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Property profile & analytics
OFF-MARKET
Estimated value
$3,800,000
Retail space
1600 El Camino Real, San Carlos, CA 94070-5240
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-2308333
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1938
Total area
6,973 SF
Lot
0.13 ac (5,514 SF)
APN
051-372-010
UPID
US09-2308333
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
-
Bkg Structural Engineers Engineering Consultant Structural Engineer
-
Evars Collective (Bike/Boat/Book/etc) Store
-
Lencioni Construction Company, Inc. Construction Company
-
San Carlos Garage Door Repair Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.80M
CAP Approach
CAP
$2.74M
Comparable Approach
Comparable
$5.16M
Blend (final)
Blend
$3.80M
Owner & transaction history
Taycon Management LLC · 2 yrs held
Taycon Management LLC
since 2024
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 San Carlos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Carlos 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
$3,800,000
ML approach
$3,800,000
CAP Approach
CAP Return
Estimation
6%
$2,970,000
6.5%
$2,740,000
7%
$2,545,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,165,000
Current use
RESTAURANT
$4,715,000
Change: -9% · Conversion: Easy
OFFICE BUILDING
$4,475,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$3.80M
Range $3.42M – $4.18M · ±10% · vs last sale $3.80M (Apr 1 2024)
Last sale anchor
$3.80M
Apr 1 2024
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
$545 / 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
$45,013
Tax year 2024
Assessed value
$3,850,304
Assessed 2024
Previous assessed
$3,850,304
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,934,306
Assessed improvement
$1,915,998
Applied tax rate
11.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1938
Heating
NONE
Stories
1
Total area
6,973 SF
Lot
0.13 ac (5,514 SF)
APN
051-372-010
UPID
US09-2308333
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.2M
RESTAURANT
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.5M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
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
1938
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Taycon Management LLC
Entity
Mailing address
40 HAWTHORNE AVE, LOS ALTOS, CA 94022-3701
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2024
$3,800,000
Taycon Management LLC
Gary B Lencioni
Grant Deed
$3,200,000 · Gary B Lencioni 2004 Trust
Jun 22, 2017
—
Gary B Lencioni
Gary B Lencioni
Intrafamily Transfer
related
$2,000,000 · Wells Fargo Bank NA
Jun 1, 2017
$2,644,000
Lencioni,gary 2004 Trust
Boris Mark L Trust
Grant Deed
—
Dec 12, 2016
—
Edward L Wenger
Boris Mark L Trust
Quit Claim Deed
related
—
Jul 7, 2016
—
Boris,mark L Trust
—
Deed
related
$200,000 · Albert J Demartini JR Defined
Nov 27, 2012
—
Boris Mark L Trust
Boris,mark L
Quit Claim Deed
related
—
Feb 24, 2003
—
Mark L Boris
Boris,louis P & Loretta M
Quit Claim Deed
related
—
—
—
Boris,mark L Trust
—
Deed Of Trust
related
$600,000 · Albert J F III Demartini
—
—
Mark L Boris
—
Deed Of Trust
related
$150,000 · Secured Asset Funding
—
—
Boris,mark L Trust
—
Deed Of Trust
related
$200,000 · Albert J Demartini JR Defined
—
—
Mark L Boris
—
Deed Of Trust
related
$450,000 · Secured Asset Funding
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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