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Property profile & analytics
OFF-MARKET
Estimated value
$10,090,000
Office buildings
930 Brittan Ave, San Carlos, CA 94070-4002
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2753504
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1951
Total area
27,921 SF
Lot
1 ac (43,612 SF)
Zoning code
PM0002
APN
046-162-050
UPID
US09-2753504
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
-
MBC BioLabs Corporate Office
-
PTM Therapeutics Corporate Office
-
Aptah Bio Inc Corporate Office
-
Switch Bioworks HQ Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.09M
Owner & transaction history
Mbc Biolabs 930 · 7 yrs held
Mbc Biolabs 930
since 2018
7 recorded transactions
Zoning & alternative use
PM0002 · San Carlos, 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 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
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
NEIGHBORHOOD: SHOPPING CENTER
$15,065,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$10.09M
Range $9.08M – $11.10M · ±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
$361 / 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
$247,752
Tax year 2024
Assessed value
$21,420,687
Assessed 2024
Previous assessed
$21,420,687
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$5,194,817
Assessed improvement
$16,225,870
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1951
Heating
NONE
Stories
3
Total area
27,921 SF
Lot
1 ac (43,612 SF)
Zoning code
PM0002
APN
046-162-050
UPID
US09-2753504
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.1M
NEIGHBORHOOD: SHOPPING CENTER
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
1951
Heating
NONE
Stories
3
Lot
1 ac
Current owner
From public records · entity-resolved
Mbc Biolabs 930
Individual
Mailing address
240 LORTON AVE, BURLINGAME, CA 94010-4245
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Sep 30, 2020
—
Mbc Biolabs 930 LP
—
Deed
related
$14,600,000 · City Nat'l Bk
Sep 20, 2018
—
Mbc Biolabs 930
—
Deed
related
$14,600,000 · City National Bank
Aug 30, 2018
$5,500,000
Mbc Biolabs 930
Williamson Robert A Tr
Grant Deed
—
Aug 30, 2018
—
Williamson,robert A Trust
Ca 930 Brittan LLC
Quit Claim Deed
related
—
Aug 28, 2015
$4,945,000
Ca 930 Brittan LLC
Della Morte Trust
Grant Deed
—
Jun 30, 2006
$2,300,000
Dellamorte Trust
Brusco D B & D I 1981 Trust
Grant Deed
$1,150,000 · Bank Of America
Jan 23, 1995
—
Brusco Trust
Brusco,donald B & Diane I
Quit Claim Deed
related
—
—
—
Dellamorte Trust
—
Deed Of Trust
related
$1,713,750 · Bank Of The West
—
—
Mbc Biolabs 930 LP
—
Loan Modification
related
$14,600,000 · City Nat'l Bk
—
—
Dellamorte Trust
—
Deed Of Trust
related
$191,000 · Bank Of The West
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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