New search
Property profile & analytics
OFF-MARKET
Estimated value
$12,035,000
Apartment buildings
1056 Continentals Way, Belmont, CA 94002-3164
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1320231
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Total area
27,735 SF
Lot
1.26 ac (54,981 SF)
Zoning code
R40000
APN
045-373-090
UPID
US09-1320231
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
-
Hutton Terrace Apartment Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.41M
CAP Approach
CAP
$11.62M
Comparable Approach
Comparable
$13.15M
Blend (final)
Blend
$12.04M
Owner & transaction history
Hutton Terrace LP · 2 yrs held
Hutton Terrace LP
since 2023
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
R40000 · Belmont, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.8M
+95.5%
Office building
$17.8M
+85.5%
Neighborhood: shopping center
$15.0M
+56.0%
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 Belmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belmont 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
Method
Estimation
Statistic approach
$13,820,000
ML approach
$11,405,000
CAP Approach
CAP Return
Estimation
6%
$12,580,000
6.5%
$11,615,000
7%
$10,785,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,595,000
Current use
RESTAURANT
$18,755,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$17,790,000
Change: +85% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$14,965,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$14,105,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,815,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,600,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,615,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$12.04M
Range $10.83M – $13.24M · ±10% · vs last sale $12.00M (Oct 27 2023)
Last sale anchor
$12.00M
Oct 27 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$434 / SF
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
$167,641
Tax year 2024
Assessed value
$12,240,000
Assessed 2024
Previous assessed
$12,240,000
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$7,446,000
Assessed improvement
$4,794,000
Applied tax rate
3.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1969
Heating
CENTRAL
Stories
3
Units
25
Rooms
87
Bathrooms
4
Total area
27,735 SF
Lot
1.26 ac (54,981 SF)
Zoning code
R40000
APN
045-373-090
UPID
US09-1320231
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R40000 · Belmont, CA
Zoning R40000 · permitted uses
R40000 · Belmont, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.6M
RESTAURANT
Est. value
$18.8M
OFFICE BUILDING
Est. value
$17.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.0M
RETAIL STORES
Est. value
$14.1M
COMMERCIAL (GENERAL)
Est. value
$12.8M
AUTO REPAIR, GARAGE
Est. value
$12.6M
WAREHOUSE, STORAGE
Est. value
$10.6M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Heating
CENTRAL
Stories
3
Units
25
Rooms
87
Bathrooms
4
Lot
1.26 ac
Current owner
From public records · entity-resolved
Hutton Terrace LP
Entity
Mailing address
1300 S EL CAMINO REAL STE #525, SAN MATEO, CA 94402-2991
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2023
—
Hutton Terrace LP
Ahst 294 LLC
Intrafamily Transfer
related
—
Feb 2, 2023
$12,000,000
Ahst 294 LLC
Nola K Rochelle
Grant Deed
—
Aug 8, 2019
—
Nola K Rochele
Robert S Rochelle
Intrafamily Transfer
related
$2,150,000 · Jpmorgan Chase Bank NA
Dec 30, 1997
$3,860,000
Rochelle Trust
Hutton Terrace Group II
Grant Deed
$2,525,000 · Home Savings Of America
—
—
Rochelle Trust
—
Deed Of Trust
related
$2,525,000 · Washington Mutual Fsb
—
—
Rochelle,tr
—
Deed Of Trust
related
$2,525,000 · Washington Mutual Fsb
—
—
Hutton Terrace Group II
—
Deed Of Trust
related
$1,920,000 · Home Savings Of America
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1056 Continentals Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
