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Property profile & analytics
FOR SALE
Retail properties & Spaces
2351 Cabrillo Hwy Half Moon Bay, CA 94019
Trust Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1169550
For Sale
1 / 2
$6,900,000
2351 Cabrillo Hwy, Half Moon Bay, CA 94019
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Year built
1958
Total area
161,809 SF
Lot
8.86 ac (385,921 SF)
Zoning code
A10000
APN
048-300-080
UPID
US09-1169550
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
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$765k
Owner & transaction history
Schickenberg Family Trust · 7 yrs held
Schickenberg Family Trust
since 2019
5 recorded transactions
Zoning & alternative use
A10000 · 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
by Request
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$5 / 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
$21,278
Tax year 2024
Assessed value
$2,863,005
Assessed 2024
Previous assessed
$2,863,005
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$2,034,245
Assessed improvement
$828,760
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
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 properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Status
For Sale
Year built
1958
Heating
NONE
Total area
161,809 SF
Lot
8.86 ac (385,921 SF)
Zoning code
A10000
APN
048-300-080
UPID
US09-1169550
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
A10000 · Half Moon Bay, CA
Zoning A10000 · permitted uses
A10000 · 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.
Building & site characteristics
From public records
Year built
1958
Heating
NONE
Lot
8.86 ac
Current owner
From public records · entity-resolved
Schickenberg Family Trust
Trust
Free & Clear · 7 yrs held
Mailing address
435 MIRAMAR DR, HALF MOON BAY, CA 94019-1372
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Apr 24, 2019
—
Schickenberg Family Trust
Schickenberg,manfred E & Kristine K
Quit Claim Deed
related
—
Mar 14, 2000
$1,900,000
Manfred E Schickenberg
Podesta,gerald T
Grant Deed
$800,000 · Zions First National Bank
Feb 11, 1999
$1,027,027
Gerald T Podesta
Podesta,gerald T & Virginia
Grant Deed
related
—
Feb 14, 1996
—
Podesta,gerald T
Rena Trust
Trustees Deed
related
—
—
—
Podesta Rena Tr
—
Deed Of Trust
related
$140,000 · First National Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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