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Property profile & analytics
OFF-MARKET
Estimated value
$2,360,000
Retail space
401 Ave Alhambra El Granada, CA 94018
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2134936
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Total area
6,852 SF
Lot
0.34 ac (15,000 SF)
Zoning code
CL00C1
APN
047-123-230
UPID
US09-2134936
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
$2.45M
CAP Approach
CAP
$2.69M
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$2.36M
Owner & transaction history
Harper & Hero LLC · 5 yrs held
Harper & Hero LLC
since 2021
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
CL00C1 · El Granada, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.7M
+6.1%
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 El Granada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Granada 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
$2,400,000
ML approach
$2,445,000
CAP Approach
CAP Return
Estimation
6%
$2,915,000
6.5%
$2,690,000
7%
$2,500,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,485,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,700,000
Change: +6% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,165,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,115,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.36M
Range $2.12M – $2.60M · ±10% · vs last sale $2.30M (Apr 2 2021)
Last sale anchor
$2.30M
Apr 2 2021
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
$344 / 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
$33,968
Tax year 2024
Assessed value
$2,440,777
Assessed 2024
Previous assessed
$2,440,777
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,432,630
Assessed improvement
$1,008,147
Applied tax rate
87.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1946
Heating
NONE
Stories
2
Total area
6,852 SF
Lot
0.34 ac (15,000 SF)
Zoning code
CL00C1
APN
047-123-230
UPID
US09-2134936
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL00C1 · El Granada, CA
Zoning CL00C1 · permitted uses
CL00C1 · El Granada, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Granada. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1946
Heating
NONE
Stories
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Harper & Hero LLC
Entity
Mailing address
41 MERCEDES WAY, SAN FRANCISCO, CA 94127-2729
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2021
—
Harper & Hero LLC
—
Deed
related
$962,000 · The Mortgage Capital Development Corp
Apr 2, 2021
$2,300,000
Harper & Hero LLC
Sharon Salet
Grant Deed
$1,185,000 · Newtec Business Lending LLC
Sep 5, 2019
—
Daher S Administrative Trust
Daher Bette Exemption Trust
Quit Claim Deed
related
—
Dec 2, 2011
—
Ronald J Daher
Daher,sam
Affidavit Of Death
related
—
Apr 13, 1999
—
Daher Trust
Daher Trust
Quit Claim Deed
related
—
Dec 19, 1995
—
Sam Daher Trustee
Daher,sam & Bette
Quit Claim Deed
related
—
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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