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Property profile & analytics
OFF-MARKET
Estimated value
$3,100,000
Turn key restaurants
891 2nd Ave Redwood City, CA 94063
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2391667
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1958
Total area
3,000 SF
Lot
0.32 ac (13,837 SF)
Zoning code
ML00M1
APN
054-172-070
UPID
US09-2391667
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
$3.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.07M
Blend (final)
Blend
$3.10M
Owner & transaction history
Stanford Health Care · 2 yrs held
Stanford Health Care
since 2024
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
ML00M1 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+0.8%
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 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
$3,100,000
ML approach
$3,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,030,000
Current use
OFFICE BUILDING
$2,045,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$3.10M
Range $2.79M – $3.41M · ±10% · vs last sale $3.10M (Jan 3 2024)
Last sale anchor
$3.10M
Jan 3 2024
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
$1,033 / 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
$43,900
Tax year 2024
Assessed value
$3,289,744
Assessed 2024
Previous assessed
$3,289,744
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$3,088,115
Assessed improvement
$201,629
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1958
Heating
NONE
Stories
1
Total area
3,000 SF
Lot
0.32 ac (13,837 SF)
Zoning code
ML00M1
APN
054-172-070
UPID
US09-2391667
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
ML00M1 · Redwood City, CA
Zoning ML00M1 · permitted uses
ML00M1 · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redwood City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
RESTAURANT Current
OFFICE BUILDING
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
1958
Heating
NONE
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Stanford Health Care
Individual
Mailing address
300 PASTEUR DR #5451, PALO ALTO, CA 94305-2200
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jan 3, 2024
—
Stanford Health Care
Bauen Fund 2018 2920 LLC
Intrafamily Transfer
related
—
Aug 18, 2023
—
Bauen Fund 2018 2920 LLC
—
Deed
related
$20,142,850 · Western Alliance Bank
May 11, 2021
—
Bauen Fund 2018 2920 LLC
—
Deed
related
$25,000,000 · Western Alliance Bank
Aug 19, 2020
$3,100,000
Bauen Fund 2018-2920 LLC
Malabirade Family Trust
Grant Deed
—
Jun 22, 2020
—
Malabirade Family Trust
Henri H Malabirade
Affidavit Of Death
related
—
Jun 21, 2019
—
Henri H Malabirade
Malabirade H H & Bypas Trust
Quit Claim Deed
related
—
Dec 2, 2016
—
Malabirade,h & C Family Trust
Malabirade H H & C L Trust
Quit Claim Deed
related
—
Jan 27, 2016
—
Henri H Malabirade
Malabirade,catherine L
Affidavit Of Death
related
—
Jul 26, 2004
—
Malabirade,tr
Dolores,tr
Quit Claim Deed
related
—
May 21, 1996
—
Malabirade Trust
Malabirade,henry H & Catherine L
Quit Claim 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.
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