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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Retail space
251 Main St Los Altos, CA 94022-2909
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2834512
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Construction
TILT-UP CONCRETE
Total area
2,380 SF
Lot
0.06 ac (2,632 SF)
Zoning code
CRS
APN
167-40-013
UPID
US10-2834512
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
-
Christopher Brock Photography Wedding Service Photography Service
-
Eco-Fash Discount Store
-
BSD Mobile Windshield Repair of Los Altos Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$1.90M
Owner & transaction history
Taycon Management LLC · 2 yrs held
Taycon Management LLC
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
CRS · Los Altos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.9M
+66.3%
Neighborhood: shopping center
$2.4M
+42.2%
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 Los Altos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Altos 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
$1,855,000
ML approach
$1,875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,720,000
Current use
OFFICE BUILDING
$2,860,000
Change: +66% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,445,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±10% · vs last sale $1.94M (Oct 31 2023)
Last sale anchor
$1.94M
Oct 31 2023
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
$798 / 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
$23,592
Tax year 2024
Assessed value
$1,935,000
Assessed 2024
Previous assessed
$1,935,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,300,000
Assessed improvement
$635,000
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
1959
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
2,380 SF
Lot
0.06 ac (2,632 SF)
Zoning code
CRS
APN
167-40-013
UPID
US10-2834512
Jurisdiction
SANTA CLARA
Zoning & alternative use
CRS · Los Altos, CA
Zoning CRS · permitted uses
CRS · Los Altos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Altos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
RETAIL STORES Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Taycon Management LLC
Entity
Free & Clear · 2 yrs held
Mailing address
40 HAWTHORNE AVE, LOS ALTOS, CA 94022-3701
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2025
—
Taycon Management LLC
—
Deed
related
$1,400,000 · Monterra Credit Union
Oct 31, 2023
$1,935,000
Taycon Management LLC
Kent K Nelson
Grant Deed
—
Dec 6, 2007
—
Nelson Kent K 2007 Trust
Nelson,kent
Quit Claim Deed
related
—
Oct 3, 2003
$1,125,000
Kent Nelson
Nelson,tr
Grant Deed
related
$2,250,000 · Luther Burbank Savings & Loan
Jan 2, 2003
—
K Nelson
Nelson,tr
Quit Claim Deed
related
—
Jul 22, 2002
—
Kent Nelson
Nelson,cary C
Quit Claim Deed
related
—
Jun 25, 2002
—
Kent Nelson
Nelson Trust
Quit Claim Deed
related
—
May 31, 1995
—
Nelson Trust
Nelson,barton D
Quit Claim Deed
related
—
—
—
Nelson Trust
—
Deed Of Trust
related
$500,000 · Wells Fargo Bank
—
—
Nelson Kent K 2007 Trust
—
Deed Of Trust
related
$550,000 · First Republic 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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