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Property profile & analytics
FOR LEASE
Manufacturing properties
890 Cowan Rd, Burlingame, CA 94010
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0939384
For Lease
1 / 2
$2 SF/Yr
890 Cowan Rd, Burlingame, CA 94010
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1978
Total area
36,310 SF
Lot
2.11 ac (91,804 SF)
Zoning code
M10000
APN
024-390-220
UPID
US09-0939384
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
-
Marchetti Group Marchetti Group Construction Company General Contractor
-
MobilityWorks Car Dealership
-
Eaton & Associates Tech Support Center IT Consulting Firm
-
Nor-Cal Mobility, Inc. Car Dealership
-
Courier Network Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.43M
Owner & transaction history
Kathryn Burge · 3 yrs held
Kathryn Burge
since 2023
7 recorded transactions
Zoning & alternative use
M10000 · Burlingame, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$18.5M
+55.4%
Commercial (general)
$16.8M
+41.2%
Auto repair, garage
$16.5M
+38.8%
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 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
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)
$11,885,000
Current use
RETAIL STORES
$18,465,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$16,780,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,495,000
Change: +39% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$13,775,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$11.43M
Range $10.29M – $12.57M · ±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
$315 / 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
$128,699
Tax year 2024
Assessed value
$11,058,082
Assessed 2024
Previous assessed
$11,058,082
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$7,622,183
Assessed improvement
$3,435,899
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1978
Heating
NONE
Total area
36,310 SF
Lot
2.11 ac (91,804 SF)
Zoning code
M10000
APN
024-390-220
UPID
US09-0939384
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M10000 · Burlingame, CA
Zoning M10000 · permitted uses
M10000 · Burlingame, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlingame. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$11.9M
RETAIL STORES
Est. value
$18.5M
COMMERCIAL (GENERAL)
Est. value
$16.8M
AUTO REPAIR, GARAGE
Est. value
$16.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.8M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1978
Heating
NONE
Lot
2.11 ac
Current owner
From public records · entity-resolved
Kathryn Burge
Individual
Free & Clear · 3 yrs held
Mailing address
4020 MOORPARK AVE STE #218, SAN JOSE, CA 95117-4100
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2023
—
Kathryn Burge
Shelley A Gordon
Intrafamily Transfer
related
—
Jan 15, 2020
—
Arnold,s & P 1995 Trust
Arnold Living Trust
Quit Claim Deed
related
—
Jun 29, 2012
—
Gordon Murray Family Trust
Gordon M Family Trust
Quit Claim Deed
related
$3,025,000 · First Republic Bank
Dec 5, 2007
—
Arnold Trust
Arnold Trust
Quit Claim Deed
related
—
Oct 4, 2007
—
Linda H Mcfarland
Mcfarland,clifford D
Affidavit Of Death
related
—
Jun 13, 2002
—
Gordon Trust
Eop-industrial Portofolio LLC
Grant Deed
$3,300,000 · Fremont Bank
Nov 6, 1996
—
Properties LP Spieker
New York Life Insurance
Grant Deed
related
—
Apr 19, 1990
—
York Life In New
Cowan Road LP
Grant Deed
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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