1464 El Camino RealBelmont, CA 94002

Property Details for 1464 El Camino Real

Lot size

0.21 AC

Zone code

C30000

Property type

Retail properties

Property subtype

Retail space

APN

045-248-290

APU

45248290

Description

This exceptional 6,100 square foot stand-alone building, situated on an 8,984 square foot lot, presents a unique investment or owner-user opportunity. Currently featuring a month-to-month tenant paying below-market rent, this property offers significant upside potential. The flexible space is divisible to a minimum of 2,000 square feet, allowing for single or multi-tenant occupancy. Ideal for retail, restaurant, medical/dental, or pet hospital uses (subject to City of Belmont Planning approval). A rear alley provides potential for up to 12-13 parking spaces (subject to City approval), currently a gravel yard. The building boasts approximately 400 amps of power and is undergoing renovations. High average daily traffic counts and strong demographics in the area further enhance its appeal. This property offers high-density mixed-use redevelopment potential, making it an attractive proposition for long-term growth and investment. The property is currently leased, providing immediate income, while the below-market rent presents a clear path to increased profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $9,351,280

  6.5%

  $8,631,951

  7%

  $8,015,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,372,407

  Geo Method

  $6,326,382

• Alternative Use

  Use

  Valuation

  Residential

  $7,281,374

  Hospitality

  $6,669,699

  Educational

  $5,549,111

  Medical

  $5,739,954

  Retail

  $8,631,951

Location Insight

City

Belmont

County

San Mateo

State

California

Latitude

37.5165

Longitude

-122.272

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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