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Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Manufacturing properties
950 Commercial St San Carlos, CA 94070-4017
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-2986938
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1952
Total area
6,525 SF
Lot
0.16 ac (6,866 SF)
Zoning code
PM0002
APN
046-161-040
UPID
US09-2986938
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
-
GE Monogram Expert Home Appliance Store Hardware & Home Improvement
-
Manufactory Marketing & Advertising IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.44M
Blend (final)
Blend
$2.71M
Owner & transaction history
Richard Buckley · 1 yrs held
Richard Buckley
since 2025
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
PM0002 · San Carlos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+107.7%
Office building
$4.2M
+97.0%
Neighborhood: shopping center
$3.5M
+65.7%
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
$2,205,000
ML approach
$2,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,125,000
Current use
RESTAURANT
$4,410,000
Change: +108% · Conversion: Difficult
OFFICE BUILDING
$4,185,000
Change: +97% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,520,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,015,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,970,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,965,000
Change: +40% · Conversion: Easy
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±10% · vs last sale $2.90M (Nov 4 2024)
Last sale anchor
$2.90M
Nov 4 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
$415 / 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
$28,348
Tax year 2024
Assessed value
$2,373,921
Assessed 2024
Previous assessed
$2,373,921
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,485,691
Assessed improvement
$888,230
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1952
Heating
NONE
Stories
1
Total area
6,525 SF
Lot
0.16 ac (6,866 SF)
Zoning code
PM0002
APN
046-161-040
UPID
US09-2986938
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
RESTAURANT
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$3.0M
INDUSTRIAL (GENERAL) 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
1952
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Richard Buckley
Individual
Mailing address
950 COMMERCIAL ST, SAN CARLOS, CA 94070-4017
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Feb 4, 2025
$2,900,000
Richard Buckley
Chisel And Prop LLC
Grant Deed
—
Oct 21, 2020
$2,237,000
Chisel And Prop LLC
Suda Properties II LLC
Grant Deed
$1,560,000 · Mufg Union Bank NA
Dec 4, 2012
$855,000
Suda Propeties II
Harris 1982 Trust
Grant Deed
—
Sep 27, 2011
—
Stancil Properties LLC
Stancil,gay L & Charles E
Quit Claim Deed
related
—
—
—
Suda Properties II LLC
—
Deed Of Trust
related
$342,000 · Union Bank
—
—
Suda Properties II LLC
—
Deed Of Trust
related
$354,000 · Mortgage Capital Dev Corp
—
—
Suda Properties II LLC
—
Deed Of Trust
related
$427,500 · Union Bank
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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