    • Contact for pricing
      4,485 SF

      Redwood City Flex Space Available

      Flex space featuring office and warehouse components with fenced yard.
      2680 Middlefield Rd, Redwood City, CA 94063
      View Details
    • Contact for pricing
      2,500 SF

      Redwood City Office Space Available

      Office space with exposed ceilings and onsite parking.
      600 Allerton St, Redwood City, CA 94063
      View Details
    • Contact for pricing
      1,200 SF

      Downtown Redwood City Office Space

      1,200 SF office space in downtown Redwood City.
      826-850 Main St, Redwood City, CA 94063
      View Details
    • Contact for pricing
      2,731 SF

      Redwood City Office Space Available

      Office space with high visibility and rooftop terrace for rent.
      925 Main St, Redwood City, CA 94063
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    868 Main St
    Redwood City, CA 94063-1902
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!