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Property profile & analytics
FOR LEASE
Retail residential properties
520 El Camino Real San Carlos, CA 94070
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-2264631
For Lease
1 / 6
$1,035,000
520 El Camino Real, San Carlos, CA 94070
View Listing →
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1949
Total area
2,100 SF
Lot
0.2 ac (8,875 SF)
Zoning code
CSH000
APN
050-074-020
UPID
US09-2264631
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
$1.04M
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.04M
Owner & transaction history
California Pacific Bank · 1 yrs held
California Pacific Bank
since 2025
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
CSH000 · San Carlos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+60.2%
Office building
$1.3M
+38.8%
Neighborhood: shopping center
$1.1M
+16.8%
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 San Carlos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Carlos 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
$1,035,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
$1,130,000
6.5%
$1,045,000
7%
$970,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$970,000
Current use
RETAIL STORES
$1,555,000
Change: +60% · Conversion: Easy
OFFICE BUILDING
$1,345,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,135,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$955,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $1.04M (Feb 20 2024)
Last sale anchor
$1.04M
Feb 20 2024
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
$493 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$129,553
Tax year 2023
Assessed value
$10,586,556
Assessed 2023
Previous assessed
$10,586,556
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$3,346,556
Assessed improvement
$7,240,000
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 residential properties
Use group
STORES & APARTMENTS
Status
For Lease
Year built
1949
Heating
NONE
Total area
2,100 SF
Lot
0.2 ac (8,875 SF)
Zoning code
CSH000
APN
050-074-020
UPID
US09-2264631
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CSH000 · San Carlos, CA
Zoning CSH000 · permitted uses
CSH000 · San Carlos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Carlos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$970,000
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$955,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1949
Heating
NONE
Lot
0.2 ac
Current owner
From public records · entity-resolved
California Pacific Bank
Entity
Free & Clear · 1 yrs held
Mailing address
34 PRIMROSE WAY, SAN RAMON, CA 94582-5590
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2025
$3,087,848
California Pacific Bank
Sun Carlos LLC
Deed
related
—
May 20, 2025
$3,087,848
California Pacific Bank
Sun Carlos LLC
Trust Deed
related
—
Apr 16, 2024
—
Ming He Fu
Sun Carlos LLC
Re-recorded Document
related
—
Feb 20, 2024
$1,036,000
Zhoyu Shi
Sun Carlos LLC
Grant Deed
—
Feb 14, 2024
$514,000
Shannon Armitage
Sun Carlos LLC
Grant Deed
$313,601 · Livecopper INC
Oct 2, 2023
$1,056,000
Wanhou Wang
Sun Carlos LLC
Grant Deed
—
Sep 7, 2023
$1,070,000
Patel Kirtan
Sun Carlos LLC
Grant Deed
$395,000 · Pnc Bank NA
Aug 7, 2023
$1,050,000
Saniya Jesupaul
Sun Carlos LLC
Grant Deed
$945,000 · Calcon Mutual Mortgage LLC
Jul 24, 2023
$1,104,000
Ming He Fu
Sun Carlos LLC
Grant Deed
$828,000 · New Dream Investment Corporation
Jul 24, 2023
—
Ming He Fu
Tina Xi Mei You
Intrafamily Transfer
related
—
May 9, 2019
—
Sun Carlos LLC
—
Trustees Deed
related
$150,000 · California Pacific Bk
Oct 14, 2016
—
Fariba Milani
Sarrafzadeh-milani Trust
Quit Claim Deed
—
Oct 14, 2016
$3,000,000
Sun Carlos LLC
Javaherian Living Trust
Grant Deed
—
Jul 2, 2014
$960,000
10 Barneson LLC
Bulanti,b J Charles & Frances M
Grant Deed
—
—
—
B J Charles Bulanti
—
Deed Of Trust
related
$35,000 · Shell Oil Co
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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