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    Land in Belmont for Development Title is generated by Realmo AI

    BELMONT, Belmont 94002

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    Claim this Listing
    For Sale
    $2,500,000

    LAND - BELMONT

    Lot size:
    1.54 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    32
    Last Refresh:
    May 23 at 11:06 am

    Property Features for BELMONT

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A
    Standard status
    Active
    Lot size
    1.54 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Wong Real Estate Grp

    Listing agent Wong Real Estate Grp License #70010239

    Listing office KW Advisors 1430 Howard Avenue, Burlingame, CA

    Listing date Apr 22, 2026

    MLS# ML82036705 Listing URL

    Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Opportunity to develop two luxury residences on subdivided lots.
    • One lot offers views of the San Francisco Bay and city lights.
    • Proposed lot line adjustment and subdivision plan already prepared by civil engineer and architect.
    • Preliminary plans for lot split and building design are available.
    • Front portion of property is closest to paved road and existing utilities.
    • Potential to significantly accelerate development timeline due to completed preliminary groundwork.

    Overview

    The property for sale is the front portion of a larger parcel, situated near a paved road cul-de-sac and existing utilities. According to the seller, a civil engineer and architect prepared a proposed lot line adjustment and subdivision plan in May 2025 for the development of two luxury residences, each approximately 4,500 square feet. The proposed lot line adjustment would create two lots, one approximately 27,200 square feet and the second approximately 40,000 square feet. The larger lot has views of the San Francisco Bay and city lights. Preliminary plans for the proposed lot split and building design plans are available for review. The seller anticipates that the lot line adjustment process could take approximately two to three months to complete. The new owner would be fully responsible for all applicable costs for submission, review, permit, building fees, reports, and surveys. The new owner may choose to proceed with the existing architectural plans or create their own custom home design. The property is zoned A. The lot size is approximately 1.5427 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Belmont
    County
    San Mateo
    State
    Longitude
    -122.322243
    Latitude
    37.514187

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    FAQs

    What type of property is this?
    Residential land & home lot - Land for sale with potential for luxury residential development.
    Where is this residential land & home lot located?
    The property is located at BELMONT Belmont.
    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: Opportunity to develop two luxury residences on subdivided lots.; One lot offers **views of the San Francisco Bay and city lights**.; Proposed lot line adjustment and subdivision plan already prepared by civil engineer and architect.
    (650) 619-2790
    We can help!
    Listing Contact
    Wong Real Estate Grp
    Real Estate License ID: 70010239
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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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