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    Property profile & analytics
    OFF-MARKET Estimated value $1,200,000
    Retail space

    1191 Laurel St, San Carlos, CA 94070-5008

    0.02 ac lot
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US09-1829988
    Property summary
    AI-generated overview

    This exceptional mixed-use property in downtown San Carlos, CA, presents a unique owner-user or investment opportunity. The 1,700 square foot building, constructed in 1950, sits on a 1,016 square foot lot (APN 051-344-040) and is zoned MU SB 100. The property features a stylish retail showroom on the ground floor, currently operating on a month-to-month lease, offering flexibility for future plans. Above the retail space is a remodeled, spacious two-bedroom, one-bathroom apartment with abundant natural light from skylights and large windows. The apartment includes central heating and air conditioning, in-unit laundry, and a fully equipped kitchen with a dishwasher. Additional storage is available on the first floor. The apartment is currently vacant. The asking price is $1,300,000, resulting in a price per square foot of $764.71. This prime Laurel Street location is within walking distance of shopping, dining, and entertainment, offering easy access to Silicon Valley and the San Francisco Bay Area. The property is currently 50% occupied. This is a rare opportunity to own a mixed-use property in a highly desirable San Carlos location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Lot 0.02 ac (1,016 SF)
    APN 051-344-040
    UPID US09-1829988
    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
    • GRAND TILE AND CABINET Hardware & Home Improvement Furniture & Home Goods
    • Grand Tile & Cabinet Construction Company General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.20M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.20M
    Owner & transaction history
    Masalaonmymind LLC · 1 yrs held
    Masalaonmymind LLC
    since 2025
    Last sale
    $1.2M
    2 recorded transactions
    2025
    $1.2M
    2001
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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