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Property profile & analytics
OFF-MARKET
Estimated value
$93,135,000
Office buildings
1301 Shoreway Rd, Belmont, CA 94002-4151
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3703023
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Total area
148,919 SF
Lot
6.78 ac (295,249 SF)
Zoning code
M10000
APN
040-371-110
UPID
US09-3703023
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
-
Jeffrey Javerbaum, MD Physician Medical Clinic
-
Lincoln Club of Northern Ca Volunteer Organization Charitable Organization
-
Roche Molecular Systems Corporate Office
-
Dr. Nichole Barry, MD - SOAR Medical Physician
-
Bina Technologies Inc. (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$78.27M
Comparable Approach
Comparable
$112.79M
Blend (final)
Blend
$93.14M
Owner & transaction history
1 Shoreway Owner LLC · 4 yrs held
1 Shoreway Owner LLC
since 2021
Last sale
$90.3M
7 recorded transactions
Zoning & alternative use
M10000 · Belmont, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$100.7M
+5.4%
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
$94,125,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$84,790,000
6.5%
$78,270,000
7%
$72,680,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$95,525,000
Current use
RESTAURANT
$100,695,000
Change: +5% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$80,365,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$93.14M
Range $83.82M – $102.45M · ±10% · vs last sale $90.25M (Nov 19 2021)
Last sale anchor
$90.25M
Nov 19 2021
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
$625 / 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
$1,064,693
Tax year 2024
Assessed value
$93,896,100
Assessed 2024
Previous assessed
$93,896,100
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$73,088,100
Assessed improvement
$20,808,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1983
Heating
NONE
Stories
4
Total area
148,919 SF
Lot
6.78 ac (295,249 SF)
Zoning code
M10000
APN
040-371-110
UPID
US09-3703023
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M10000 · Belmont, CA
Zoning M10000 · permitted uses
M10000 · 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
OFFICE BUILDING Current
Est. value
$95.5M
RESTAURANT
Est. value
$100.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$80.4M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
Year built
1983
Heating
NONE
Stories
4
Lot
6.78 ac
Current owner
From public records · entity-resolved
1 Shoreway Owner LLC
Entity
Mailing address
160 S BOVET RD STE #101, SAN MATEO, CA 94402-3123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2025
—
1 Shoreway Owner LLC
—
Deed
related
$8,430,000 · Bgo Us Lending Seller I LLC
May 6, 2022
—
1 Shoreway Owner LLC
—
Deed
related
$74,620,000 · Bgo Us Lending Seller I LLC
Nov 19, 2021
$90,250,000
1 Shoreway Owner LLC
Westlake Shoreway LLC
Grant Deed
—
Mar 22, 2017
—
Westlake Shoreway LLC
—
Deed
related
$31,000,000 · Miscellaneous Ins Co
Oct 6, 2016
$61,000,000
Westlake Gresham Center LLC
Eci Two Belmont LLC
Grant Deed
—
Dec 22, 2006
—
Eci Two Belmont LLC
—
Deed Of Trust
related
$18,000,000 · Bank Of America
Jul 20, 2005
—
Borel Private Bank & Trust Co
F & S Properties LLC
Grant Deed
—
Dec 1, 1999
—
1001 E Hillsdale LLC
1301 Shoreway Assoc LP
Grant Deed
$2,161,653 · Borel Bank & Trust
Apr 30, 1996
—
1301 Shoreway Assoc LP
Whtr Real Estate LP
Grant Deed
$10,000,000 · Prudential Insurance Of Americ
Oct 20, 1995
—
Whtr Real Estate LP
—
Deed Of Trust
related
$133,771,914 · General Electric Capital Corp
Oct 3, 1994
—
Whtr Real Estate LP
Travelers Insurance
Grant Deed
related
—
Apr 2, 1993
—
Travelers Insurance Co
First American T
Trustees Deed
related
—
—
—
J. Kuebelbeck
—
Deed Of Trust
related
$60,000 · Carr Mcclellan Ing
—
—
Westlake Shoreway LLC
—
Deed Of Trust
related
$31,000,000 · Miscellaneous Ins Co
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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