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    1315 Alameda De Las Pulgas Belmont, CA 94002

    Sponsored
    For Sale
    $5,600,000

    0.56 acre lot, high-density potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional development opportunity awaits at 1315 Alameda de las Pulgas, Belmont, CA 94002. This 0.562-acre (approximately 24,500 square feet) vacant land parcel, situated within a church property, presents a unique chance for investors and developers. Located in the vibrant Belmont area of San Mateo County, this prime site offers significant potential for high-density mixed-use development, including the possibility of an affordable housing project. A feasibility study has already been conducted, indicating potential for up to 48 affordable housing units (details available in the due diligence folder). The property's location ensures convenient access and a tranquil atmosphere. The seller may consider a ground lease option to facilitate a 100% affordable housing development. This is a rare chance to acquire a substantial parcel in a desirable location, allowing for the creation of a significant project. The asking price is $5,600,000. Serious inquiries only.

    Property Features for 1315 Alameda De Las Pulgas

    General Information

    Property type
    Land
    Lot Size
    24,481 SF

    HighLights

    • 24,500 SF building on approximately 0.56 acres.
    • Property is currently part of a church complex.
    • High‑density mixed‑use or affordable housing development potential.
    • Excellent location in the desirable Belmont area.
    • Potential for high‑density affordable housing development.
    • Feasibility study shows potential for up to 48 affordable housing units (see due diligence package).
    Property Profile Location Intelligence

    Current Use by Public Records

    Crossing Community Church Baptist Church

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belmont
    County
    San Mateo
    State
    California
    Longitude
    -122.2894137
    Latitude
    37.5080395

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    FAQs

    What type of property is this?
    Land - 0.56 acre lot, high-density potential.
    Where is this land located?
    The property is located at 1315 Alameda De Las Pulgas Belmont, CA.
    What is the asking price?
    The asking price for this property is $5,600,000.
    What are key features of this property?
    This property features: 24,500 SF building on approximately 0.56 acres.; Property is currently part of a church complex.; High-density mixed-use or affordable housing development potential.
    (669) 226-7416
    Request Owner's contact information
    1315 Alameda De Las Pulgas Belmont, CA 94002
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    Realmo Value Estimation

    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.

    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.

    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
    1315 Alameda De Las Pulgas Belmont, CA 94002
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