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Property profile & analytics
OFF-MARKET
Retail space
1051 Laurel St San Carlos, CA 94070-3918
Trust Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3029313
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Total area
600 SF
Lot
0.07 ac (3,000 SF)
APN
051-348-200
UPID
US10-3029313
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
BodyPresence Therapeutic Massage & Bodywork Alternative Medicine Practice Spa & Massage Center
-
Savvy Skincare Hair Salon Nail Salon
-
The Studio Hair Salon Hair Salon Nail Salon
-
Maria At the Studio Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Alvarez,juan G Trust · 8 yrs held
Alvarez,juan G Trust
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Carlos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Carlos submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$10,853
Tax year 2024
Assessed value
$787,542
Assessed 2024
Previous assessed
$787,542
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$278,773
Assessed improvement
$508,769
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1958
Heating
NONE
Total area
600 SF
Lot
0.07 ac (3,000 SF)
APN
051-348-200
UPID
US10-3029313
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1958
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
Alvarez,juan G Trust
Trust
Free & Clear · 8 yrs held
Mailing address
3797 RED OAK WAY, REDWOOD CITY, CA 94061-1132
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2017
—
Alvarez,juan G Trust
Alvarez,graciela V
Quit Claim Deed
related
—
Jun 10, 2016
—
Graciela V Alvarez
—
Deed
related
$320,000 · Wells Fargo Bank NA
Aug 7, 2003
$565,000
Graciela V Alvarez
Fuller,tr
Grant Deed
$452,000 · Business Loan Center INC
Dec 29, 1995
—
Fuller Trust
Fuller,maryann
Quit Claim Deed
related
—
—
—
Maryann Fuller
—
Deed Of Trust
related
$40,428 · Beneficial California INC
—
—
Fuller Trust
—
Deed Of Trust
related
$285,000 · California Savings Bank
—
—
Mary Ann Fuller
—
Deed Of Trust
related
$155,000 · Sequoia National Bank
—
—
Fuller Trust
—
Deed Of Trust
related
$208,688 · Avco Financial Svcs So Califor
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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