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    945 Ralston Ave, Unit 955 Belmont, CA 94002-2207
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    Property profile & analytics

    945 Ralston Ave, Unit 955, Belmont, CA 94002-2207

    View on Map
    • Retail space
    • 0.15 lot acres
    Off-Market
    Last Sale Dec 28, 2023
    $400,000
    Property ID
    US09-1351709
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gina.TonicSalon / Hair Salon
    • Brow Famous / Hair Salon
    • Tonic Salon / Hair Salon
    • Beautiful You by Christine - Belmont / Medical Clinic / Skin Care Clinic
    • Liz the Stylist / Consultant

    Property Details for 945 Ralston Ave

    Lot size
    0.15 lot acres
    Zone code
    C20000
    Property type
    Retail space
    APN
    045-182-020
    APU
    45182020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 28, 2023 $400,000 Belmont Menlo Partners LP Stockton Hammer Lane Grocery Partne Grant Deed —
    Jun 10, 2022 — First Republic Bank Belmont Menlo Partners LP Assignment Of Lease (leasehold Sale) $4.3M · First Republic Bank
    Jun 9, 2022 — Belmont Menlo Partners LP Belmont Menlo Partners LP Intrafamily Transfer · related —
    Dec 31, 2015 $712,500 Stockton Of Hammer Lane Grocery P Glik LLC Grant Deed —
    Apr 28, 2015 $311,000 Glik LLC Belmont Menlo Partners LP Grant Deed —
    Dec 23, 2010 $1,850,000 Braunfels Ih-35 Retail Ass New Steventon Willetta Trust Grant Deed —
    Dec 23, 2010 — Donald Krohn Steventon,willetta G Affidavit Of Death · related —
    — — Braunfels Ih-35 Retail Ass New — Deed Of Trust · related $4M · Isackson Barbara Family Trust
    — — Belmont Menlo Partners LP — Deed Of Trust · related $4M · Isaackson B Family Trust (it)

    Description

    This exceptional business opportunity presents a fully equipped, modern salon located at 945 Ralston Avenue in Belmont, California. Spanning 1200 square feet on a 0.15-acre lot, this turnkey operation is ready for immediate occupancy. The salon boasts seven hair styling stations, a dedicated manicure and pedicure area, and a private facial room, all designed with upscale finishes and modern aesthetics. High-quality, newer trade equipment is included in the sale, ensuring a smooth transition for the new owner. The space features recessed lighting and elegant chandeliers, creating a sophisticated and inviting atmosphere. A convenient kitchen with cabinets is available for staff use, along with a washer and dryer (installed less than a year ago) and additional storage space in the attic. Ample parking is provided at the rear of the building. This prime Belmont location offers excellent visibility and accessibility, making it an ideal investment for a seasoned salon professional or an ambitious entrepreneur looking to establish a thriving business. The asking price for this exceptional opportunity is $160,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Belmont
    County
    San Mateo
    State
    California
    Longitude
    -122.277
    Latitude
    37.5193
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $14,348
    $567,208
    $111,148
    $678,356
    -
    $0.00
    $0.00
    $0.00

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    Belmont, CA 94002-2207
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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