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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Retail space
1125 San Carlos Ave 1139 San Carlos, CA 94070-2417
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3818456
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Total area
4,900 SF
Lot
0.1 ac (4,500 SF)
Zoning code
CRH000
APN
050-133-470
UPID
US09-3818456
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
-
Red Hot Chilli Pepper Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.26M
Owner & transaction history
Balushian 2019 Trust · 7 yrs held
Balushian 2019 Trust
since 2019
7 recorded transactions
Zoning & alternative use
CRH000 · San Carlos, CA
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
$256 / 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
$28,456
Tax year 2024
Assessed value
$842,037
Assessed 2024
Previous assessed
$842,037
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$387,801
Assessed improvement
$454,236
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
1948
Heating
NONE
Total area
4,900 SF
Lot
0.1 ac (4,500 SF)
Zoning code
CRH000
APN
050-133-470
UPID
US09-3818456
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CRH000 · San Carlos, CA
Zoning CRH000 · permitted uses
CRH000 · San Carlos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Carlos. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Lot
0.1 ac
Current owner
From public records · entity-resolved
Balushian 2019 Trust
Trust
Mailing address
1950 SAINT FRANCIS WAY, SAN CARLOS, CA 94070-4745
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2019
—
Balushian 2019 Trust
Balushian,razmik
Quit Claim Deed
related
—
Mar 22, 2019
—
Vic Balushian Trust
—
Deed
related
$1,215,000 · Fremont Bank
Dec 3, 2015
—
Balushian 2015 Trust
Balushian,vic
Quit Claim Deed
related
—
Feb 7, 2014
—
Razmik Balushian
Balushian,vera
Quit Claim Deed
related
$1,350,000 · Bbcn Bk
Dec 24, 2012
—
Vic Balushian
Vhb Ents INC
Grant Deed
—
May 14, 1996
—
V H B Enterprises INC
—
Grant Deed
related
$575,000 · Heller First Capital
Feb 14, 1996
—
V H B Enterprises INC
Haftvani,vahan B
Grant Deed
related
—
—
—
Vhb Ents INC
—
Deed Of Trust
related
$590,000 · R & R Mortgage Fund LLC
—
—
Vhb Ents INC
—
Deed Of Trust
related
$600,000 · Bank Of The West
—
—
V H B Ents INC
—
Deed Of Trust
related
$150,000 · Poblacion Ernesto Y Trust
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
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