Mixed-Use Building on El
For Sale
Contact for pricing
1464 El Camino Real, Belmont, CA 94002
Mixed-use building with redevelopment potential in Belmont, California.
Property Size6,100 SF
Lot Size0.21 Acres
Price / SF$409.84
Days on Market823
Property Features for 1464 El Camino Real
General Information
Standard status
Active
Size
6,100 SF
Lot size
0.21 Acres
Property subtype
Mixed Use, Retail
Occupancy
100%
Investment Type
Redevelopment
Listing Agency:
AIM Commercial Real Estate
(650) 876-0300
Listed By:
David Collantes · License #CA 01095633
Source:
Crexi
Added: May 9, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:56AM
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 AIM Commercial Real Estate
Investment Insights
Based on property information with market context.
This mixed-use building, situated on El Camino Real in Belmont, California, presents an opportunity for either an owner-user or a leased investment with potential upside. The building encompasses approximately 6,100 square feet, as per the appraiser, and is located on an 8,984 square foot lot. A rear alley provides access for parking or a small yard. The property has the potential to accommodate approximately 12-13 cars in tandem in the yard, subject to City of Belmont approval. The building features approximately 400 amps of power. The current tenant is operating under a month-to-month lease at below-market rental rates and has expressed interest in remaining. The property also offers future redevelopment possibilities for a high-density mixed-use project. The location benefits from high average daily traffic counts and high-income demographics. The zoning permits various retail uses, including medical/dental offices, doggie daycare, and veterinary services. Confirmation of allowed uses should be obtained from the City of Belmont Planning Department.
Key Highlights
- Owner‑user or investment opportunity with potential for increased rental income.
- Future redevelopment potential for a high‑density mixed‑use project.
- Ample parking space for 12‑13 cars in the rear (subject to city approval).
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
$197,053
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
7.88%
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%
$3,941,060
$3.9M
Cap Rate 7%
$2,815,043
$2.8M
Cap Rate 9%
$2,189,478
$2.2M
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
$418.7K $68.64/SF
− Vacancy
−$103.4K −$16.95/SF
EGI
$315.3K $51.69/SF
− OpEx
−$118.2K −$19.38/SF
NOI
$197.1K $32.30/SF
Area
San Mateo County, CA
Vacancy
24.70%
Lease Rate
$68.64 /SF/Yr
Expense Ratio
37.50%
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%
$3,941,060
Cap Rate 7%
$2,815,043
Cap Rate 9%
$2,189,478
Alternative Uses
Best Use
Mixed Use
$2.82M
$2.46M – $3.28M
NOI $197,053 @ 7.0% cap · market cap 7.88%
Second Best
Retail
$2.23M
$1.95M – $2.60M
NOI $155,773 @ 7.0% cap · market cap 6.23%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,186
Businesses Nearby
217k
Monthly Visits Nearby
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with redevelopment potential in Belmont, California.
Where is this mixed-use 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: Owner‑user or investment opportunity with potential for increased rental income.; Future redevelopment potential for a high‑density mixed‑use project.; Ample parking space for 12‑13 cars in the rear (subject to city approval).
