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Financial
Distress signals
Property profile

987 Laurel St San Carlos, CA 94070

FOR SALE
Office buildings
Property ID
US09-0834339
1,250 SF 0.07 ac lot Built 1946
Last sale Sep 2020 · $1,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This medical office building is configured for clinical and professional use and has historically been operated as part of a veterinary services tenant arrangement. The property is located on a site zoned MU-N-50 (a neighborhood-mixed-use designation) that permits a range of retail, commercial, and office uses along with residential development of up to 50 units per net acre; listed permissible uses include multi-unit residential, family childcare (small and large), limited residential care,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$21k
Tax billed · 2024
Assessed value$1.70M
Assessed land$1.19M
Assessed improvement$504k
Effective rate1.22%

Value estimate

· Oct 2026
$1.58M
$1.42M – $1.74M
AI approach$1.60M
Submarket $/SF estimate$1.21M
NOI build-up
Gross scheduled income$65k
Vacancy & credit loss−$15k
Operating expenses−$13k
NOI · 2.71% cap applied$38k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$641/SF
County average, outlier-cleaned · 168 recorded sales of this use type
Observed band · Q1–Q3$322 – $965
Qualifying comparables4

Cap rate analysis

How does the asset earn?
2.71%
$38k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSAN MATEO

Location intelligence

Which uses thrive at this corner?
Best fit: Butcher
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Butcher8.4
Tattoo & Piercing Shop8.2
Bike Shop8.0

Location

987 Laurel St San Carlos, CA 94070
County assessor Recorded deeds · 5 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1620 San Carlos, San Carlos, CA 94070-2022 $2,000,000 May 2024 940 SF
1131 Eaton, San Carlos, CA 94070 $2,924,000 Oct 2023 2,500 SF
1101 Laurel, San Carlos, CA 94070-5008 $48,000 Jun 2023 1,193 SF
575 Prospect, San Carlos, CA 94070-2025 $1,500,000 Oct 2022 1,684 SF
1028 Laurel, San Carlos, CA 94070-3919 $218,000 Jul 2022 940 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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