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Property profile & analytics
FOR SALE
Grocery and convenience stores
1133 Old County Rd San Carlos, CA 94070
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2556335
For Sale
1 / 3
$24,972,000
1133 Old County Rd, San Carlos, CA 94070
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1991
Total area
43,689 SF
Lot
3.58 ac (156,077 SF)
Zoning code
PM0000
APN
046-171-160
UPID
US09-2556335
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
-
Lucky Pharmacy Pharmacy
-
Amazon Locker - Boma Courier Service Postal Service
-
Bank of America ATM Atm
-
Lucky Grocery & Convenience Store Food Market
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.12M
Owner & transaction history
Save Mart Portfolio Owner Fund · 5 yrs held
Save Mart Portfolio Owner Fund
since 2020
5 recorded transactions
Zoning & alternative use
PM0000 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,595,000
6.5%
$17,165,000
7%
$15,940,000
Blend value · Realmo final
$14.12M
Range $12.70M – $15.53M · ±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
$323 / 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
$304,866
Tax year 2024
Assessed value
$22,889,781
Assessed 2024
Previous assessed
$22,889,781
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$16,024,240
Assessed improvement
$6,865,541
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Sale
Year built
1991
Heating
NONE
Stories
1
Total area
43,689 SF
Lot
3.58 ac (156,077 SF)
Zoning code
PM0000
APN
046-171-160
UPID
US09-2556335
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
PM0000 · San Carlos, CA
Zoning PM0000 · permitted uses
PM0000 · 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
1991
Heating
NONE
Stories
1
Lot
3.58 ac
Current owner
From public records · entity-resolved
Save Mart Portfolio Owner Fund
Entity
Free & Clear · 5 yrs held
Mailing address
1800 STANDIFORD AVE, MODESTO, CA 95350-0180
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2026
—
Save Mart Portfolio Owner Fund V Ca
—
Deed
related
$185,000,000 · Natixis New York Branch
Jan 22, 2021
—
Save Mart Portfolio Owner Fun V Ca
—
Deed
related
$416,800 · Wells Fargo Bank NA
Nov 20, 2020
$20,087,500
Save Mart Portfolio Owner Fund
Lsp Properties LLC
Grant Deed
related
—
Jun 25, 2008
—
Lsp Properties LLC
—
Deed Of Trust
related
$420,000,000 · Bank Of Montreal
Oct 10, 2006
—
Lsp Properties LLC
Lucky Stores Properties INC
Warranty Deed
$168,927,970 · Greenwich Capital Financial Product
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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