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Property profile & analytics
OFF-MARKET
Estimated value
$6,390,000
Manufacturing properties
1075 Old County Rd Belmont, CA 94002-3935
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1531507
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Total area
22,416 SF
Lot
1 ac (43,489 SF)
Zoning code
C40000
APN
040-332-270
UPID
US09-1531507
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
-
Manny Casillas - State Farm Insurance Agent Insurance Agency
-
RSE Inc Engineer
-
Belmont Carpet Cleaning Service Carpet Cleaning Service
-
Mid-Peninsula Water District Water Utility Company
-
Swedcom Corporation Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.28M
Blend (final)
Blend
$6.39M
Owner & transaction history
Sven E Kjaersgaard · 10 yrs held
Sven E Kjaersgaard
since 2016
7 recorded transactions
Zoning & alternative use
C40000 · Belmont, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.4M
+41.2%
Auto repair, garage
$10.2M
+38.8%
Warehouse, storage
$8.6M
+16.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,335,000
Current use
COMMERCIAL (GENERAL)
$10,360,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,185,000
Change: +39% · Conversion: Easy
WAREHOUSE, STORAGE
$8,575,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$6.39M
Range $5.75M – $7.03M · ±10%
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
$285 / 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
$55,443
Tax year 2024
Assessed value
$4,407,228
Assessed 2024
Previous assessed
$4,407,228
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$3,518,956
Assessed improvement
$888,272
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1983
Heating
NONE
Total area
22,416 SF
Lot
1 ac (43,489 SF)
Zoning code
C40000
APN
040-332-270
UPID
US09-1531507
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C40000 · Belmont, CA
Zoning C40000 · permitted uses
C40000 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$10.4M
AUTO REPAIR, GARAGE
Est. value
$10.2M
WAREHOUSE, STORAGE
Est. value
$8.6M
INDUSTRIAL (GENERAL) Current
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
1983
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Sven E Kjaersgaard
Individual
Free & Clear · 10 yrs held
Mailing address
1365 SOUTHDOWN RD, HILLSBOROUGH, CA 94010-7249
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
May 12, 2016
—
Sven E Kjaersgaard
Kjaersgaard,kerstin E
Affidavit Of Death
related
—
Aug 24, 2004
—
Kjaersgaard Kerstin & S Trust
1075 Old County Road LLC
Grant Deed
related
—
Nov 27, 1996
$1,300,000
1075 Old County Rd LLC
Marie D Trudell Trustee
Grant Deed
$1,100,000 · Bank Of America
Jun 1, 1995
$350,000
Raymond C Trudell Trustee
Mueller,edward A & Miriam J
Trustees Deed
—
Jan 12, 1995
$500,000
Edward A Mueller
Raymond C Trudell Trustee
Grant Deed
$1,400,000 · Seller
—
—
Raymond Trudell
—
Deed Of Trust
related
$2,000 · Individual
—
—
Raymond Trudell
—
Deed Of Trust
related
$1,000,000 · Security Pacific National Bank
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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