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    Property profile & analytics

    963 Terminal Way San Carlos, CA 94070-3224

    • Warehouses
    • 14,196 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $4,900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0652871
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Performex Machining Co / Industrial Manufacturer

    Property Details for 963 Terminal Way

    Year built
    1967
    Lot size
    0.50 lot acres
    Property size
    14,196 SF
    Zone code
    PM0001
    Property type
    Warehouses
    APN
    046-136-090
    APU
    46136090

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,777,000
      Market price range: $1.73M - $7.10M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,315,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $7,660,000
      Change: +78% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $6,560,000
      Change: +52% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $6,460,000
      Change: +50% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,450,000
      Change: +50% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Carlos
    County
    San Mateo
    State
    California
    Longitude
    -122.255
    Latitude
    37.5072
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $47,147
    $1,392,059
    $1,834,991
    $3,227,050
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,270,000
      20,010 SF

      699 Industrial Rd

      WAREHOUSE, STORAGE • 20,010 SF
      699 Industrial Rd, San Carlos, CA 94070
      View Details
    • Value Estimation
      $1,275,000
      3,609 SF

      1200 Industrial Rd Ste, Unit 12

      WAREHOUSE, STORAGE • 3,609 SF
      1200 Industrial Rd Ste, San Carlos, CA 94070-4129
      View Details
    • Value Estimation
      $720,000
      4,876 SF

      1300 Industrial Rd Ste, Unit 16

      WAREHOUSE, STORAGE • 4,876 SF
      1300 Industrial Rd Ste, San Carlos, CA 94070-4130
      View Details
    • Value Estimation
      $1,625,000
      4,453 SF

      1300 Industrial Rd Ste, Unit 22

      WAREHOUSE, STORAGE • 4,453 SF
      1300 Industrial Rd Ste, San Carlos, CA 94070-4141
      View Details
    • Value Estimation
      $2,505,000
      28,080 SF

      1050 Bing St

      WAREHOUSE, STORAGE • 28,080 SF
      1050 Bing St, San Carlos, CA 94070-5326
      View Details
    • Value Estimation
      $1,045,000
      11,226 SF

      501 Old County Rd

      WAREHOUSE, STORAGE • 11,226 SF
      501 Old County Rd, San Carlos, CA 94070-2549
      View Details

    Similar Nearby for Sale

    • $3,536,250
      6,150 SF

      San Carlos Industrial Building For Sale

      6,150 SF building on two parcels near shopping.
      1380 Industrial Rd, San Carlos, CA 94070
      View Details
    • $2,030,000
      4,060 SF

      Office & Warehouse Space Available

      4,060 SF flex space with office and warehouse components.
      1100 Industrial Rd, San Carlos, CA 94070
      View Details
    • Contact for pricing
      15,221 SF

      San Carlos Flex Space Available

      15,221 SF flex space with exterior and interior work underway.
      1320 Bayport Ave, San Carlos, CA 94070
      View Details
    • $2,275,000
      4,390 SF

      San Carlos Multifamily Property

      Spacious apartments with modern amenities in San Carlos, CA.
      1122 Bush St, San Carlos, CA 94070
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,498 SF

      San Carlos Warehouse with Office

      20,498 SF warehouse with office space and parking.
      1360 Bayport Ave, San Carlos, CA 94070
      View Details
    • Contact for pricing
      2,134 SF

      San Carlos Warehouse Space Available

      Open warehouse space with high ceilings, roll-up door, and restroom.
      975 Industrial Rd, San Carlos, CA 94070
      View Details
    • Contact for pricing
      30,995 SF

      San Carlos Flex/Industrial Space

      Furnished office, labs, warehouse, and parking near Highway 101.
      360 Industrial Rd, San Carlos, CA 94070
      View Details
    • Contact for pricing
      5,451 SF

      San Carlos Office/Lab Space

      5,451 SF office and R&D space with warehouse.
      1390 Bayport Ave, San Carlos, CA 94070
      View Details
    • Contact for pricing

      San Carlos Biotech/Lab Space

      13,500 RSF biotech/lab/pharma/GMP manufacturing space available Spring 2026.
      San Carols, San Carlos, CA 94070
      View Details
    • Contact for pricing
      6,000 SF

      San Carlos Warehouse with Yard

      6,000 SF warehouse with office, yard, and parking.
      1055-1065 Terminal Way, San Carlos, CA 94070
      View Details
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    963 Terminal Way
    San Carlos, CA 94070-3224
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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