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Property profile & analytics
OFF-MARKET
Retail space
118 Madrid Ave El Granada, CA 94018-8043
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2091968
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Total area
556 SF
Lot
0.05 ac (2,267 SF)
Zoning code
CL00C1
APN
047-045-010
UPID
US09-2091968
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ei Granada Lodging LLC · 5 yrs held
Ei Granada Lodging LLC
since 2020
Last sale
$225,000
5 recorded transactions
Zoning & alternative use
CL00C1 · El Granada, 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 El Granada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Granada 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
—
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
$5,136
Tax year 2024
Assessed value
$360,810
Assessed 2024
Previous assessed
$360,810
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$180,405
Assessed improvement
$180,405
Applied tax rate
87.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1957
Heating
NONE
Stories
1
Total area
556 SF
Lot
0.05 ac (2,267 SF)
Zoning code
CL00C1
APN
047-045-010
UPID
US09-2091968
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL00C1 · El Granada, CA
Zoning CL00C1 · permitted uses
CL00C1 · El Granada, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Granada. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Heating
NONE
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Ei Granada Lodging LLC
Entity
Mailing address
51 AVE ALHAMBRA, EL GRANADA, CA 94018
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
Sep 9, 2020
$225,000
Ei Granada Lodging LLC
Darla Davis
Grant Deed
$925,000 · Santa Cruz County Bank
Aug 11, 2017
$750,000
Darla Davis
Reed Of Kamper Family Trust
Grant Deed
$450,000 · Reed/kamper Family Trust (pt)
Aug 11, 2017
—
Reed Of Kamper Family Trust
—
Deed
related
$4,100 · El Granada Lands INC
Jun 17, 1998
—
Reed Trust
Reed,david T &
Quit Claim Deed
related
—
—
—
Reed Of Kamper Family Trust
—
Deed Of Trust
related
$4,100 · El Granada Lands INC
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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