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Property profile & analytics
OFF-MARKET
Estimated value
$6,455,000
Warehouses
929 Bransten Rd San Carlos, CA 94070-4021
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1532730
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Total area
14,550 SF
Lot
0.56 ac (24,200 SF)
Zoning code
PM0002
APN
046-133-040
UPID
US09-1532730
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
-
Footsteps Missions Charitable Organization Social Service Agency
-
Vivion Inc Chemical Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.28M
Blend (final)
Blend
$6.46M
Owner & transaction history
929 Bransten Road LLC · 2 yrs held
929 Bransten Road LLC
since 2023
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
PM0002 · San Carlos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.8M
+122.6%
Office building
$9.3M
+111.2%
Neighborhood: shopping center
$7.9M
+77.6%
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 Carlos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Carlos 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
$6,170,000
ML approach
$6,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,420,000
Current use
RESTAURANT
$9,840,000
Change: +123% · Conversion: Difficult
OFFICE BUILDING
$9,335,000
Change: +111% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,850,000
Change: +78% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,725,000
Change: +52% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,625,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,610,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$6.46M
Range $5.81M – $7.10M · ±10% · vs last sale $6.53M (Jul 28 2023)
Last sale anchor
$6.53M
Jul 28 2023
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
$444 / 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
$75,470
Tax year 2024
Assessed value
$6,525,000
Assessed 2024
Previous assessed
$6,525,000
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$5,320,000
Assessed improvement
$1,205,000
Applied tax rate
11.0000
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
1967
Heating
NONE
Total area
14,550 SF
Lot
0.56 ac (24,200 SF)
Zoning code
PM0002
APN
046-133-040
UPID
US09-1532730
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
PM0002 · San Carlos, CA
Zoning PM0002 · permitted uses
PM0002 · San Carlos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Carlos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.4M
RESTAURANT
Est. value
$9.8M
OFFICE BUILDING
Est. value
$9.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.6M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1967
Heating
NONE
Lot
0.56 ac
Current owner
From public records · entity-resolved
929 Bransten Road LLC
Entity
Mailing address
105 SEAGATE DR, SAN MATEO, CA 94403-4930
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2023
$6,525,000
929 Bransten Road LLC
Michael Poleselli
Grant Deed
$2,900,000 · Community Bank Of The Bay
Jul 28, 2023
—
929 Bransten LLC
—
Deed
related
$2,659,000 · Bay Area Employment Development Company
Feb 10, 2022
—
Michael Poleselli
Michael Poleselli
Beneficiary Deed
related
—
Nov 25, 2019
—
Michael Poleselli
Poleselli E A Child Trust Ia
Quit Claim Deed
related
—
Aug 12, 2015
—
Michael Poleselli
Poleselli,edward A
Quit Claim Deed
related
—
Mar 19, 2010
—
Poleselli E A Living Trust
Poleselli,edward A
Quit Claim Deed
related
—
May 3, 2000
—
Poleselli Trust
Poleselli,edward A
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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