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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
2651 Cabrillo N Hwy Half Moon Bay, CA 94019-1357
Individually Owned
12-yr Hold
Free & Clear
Property ID
US09-2039515
Property profile
Verified
Property type
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Lot
1.11 ac (48,250 SF)
Zoning code
RM0000
APN
048-300-240
UPID
US09-2039515
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
2651 North Cabrillo Highway Ll · 12 yrs held
2651 North Cabrillo Highway Ll
since 2013
7 recorded transactions
Zoning & alternative use
RM0000 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$895
Tax year 2024
Assessed value
$56,480
Assessed 2024
Previous assessed
$56,480
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$56,480
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
Off-Market
Heating
NONE
Lot
1.11 ac (48,250 SF)
Zoning code
RM0000
APN
048-300-240
UPID
US09-2039515
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
RM0000 · Half Moon Bay, CA
Zoning RM0000 · permitted uses
RM0000 · 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
Heating
NONE
Lot
1.11 ac
Current owner
From public records · entity-resolved
2651 North Cabrillo Highway Ll
Individual
Free & Clear · 12 yrs held
Mailing address
PO BOX 3756, SALINAS, CA 93912-3756
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Jan 29, 2019
—
2651 N Cabrillo Higeway LLC
—
Grant Deed
related
$13,000,000 · Rabobank
Aug 19, 2013
$150,000
2651 North Cabrillo Highway Ll
Pearlstein J & L Trust
Grant Deed
—
May 27, 2011
—
Pearlstein Jack & Linda Trust
—
Deed Of Trust
related
$25,669,000 · Wells Fargo Bank
Mar 4, 2011
—
Pearlstein Jack & Linda Trust
—
Deed Of Trust
related
$25,419,000 · Wells Fargo Bank
Sep 7, 2010
—
Pearlstein Jack & Linda Trust
—
Deed Of Trust
related
$25,419,000 · Wells Fargo Bank
Dec 6, 2001
—
Pearlstein Trust
Pearlstein,jack
Quit Claim Deed
related
—
Sep 30, 1999
—
Jimmy Simon
Simon,jimmy
Quit Claim Deed
related
—
Sep 30, 1999
$1,000,000
Pearlstein,jack
Simon,jimmy
Trustees Deed
—
Mar 17, 1997
—
Pearlstein Trust
Pearlstein Trust
Quit Claim Deed
related
—
—
—
2651 North Cabrillo Highway Ll
—
Deed Of Trust
related
$2,086,005 · Growers Transplanting INC
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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