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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Retail space
1401 Main St Montara, CA 94037-9800
Entity Owned
~
Est. High Equity
Property ID
US09-0920304
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1992
Total area
3,630 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C10000
APN
036-053-190
UPID
US09-0920304
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
-
Darke Room Gallery And Museum Art Gallery
-
Gregory Editions Fine Art Art Gallery
-
Borsini-Burr Gallery Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.23M
Owner & transaction history
T Mobile West LLC
T Mobile West LLC
since 2026
7 recorded transactions
Zoning & alternative use
C10000 · Montara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.0M
+6.1%
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 Montara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montara 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,545,000
6.5%
$1,425,000
7%
$1,325,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,845,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,960,000
Change: +6% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,680,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,650,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±10%
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
$339 / 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
$27,164
Tax year 2024
Assessed value
$1,952,153
Assessed 2024
Previous assessed
$1,952,153
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,025,160
Assessed improvement
$926,993
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
1992
Heating
NONE
Stories
2
Total area
3,630 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C10000
APN
036-053-190
UPID
US09-0920304
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C10000 · Montara, CA
Zoning C10000 · permitted uses
C10000 · Montara, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montara. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1992
Heating
NONE
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
T Mobile West LLC
Entity
Mailing address
PO BOX 371531, MONTARA, CA 94037-1531
Ownership since
2026
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
Mar 3, 2026
—
T Mobile West LLC
Darkeroom LLC
Deed
—
Sep 13, 2022
—
Darkeroom LLC
Charles B Darke
Quit Claim Deed
related
—
Apr 12, 2022
—
Benjamin Kopf Holding Co
Towne Motor Company
Grant Deed
—
Apr 5, 2018
$1,750,000
Charles B I Darke
Burr Dianne B Trust
Grant Deed
$300,000 · Burr Dianne B Trust (pt)
Apr 17, 2002
—
Stephen Oku
Oku,stephen & Roslyn
Quit Claim Deed
related
—
Apr 17, 2002
$750,000
Burr Trust
Oku,stephen & Roslyn
Grant Deed
—
Apr 21, 1995
$377,500
Stephen Oku
Liberty National Bank
Grant Deed
—
Dec 5, 1994
$402,703
Liberty Bank For Savings
Pepper,john W & Evelyn J
Trustees Deed
related
—
Aug 25, 1994
$86,243
Anselmo Development Co INC
Pepper,john W &
Trustees Deed
—
—
—
Burr,dianne B Trust
—
Deed Of Trust
related
$660,000 · United American Bank
—
—
Burr Dianne B Trust
—
Deed Of Trust
related
$250,000 · United American Bank
—
—
Burr,tr
—
Deed Of Trust
related
$272,000 · Mortgage Capital Dev Corp
—
—
Burr Trust
—
Deed Of Trust
related
$637,500 · Placer Sierra Bank
—
—
Burr Dianne B Trust
—
Deed Of Trust
related
$80,000 · United American Bank
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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