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    1015 Terra Nova Blvd Pacifica, CA 94044-4308
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    Property profile & analytics

    1015 Terra Nova Blvd, Pacifica, CA 94044-4308

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    • Grocery and convenience stores
    • 1.91 lot acres
    Off-Market
    Property ID
    US09-0563058
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1015 Terra Nova Blvd

    Lot size
    1.91 lot acres
    Zone code
    CL00C1
    Property type
    Grocery and convenience stores
    APN
    023-593-040
    APU
    23593040

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 9, 2016 — Chan,w & Mak J Living Trust Mak,judy Quit Claim Deed · related —
    May 17, 2002 $12,000 Judy Mak Chan,kennedy Grant Deed —
    May 17, 2002 — Judy Mak Chan,william Grant Deed · related —
    Jun 1, 2000 — Kennedy Chan Chan,naomi Quit Claim Deed · related —
    Jun 1, 2000 $1,045,454 Chan,kennedy & John Safeway INC Trustees Deed —
    — — Judy Mak — Deed Of Trust · related $600k · John Chan
    — — John Chan — Deed Of Trust · related $388k · Mortgage Capital Dev Corp
    — — John Chan — Deed Of Trust · related $375k · Civicbank Of Commerce
    — — John Chan — Deed Of Trust · related $375k · Civicbank Of Commerce
    — — Judy Mak — Deed Of Trust · related $720k · East West Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pacifica
    County
    San Mateo
    State
    California
    Longitude
    -122.475
    Latitude
    37.5828
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $25,960
    $1,209,357
    $521,393
    $1,730,750
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,695,000
      29,482 SF

      709 Hickey Blvd

      GROCERY, SUPERMARKET
      709 Hickey Blvd, Pacifica, CA 94044-1214
      View Details
    • Value Estimation
      $4,005,000
      20,814 SF

      470 Mnr Dr

      GROCERY, SUPERMARKET
      470 Mnr Dr, Pacifica, CA 94044
      View Details
    • Value Estimation
      $6,200,000
      20,408 SF

      5550 Coast Hwy

      GROCERY, SUPERMARKET
      5550 Coast Hwy, Pacifica, CA 94044-3952
      View Details
    • Value Estimation
      $900,000
      2,800 SF

      2014 Palmetto Ave

      RETAIL STORES (PERSONAL SERVICES)
      2014 Palmetto Ave, Pacifica, CA 94044-2796
      View Details
    • Value Estimation
      $1,660,000
      2,668 SF

      2500 Francisco Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2500 Francisco Blvd, Pacifica, CA 94044-2732
      View Details
    • Value Estimation by Request
      0.21 Acres

      427 Harvey Way

      RETAIL STORES (PERSONAL SERVICES)
      427 Harvey Way, Pacifica, CA 94044-3218
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,400 SF

      Established 7-Eleven Store for Sale

      Long-term leased 7-Eleven near beach and pier.
      100 Clarendon Rd, Pacifica, CA 94044
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    • Contact for pricing
      2,248 SF

      Pacifica Gas Station Investment Property

      Nationally branded gas station with a strong lease in place.
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    • $3,288,000
      7,480 SF

      Mixed-Use Asset in Pacifica

      Mixed-use property in Pacifica, CA, near San Francisco.
      1625 Palmetto Ave, Pacifica, CA 94044
      View Details
    • New
      $1,499,000
      0.48 Acres

      Residential Waterfront Land Parcels

      Three adjoining hillside parcels offer a blank canvas for a coastal home site with potential ocean and canyon views.
      Calera Ter, Pacifica, CA 94044
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    • $5,999,000
      2.79 Acres

      Pacifica Land with Ocean Views

      Large land parcel in Pacifica with ocean view potential.
      Calera Ter, Pacifica, CA 94044
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    • Contact for pricing
      0.06 Acres

      Secluded Land Parcel in Pacifica

      Rare opportunity to own a private parcel in Pacifica.
      Balboa Way, Pacifica, CA 94044
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    Similar Nearby for Lease

    • Contact for pricing
      1,844 SF

      Retail Space in Pacifica, CA

      Retail property available for lease in Pacifica, California.
      100-216 Eureka Dr, Pacifica, CA 94044
      View Details
    • Contact for pricing
      4,050 SF

      Retail/Office Shopping Center Space

      Multi-tenant retail/office shopping center with high walk score.
      707-743 Hickey Blvd, Pacifica, CA 94044
      View Details
    • Contact for pricing
      2,084 SF

      Linda Mar Shopping Center Space

      Retail space available in grocery-anchored shopping center.
      1221-1379 Linda Mar Shopping Ctr, Pacifica, CA 94044
      View Details
    • Contact for pricing
      23,064 SF

      Multi-Tenant Retail/Office Shopping Center

      Multi-tenant retail and office shopping center with high walk score.
      200 Fairmont Shopping Ctr, Pacifica, CA 94044
      View Details
    • New
      $2,000 /Mo
      601 SF

      Light-Filled Office Studio with Patio

      New construction office-style space with large glass doors and a fenced patio/courtyard for day-to-day client and team use.
      Address Not Disclosed, Pacifica, CA 94044
      View Details
    • Contact for pricing
      1,500 SF

      Retail/Office Shopping Center Space

      Multi-tenant retail/office shopping center with high walk score.
      745-777 Hickey Blvd, Pacifica, CA 94044
      View Details
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    Pacifica, CA 94044-4308
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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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