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    1309 6th Ave Belmont, CA 94002-3817
    Property profile & analytics

    1309 6th Ave, Belmont, CA 94002-3817

    View on Map
    • Retail space
    • 4,105 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US09-2234856
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,210,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1309 6th Ave

    Year built
    1936
    Lot size
    0.14 lot acres
    Zone code
    C20000
    Property type
    Retail space
    APN
    045-245-200
    APU
    45245200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 28, 2024 — Blue Ox Grub LLC — Deed · related $1.1M · Five Star Bank
    Apr 9, 2015 $1,770,000 Blue Ox Grub LLC Nikoloff Virginia Grant Deed $1.3M · Keypoint Cu
    May 15, 2006 $1,514,000 Virginia Nikoloff Tabucchi Of Pearson Family Trust Grant Deed $1.1M · Chambers S E & N A Trust
    Mar 3, 1999 — Tabucchi Trust Tabucchi,james S & Trevlig D Quit Claim Deed · related —
    May 2, 1995 — Trevlig D Pearson Pearson-tabucchi,trevlig D Quit Claim Deed · related —
    — — Virginia Nikoloff — Deed Of Trust · related $764k · Sterling Savings Bank
    — — James S Tabucchi — Deed Of Trust · related $80k · Pan American Bank
    — — Beli Deli — Deed Of Trust · related $435k · Placer Financial Group LLC

    Description

    This exceptional mixed-use property, located at 1309 6th Avenue in Belmont, California (94002), presents a unique investment opportunity. The property boasts a total of 4,105 square feet, encompassing a vacant restaurant space and a separate residential unit. The restaurant, formerly known as Farm House, features approximately 45 indoor and 36 outdoor seating spaces. Built in 1936 and renovated in 2017, the two-story building sits on a 6,148 square foot corner lot, offering rare dedicated onsite parking. The property is zoned VC (Village Core) and includes a basement/wine cellar (approximately 478 square feet, not included in the total square footage) with a 6'10" ceiling height. The residential component is a four-bedroom home with two master suites and a basement. The property enjoys a prime location in Belmont, easily accessible from El Camino Real, Highway 101 & 280, and CalTrain (an 8-minute walk). The surrounding area features newly constructed, high-density residential developments, indicating strong future growth potential. The built-out patio area offers a scenic view of the surrounding hills, and the property's location within a dense, affluent residential area ensures a strong customer base. The asking price is $3,400,000, translating to $828.26 per square foot. Buyer to verify square footage.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,745,000
      6.5%
      $1,615,000
      7%
      $1,500,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,895,000
      AUTO REPAIR, GARAGE
      $1,865,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Belmont
    County
    San Mateo
    State
    California
    Longitude
    -122.275
    Latitude
    37.5175
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $33,755
    $1,095,801
    $989,757
    $2,085,558
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
      $1,705,000
      8,894 SF

      690 El Camino Real

      RETAIL STORES (PERSONAL SERVICES)
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      0.85 Acres

      516 El Camino Real

      RETAIL STORES (PERSONAL SERVICES)
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      View Details
    • Value Estimation
      $1,705,000
      4,970 SF

      564 El Camino Real

      RETAIL STORES (PERSONAL SERVICES)
      564 El Camino Real, Belmont, CA 94002-2121
      View Details
    • Value Estimation
      $635,000
      2,200 SF

      1328 El Camino Real

      RETAIL STORES (PERSONAL SERVICES)
      1328 El Camino Real, Belmont, CA 94002-3908
      View Details
    • Value Estimation by Request
      0.09 Acres

      230 El Camino Real

      RETAIL STORES (PERSONAL SERVICES)
      230 El Camino Real, Belmont, CA 94002-2018
      View Details

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    1309 6th Ave
    Belmont, CA 94002-3817
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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