Entity Owned Property summary
AI-generated overview
The property is a standalone retail building configured for a single-tenant supermarket use and was operated as a Lucky supermarket under a net-net-net (NNN) lease structure. It is located just off Highway 101 in north San Carlos, within a retail hub environment surrounded by national retailers. The building has an area of 43,689 square feet.
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
Current use
Occupant on record · Public records
-
Pharmacy
-
Courier Service Postal Service
-
Atm
-
Grocery & Convenience Store Food Market
-
Bank Credit Union
Location
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
since 2020
5 recorded transactions
Zoning & alternative use
PM0000 · San Carlos, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$14.12M
Value range
$12.70M – $15.53M
±10% around blend
Estimated value / SF
$323 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$12.70M
blend $14.12M
$15.53M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
43,689 SF
Lot area
3.58 ac
Year built
1991
Stories
1
APN
046-171-160
Zoning
PM0000
Assessed value
$22,889,781
Annual tax
$304,866
3
Income approach: direct capitalization
Partial preview
Income approach indication
$17.17M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$18.60M
@ 6.5% CAP return
$17.17M
@ 7% CAP return
$15.94M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$14.12M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 23 sales
$740
-56%
Submarket 23 sales
$740
-56%
County 208 sales
$509
-36%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $323/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$22.89M
Move the market yield to see immediate price impact.
Value / SF
$524
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.44M
$28.84M
$20.60M
$16.02M
$1.60M
$32.05M
$22.89M
$17.80M
$1.76M
$35.25M
$25.18M
$19.58M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
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, CAZoning PM0000 · permitted uses
PM0000 · San Carlos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Stories
1
Lot
3.58 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PM0000
Jurisdiction
San Carlos, CA
Recorded code
PM0000
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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