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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Warehouses
200 Old County Rd Belmont, CA 94002-2461
Trust Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2373704
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1959
Total area
1,140 SF
Lot
0.02 ac (937 SF)
Zoning code
C40000
APN
044-153-030
UPID
US09-2373704
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
-
jerk n' pickle Big Box & Wholesale Store
-
Made Out Of Dough Bakery Specialty Food Shop
-
Dom’s Nom’s Catering Take-out & Catering Catering Service
-
Goudy's French Cuisine Food Processing Plant Factory
-
Japateam Sushi Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$657k
Blend (final)
Blend
$500k
Owner & transaction history
Ewing Leslie K Trust · 15 yrs held
Ewing Leslie K Trust
since 2010
5 recorded transactions
Zoning & alternative use
C40000 · Belmont, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$730,000
+67.6%
Neighborhood: shopping center
$615,000
+41.0%
Retail stores
$580,000
+32.9%
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 Belmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belmont 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$435,000
Current use
OFFICE BUILDING
$730,000
Change: +68% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$615,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$580,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$525,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$520,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$439 / 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
$4,568
Tax year 2024
Assessed value
$286,140
Assessed 2024
Previous assessed
$286,140
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$154,798
Assessed improvement
$131,342
Applied tax rate
3.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1959
Heating
NONE
Total area
1,140 SF
Lot
0.02 ac (937 SF)
Zoning code
C40000
APN
044-153-030
UPID
US09-2373704
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C40000 · Belmont, CA
Zoning C40000 · permitted uses
C40000 · Belmont, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$435,000
OFFICE BUILDING
Est. value
$730,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$615,000
RETAIL STORES
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$520,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1959
Heating
NONE
Lot
0.02 ac
Current owner
From public records · entity-resolved
Ewing Leslie K Trust
Trust
Free & Clear · 15 yrs held
Mailing address
718 LAURELWOOD DR, SAN MATEO, CA 94403-4030
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2010
—
Ewing Leslie K Trust
Ewing,leslie K
Quit Claim Deed
related
—
Oct 27, 2010
—
Leslie K Ewing
Ewing Family 1998 Trust
Quit Claim Deed
related
—
Feb 9, 1998
—
Ewing Trust
Ewing,leslie S
Quit Claim Deed
related
—
Aug 27, 1997
—
Leslie S Ewing
Kelley Trust
Grant Deed
related
—
Jan 27, 1989
$153,000
E. Kelley
Cauchi,g./kent,r
Grant Deed
$100,000 · Borel Bank & Trust
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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