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Property profile & analytics
FOR LEASE
Retail space

1464 El Camino Real Belmont, CA 94002

0.21 ac lot
Individually Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US09-1724563
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.21 ac (9,001 SF)
Zoning code C30000
APN 045-248-290
UPID US09-1724563
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
  • California Sports & Cyclery (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.88M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.93M
Owner & transaction history
Jeffrey Obertelli · 4 yrs held
Jeffrey Obertelli
since 2022
Last sale
$2.0M
4 recorded transactions
2022
Price N/A
2021
Price N/A
2021
$2.0M
2014
Price N/A
Zoning & alternative use
C30000 · Belmont, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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