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Property profile & analytics
OFF-MARKET
Estimated value
$6,200,000
Super regional malls
20 Stone Pne Rd, Half Moon Bay, CA 94019-8204
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0088122
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1996
Total area
18,075 SF
Lot
1.65 ac (72,012 SF)
Zoning code
C200R2
APN
056-391-010
UPID
US09-0088122
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.20M
CAP Approach
CAP
$5.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.20M
Owner & transaction history
City Of Half Moon Bay · 2 yrs held
City Of Half Moon Bay
since 2024
Last sale
$6.2M
7 recorded transactions
Zoning & alternative use
C200R2 · Half Moon Bay, CA
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 Half Moon Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Half Moon Bay 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
$6,200,000
ML approach
$6,200,000
CAP Approach
CAP Return
Estimation
6%
$6,460,000
6.5%
$5,965,000
7%
$5,535,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$9,755,000
Current use
RETAIL STORES
$9,190,000
Change: -6% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,355,000
Change: -14% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,210,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$6.20M
Range $5.58M – $6.82M · ±10% · vs last sale $6.20M (Jan 19 2024)
Last sale anchor
$6.20M
Jan 19 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
$343 / 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
$133,989
Tax year 2024
Assessed value
$7,451,320
Assessed 2024
Previous assessed
$7,451,320
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$5,648,583
Assessed improvement
$1,802,737
Applied tax rate
17.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1996
Heating
NONE
Stories
1
Total area
18,075 SF
Lot
1.65 ac (72,012 SF)
Zoning code
C200R2
APN
056-391-010
UPID
US09-0088122
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C200R2 · Half Moon Bay, CA
Zoning C200R2 · permitted uses
C200R2 · Half Moon Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Half Moon Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$9.8M
RETAIL STORES
Est. value
$9.2M
COMMERCIAL (GENERAL)
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$8.2M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
1996
Heating
NONE
Stories
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
City Of Half Moon Bay
Entity
Mailing address
501 MAIN ST, HALF MOON BAY, CA 94019-1921
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2025
—
Abolmoluki Living Trust
—
Deed
related
$1,500,000 · East West Bank
Jan 19, 2024
—
City Of Half Moon Bay
Bahram Abolmoluki
Intrafamily Transfer
related
—
Aug 21, 2018
—
Abolmoluki Living Trust
Abolmoluki,bahram & Zohreh
Quit Claim Deed
related
—
Mar 10, 2014
$6,200,000
Bahram Abolmoluki
Shafae,kourosh & Bette
Grant Deed
—
Sep 18, 2013
$3,100,000
Kourosh Shafae
Milano,rogerio
Grant Deed
—
Feb 2, 2005
$4,800,000
Ruggero Milano
Nerhan,keet
Grant Deed
$3,360,000 · East West Bank
Sep 11, 1996
—
Keet Nerhan
Nerhan,nancy
Quit Claim Deed
related
$1,365,000 · Borel Bank & Trust
Mar 20, 1996
—
Keet Nerhan
Nerhan,nancy A
Quit Claim Deed
related
$540,000 · Comerica Bank California
—
—
Kourosh Shafae
—
Deed Of Trust
related
$4,000,000 · East West Bank
—
—
Keet S Nerhan
—
Deed Of Trust
related
$1,950,000 · Borel Bank & Trust
—
—
Ruggero Milano
—
Deed Of Trust
related
$900,000 · East West Bank
—
—
Keet S Nerhan
—
Deed Of Trust
related
$2,000,000 · Bank Of America
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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