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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Retail space
241 Castro St Mountain View, CA 94041-1203
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3314561
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1952
Construction
TILT-UP CONCRETE
Total area
3,395 SF
Lot
0.12 ac (5,040 SF)
Zoning code
P(19)
APN
158-22-007
UPID
US09-3314561
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
-
Gelato Classico Italian Ice Cream Grocery & Convenience Store Specialty Food Shop
-
Molly Magees Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.12M
Owner & transaction history
Nolan,desmond A Trust · 7 yrs held
Nolan,desmond A Trust
since 2019
7 recorded transactions
Zoning & alternative use
P(19) · Mountain View, 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 Mountain View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountain View 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%
$1,530,000
6.5%
$1,410,000
7%
$1,310,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,570,000
Current use
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±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
$328 / 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
$20,092
Tax year 2024
Assessed value
$1,611,488
Assessed 2024
Previous assessed
$1,611,488
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$506,460
Assessed improvement
$1,105,028
Applied tax rate
5.0000
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
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
3,395 SF
Lot
0.12 ac (5,040 SF)
Zoning code
P(19)
APN
158-22-007
UPID
US09-3314561
Jurisdiction
SANTA CLARA
Zoning & alternative use
P(19) · Mountain View, CA
Zoning P(19) · permitted uses
P(19) · Mountain View, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountain View. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.6M
RETAIL STORES Current
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
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Nolan,desmond A Trust
Trust
Mailing address
46100 VIEWFIELD RD, MONTE SERENO, CA 95030
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2019
—
Nolan,desmond A Trust
Nolan,desmond
Quit Claim Deed
related
—
May 24, 2018
—
Big Stone LLC
Desmond Noland
Grant Deed
$2,000,000 · Comerica Bank
Jun 11, 2008
—
Desmond Nolan
Owner Name Unavailable
Grant Deed
related
$1,000,000 · First Republic Bank
Mar 29, 2002
—
Desmond Nolan
Nolan,juli
Quit Claim Deed
related
—
Feb 27, 1998
$1,050,000
Desmond Nolan
Ho,larry G & Frances H
Grant Deed
$650,000 · Wells Fargo Bank
Feb 13, 1998
$632,500
Chao-fu INC
Ho,larry G & Frances
Grant Deed
—
Feb 28, 1997
$623,000
Larry G Ho
Plottel Trust
Grant Deed
$490,000 · Grand Pacific Financing Corp
Feb 12, 1996
$280,000
Plottel Trust
Plottel,gary A & Cathy G
Grant Deed
related
$161,330 · Seller
—
—
Desmond Nolan
—
Deed Of Trust
related
$940,000 · Comerica 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.
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