Single-Tenant Retail or
For Sale
Contact for pricing
1464 El Camino Real, Belmont, CA 94002
Leased storefront offers single-tenant retail or office space on a month-to-month arrangement.
Property Size6,100 SF
Price / SF$409.84
Days on Market1018
Property Features for 1464 El Camino Real
General Information
Standard status
Active
Size
6,100 SF
Property subtype
RETAIL
Additional Details
Business Included
No
Building Details
Tenancy
Single
Listing Agency:
Sperry Commercial | AIM Commercial Real Estate
(650) 876-0300
Listed By:
David A. Collantes · License #820009
(415) 517-7511
Source:
Moodyscre
Added: Nov 29, 2023
Changed: Sep 11
Last Checked: Sep 12 at 4:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sperry Commercial | AIM Commercial Real Estate
Investment Insights
Based on property information with market context.
This is a single-tenant retail storefront property that is currently occupied under a month-to-month lease. The asset is positioned for either a leased investment with potential upside or an owner-user opportunity, with redevelopment potential noted in the current offering materials. The property totals 6,100 square feet.
The site is located at 1464 El Camino Real in Belmont, CA 94002. The offering also references high average daily traffic counts and high income demographics in the surrounding area.
As presented, the property supports a retail or office use configuration, with the current tenancy remaining in place on a month-to-month basis.
The site is located at 1464 El Camino Real in Belmont, CA 94002. The offering also references high average daily traffic counts and high income demographics in the surrounding area.
As presented, the property supports a retail or office use configuration, with the current tenancy remaining in place on a month-to-month basis.
Key Highlights
- Leased single‑tenant retail or office storefront available for sale or lease
- Tenant is on a month‑to‑month lease
- High average daily traffic counts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$155,773
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,115,460
$3.1M
Cap Rate 7%
$2,225,329
$2.2M
Cap Rate 9%
$1,730,811
$1.7M
Market Conditions
NOI Build-Up for 6,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$233.5K $38.28/SF
− Vacancy
−$11.0K −$1.80/SF
EGI
$222.5K $36.48/SF
− OpEx
−$66.8K −$10.94/SF
NOI
$155.8K $25.54/SF
Area
San Mateo County, CA
Vacancy
4.70%
Lease Rate
$38.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,115,460
Cap Rate 7%
$2,225,329
Cap Rate 9%
$1,730,811
Alternative Uses
Best Use
Retail
$2.23M
$1.95M – $2.60M
NOI $155,773 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.85M
$4.24M – $5.65M
NOI $339,171 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,186
Businesses Nearby
217k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 29%
Groceries 28%
Hotels & Casinos 2%
Safeway
Groceries
61,585 visits/mo
0.3 miles
McDonald's
Dining
19,360 visits/mo
0.5 miles
Wendy's
Dining
17,209 visits/mo
0.4 miles
76
Shops & Services
16,694 visits/mo
0.4 miles
Starbucks
Dining
14,671 visits/mo
0.3 miles
Demographics for 94002, CA
28,513
Population
11,307
Households
2.5
Avg Household Size
40
Median Age
69%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
5,092
Density / Sq Mi
$204,573
Median Household Income
$120,322
Median Earnings
$2,889
Median Rent
$2,000,001
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Leased storefront offers single-tenant retail or office space on a month-to-month arrangement.
Where is this storefront property located?
The property is located at 1464 El Camino Real Belmont, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Leased single‑tenant retail or office storefront available for sale or lease; Tenant is on a month‑to‑month lease; High average daily traffic counts
