Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,550,000
Manufacturing properties
1141 Old County Rd Belmont, CA 94002-3941
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-2328092
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Total area
12,500 SF
Lot
0.53 ac (23,268 SF)
Zoning code
C40000
APN
040-332-260
UPID
US09-2328092
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
-
Retail Management Systems Business Management Consultant
-
SF Bay CPU Electronics & Wireless Store
-
Krutman Point of Sale Solution IT Consulting Firm (Bike/Boat/Book/etc) Store
-
beacon development inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.33M
CAP Approach
CAP
$8.81M
Comparable Approach
Comparable
$6.07M
Blend (final)
Blend
$6.55M
Owner & transaction history
1141 Old County Road LLC · 4 yrs held
1141 Old County Road LLC
since 2022
Last sale
$7.0M
4 recorded transactions
Zoning & alternative use
C40000 · Belmont, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.5M
+106.6%
Office building
$8.0M
+96.0%
Neighborhood: shopping center
$6.7M
+64.9%
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
$6,355,000
ML approach
$6,330,000
CAP Approach
CAP Return
Estimation
6%
$9,540,000
6.5%
$8,805,000
7%
$8,175,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,090,000
Current use
RESTAURANT
$8,450,000
Change: +107% · Conversion: Difficult
OFFICE BUILDING
$8,020,000
Change: +96% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,745,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$6,355,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,775,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,680,000
Change: +39% · Conversion: Easy
WAREHOUSE, STORAGE
$4,785,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$6.55M
Range $5.90M – $7.21M · ±10% · vs last sale $7.00M (Jun 3 2022)
Last sale anchor
$7.00M
Jun 3 2022
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
$524 / 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
$85,031
Tax year 2024
Assessed value
$7,282,800
Assessed 2024
Previous assessed
$7,282,800
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$5,097,960
Assessed improvement
$2,184,840
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
Heating
NONE
Total area
12,500 SF
Lot
0.53 ac (23,268 SF)
Zoning code
C40000
APN
040-332-260
UPID
US09-2328092
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
$4.1M
RESTAURANT
Est. value
$8.5M
OFFICE BUILDING
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
RETAIL STORES
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.7M
WAREHOUSE, STORAGE
Est. value
$4.8M
INDUSTRIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
Heating
NONE
Lot
0.53 ac
Current owner
From public records · entity-resolved
1141 Old County Road LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1141 OLD COUNTY RD, BELMONT, CA 94002-3941
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2022
$7,000,000
1141 Old County Road LLC
Patricia T Murphy
Grant Deed
—
Mar 3, 2020
—
Murphy Family Trust
Murphy Family Trust
Quit Claim Deed
related
—
Aug 10, 2018
—
S-b-e Co
—
Deed
related
$330,000 · Bank Of The West
—
—
S-b-e Co
—
Deed Of Trust
related
$330,000 · Bank Of The West
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1141 Old County Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
