Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1464 El Camino Real Belmont, CA 94002
    Property profile & analytics

    1464 El Camino Real, Belmont, CA 94002

    View on Map
    • Retail space
    • 0.21 lot acres
    For Lease
    $1,925,000
    View Listing →
    Stand-Alone Building on El Camino Real For Lease
    $1,925,000
    6,100 SF

    Stand-Alone Building on El Camino Real

    Stand-alone building ideal for retail, restaurant, or medical use.

    1464 El Camino Real, Belmont, CA 94002
    View Listing
    Property ID
    US09-1724563
    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
    $1,925,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • California Sports & Cyclery / (Bike/Boat/Book/etc) Store

    Property Details for 1464 El Camino Real

    Lot size
    0.21 lot acres
    Zone code
    C30000
    Property type
    Retail space
    APN
    045-248-290
    APU
    45248290

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 29, 2022 — Jeffrey Obertelli Jeff Obertelli Intrafamily Transfer · related —
    Nov 4, 2021 — Jeffrey Obertelli Jeff Obertelli Intrafamily Transfer · related —
    Aug 6, 2021 $2,000,000 1464 Ecr LLC Jeff Obertelli Grant Deed $1.2M · Bank Of San Francisco
    Apr 2, 2014 — Jeff Obertelli Obertelli,john L SR Affidavit Of Death · related —

    Description

    This exceptional 6,100 square foot stand-alone building, situated on an 8,984 square foot lot, presents a unique investment or owner-user opportunity. Currently featuring a month-to-month tenant paying below-market rent, this property offers significant upside potential. The flexible space is divisible to a minimum of 2,000 square feet, allowing for single or multi-tenant occupancy. Ideal for retail, restaurant, medical/dental, or pet hospital uses (subject to City of Belmont Planning approval). A rear alley provides potential for up to 12-13 parking spaces (subject to City approval), currently a gravel yard. The building boasts approximately 400 amps of power and is undergoing renovations. High average daily traffic counts and strong demographics in the area further enhance its appeal. This property offers high-density mixed-use redevelopment potential, making it an attractive proposition for long-term growth and investment. The property is currently leased, providing immediate income, while the below-market rent presents a clear path to increased profitability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,815,000
      ML approach
      $1,880,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Belmont
    County
    San Mateo
    State
    California
    Longitude
    -122.272
    Latitude
    37.5165
    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
    $25,243
    $1,664,640
    $416,160
    $2,080,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.30 Acres

      924 Ralston Ave

      RETAIL STORES (PERSONAL SERVICES)
      924 Ralston Ave, Belmont, CA 94002-2208
      View Details
    • Value Estimation
      $1,705,000
      8,894 SF

      690 El Camino Real

      RETAIL STORES (PERSONAL SERVICES)
      690 El Camino Real, Belmont, CA 94002-2122
      View Details
    • Value Estimation by Request
      0.85 Acres

      516 El Camino Real

      RETAIL STORES (PERSONAL SERVICES)
      516 El Camino Real, Belmont, CA 94002-2121
      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

    Similar Nearby for Sale

    • Contact for pricing

      Gated Belmont Oasis with Cabana

      Renovated Belmont home with park-like grounds and entertaining space.
      2207 Semeria Ave, Belmont, CA 94002
      View Details
    • Contact for pricing
      23,629 SF

      Belmont Multifamily Property for Sale

      Two-story, 19-unit apartment building in excellent Belmont location.
      2311 Carlmont Dr, Belmont, CA 94002
      View Details
    • Contact for pricing
      24,000 SF

      Class A Office Building

      High-end office building with views and abundant parking.
      19 Davis Dr, Belmont, CA 94002
      View Details
    • $65,000
      860 SF

      6th Ave Ave, Belmont, CA 94002

      Investment properties
      6th Ave Ave, Belmont, CA 94002
      View Details
    • New
      $2,500,000
      1.54 Acres

      Residential Land Near Cul-de-Sac

      Front portion of a lot positioned near a paved cul-de-sac with existing utilities, with preliminary subdivision materials available.
      3900-A Marsten Ave, Belmont, CA 94002
      View Details
    • $3,561,442
      2,916 SF

      Belmont Commercial Land - Development Opportunity

      Prime Belmont location, ideal for apartment complex.
      1220 Sixth Ave, Belmont, CA 94002
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      670 SF

      Retail Space on El Camino

      End-cap retail space with frontage on El Camino Real.
      1501 El Camino Real, Belmont, CA 94002
      View Details
    • Contact for pricing

      Prime Retail Space in Belmont

      Retail space available on the busiest corner in Belmont.
      880 Ralston Ave, Belmont, CA 94002
      View Details
    • Contact for pricing
      4,399 SF

      Retail Space Near Caltrain Station

      Retail space available in a high-traffic Belmont location.
      910 Ralston Ave, Belmont, CA 94002
      View Details
    • Contact for pricing
      15,288 SF

      Retail Space Near Caltrain Station

      Retail space for lease near Belmont Caltrain Station.
      900 Ralston Ave, Belmont, CA 94002
      View Details
    • Contact for pricing

      Stand-Alone Building on El Camino Real

      Stand-alone building ideal for retail, restaurant, or medical use.
      1464 El Camino Real, Belmont, CA 94002
      View Details
    • Contact for pricing
      4,378 SF

      Belmont Warehouse and Flex Space

      Warehousing, flex, and creative office spaces available for immediate occupancy.
      266 Harbor Blvd, Belmont, CA 94002
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1464 El Camino Real
    Belmont, CA 94002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1464 El Camino Real, Belmont, CA, 94002
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!