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Property profile & analytics
OFF-MARKET
Estimated value
$6,455,000
Warehouses
922 Claremont St San Mateo, CA 94402-1834
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2081655
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1940
Total area
24,620 SF
Lot
1.37 ac (59,780 SF)
Zoning code
M20000
APN
033-311-120
UPID
US09-2081655
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
$6.63M
Comparable Approach
Comparable
$4.09M
Blend (final)
Blend
$6.46M
Owner & transaction history
Redco Claremont 922 Owner LLC · 7 yrs held
Redco Claremont 922 Owner LLC
since 2019
7 recorded transactions
Zoning & alternative use
M20000 · San Mateo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Mateo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Mateo 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%
$7,180,000
6.5%
$6,625,000
7%
$6,155,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,420,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,175,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$6.46M
Range $5.81M – $7.10M · ±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
$262 / 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
$132,999
Tax year 2024
Assessed value
$11,483,279
Assessed 2024
Previous assessed
$11,483,279
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$11,111,443
Assessed improvement
$371,836
Applied tax rate
12.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1940
Heating
NONE
Total area
24,620 SF
Lot
1.37 ac (59,780 SF)
Zoning code
M20000
APN
033-311-120
UPID
US09-2081655
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M20000 · San Mateo, CA
Zoning M20000 · permitted uses
M20000 · San Mateo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Mateo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.2M
WAREHOUSE, STORAGE Current
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
1940
Heating
NONE
Lot
1.37 ac
Current owner
From public records · entity-resolved
Redco Claremont 922 Owner LLC
Entity
Mailing address
4 EMBARCADERO CTR, SAN FRANCISCO, CA 94111-4106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2019
—
Redco Claremont 922 Owner LLC
—
Grant Deed
related
$18,550,000 · Pfp Hldg Co Vi LLC
Jun 20, 2019
$10,500,000
Redco Claremont 922 Owner LLC
Rivendell II Ltd LP
Grant Deed
—
Oct 31, 2018
—
Rivendell II Ltd LP
—
Deed
related
$1,600,000 · Plm Loan Secure Income Fund II LLC
—
—
Rivendell II Ltd-lp
—
Deed Of Trust
related
$2,900,000 · Scott Valley Bank
—
—
Rivendell II Ltd
—
Deed Of Trust
related
$87,000 · Christine F
—
—
Rivendell II Ltd LP
—
Deed Of Trust
related
$1,600,000 · Plm Loan Secure Income Fund II LLC
—
—
Rivendell II Ltd-lp
—
Deed Of Trust
related
$2,100,000 · Liberty Bank
—
—
LP Rivendell II
—
Deed Of Trust
related
$1,450,000 · First Nat'l Bank Northern Ca
—
—
I Rivendell
—
Deed Of Trust
related
$850,000 · Owens Financial Group INC
—
—
Rivendell II Ltd
—
Deed Of Trust
related
$650,000 · Cullinane K B/l M 2000 Trust
—
—
Rivendell II Ltd
—
Deed Of Trust
related
$34,000 · Individual
—
—
Rivendell II Ltd-lp
—
Deed Of Trust
related
$400,000 · Libitzky Hldgs LP
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
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