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Property profile & analytics
OFF-MARKET
Estimated value
$17,000,000
Super regional malls
11 El Camino Real San Carlos, CA 94070-2401
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1814883
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1981
Total area
28,338 SF
Lot
1.05 ac (45,576 SF)
Zoning code
CH00C3
APN
045-320-170
UPID
US09-1814883
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
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
-
Buy Bitcoin Crypto Atm
-
Coinhub Bitcoin ATM Teller Atm
-
Citibank ATM Atm
-
Maria Luna Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$17.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.27M
Blend (final)
Blend
$17.00M
Owner & transaction history
Shac 11 Ecr Apartments LLC · 1 yrs held
Shac 11 Ecr Apartments LLC
since 2024
Last sale
$17.0M
2 recorded transactions
Zoning & alternative use
CH00C3 · San Carlos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$21.0M
+37.2%
Restaurant
$19.2M
+25.3%
Office building
$18.2M
+18.9%
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 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
Method
Estimation
Statistic approach
$17,000,000
ML approach
$17,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$15,290,000
Current use
RETAIL STORES
$20,985,000
Change: +37% · Conversion: Easy
RESTAURANT
$19,160,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$18,180,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$13,095,000
Change: -14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$12,900,000
Change: -16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,875,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$17.00M
Range $15.30M – $18.70M · ±10% · vs last sale $17.00M (Dec 6 2024)
Last sale anchor
$17.00M
Dec 6 2024
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
$600 / 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
$83,919
Tax year 2024
Assessed value
$7,447,468
Assessed 2024
Previous assessed
$7,447,468
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$4,545,051
Assessed improvement
$2,902,417
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1981
Heating
NONE
Total area
28,338 SF
Lot
1.05 ac (45,576 SF)
Zoning code
CH00C3
APN
045-320-170
UPID
US09-1814883
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CH00C3 · San Carlos, CAZoning CH00C3 · permitted uses
CH00C3 · San Carlos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$15.3M
RETAIL STORES
Est. value
$21.0M
RESTAURANT
Est. value
$19.2M
OFFICE BUILDING
Est. value
$18.2M
COMMERCIAL (GENERAL)
Est. value
$13.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$12.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1981
Heating
NONE
Lot
1.05 ac
Current owner
From public records · entity-resolved
Shac 11 Ecr Apartments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1 CVS DR, WOONSOCKET, RI 02895-6146
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2024
—
Shac 11 Ecr Apartments LLC
Longs Drug Stores California LLC
Deed
related
—
Dec 6, 2024
$17,000,000
Shac 11 Ecr Apartments LLC
Longs Drug Stores California LLC
Grant Deed
$11,160,500 · Comerica 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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