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    1004 Paso Robles St Paso Robles, CA 93446
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    Property profile & analytics

    1004 Paso Robles St, Paso Robles, CA 93446

    View on Map
    • Warehouses
    • 3,431 SF
    • 0.46 lot acres
    Off-Market
    Property ID
    US10-2032284
    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
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1004 Paso Robles St

    Year built
    1947
    Construction
    STEEL FRAME
    Lot size
    0.46 lot acres
    Zone code
    RSC
    Property type
    Warehouses
    APN
    009-114-008
    APU
    9114008

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 7, 2017 — 1004 Paso Robles LLC 1004 Paso Robles LLC Quit Claim Deed · related —
    Sep 26, 2017 — 1004 Paso Robles LLC — Deed · related $146k · Cen Cal Busn Fin
    Aug 16, 2017 $350,000 1004 Paso Robles LLC San Luis Obispo County Farm Supply Grant Deed $175k · Premier Valley Bank
    — — 1004 Paso Robles LLC — Deed Of Trust · related $146k · Cen Cal Busn Fin

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $650,000
      6.5%
      $600,000
      7%
      $555,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $354,000
      Market price range: $126k - $409k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $655,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Paso Robles
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.685
    Latitude
    35.6251
    CBSA code
    42020
    CBSA name
    SAN LUIS OBISPO-PASO ROBLES, 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
    $4,341
    $379,274
    $11,153
    $390,427
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      0.67 Acres

      3075 Blue Rock Rd

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      1.69 Acres

      2230 Golden Hl Rd

      MINI-WAREHOUSE, STORAGE
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      3,300 SF

      5060 Wing Way

      WAREHOUSE, STORAGE
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      125,812 SF

      Ardmore Rd

      Manufacturing properties
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    • Value Estimation by Request
      150,000 SF

      5175 Airport Rd

      Distribution properties
      5175 Airport Rd, Paso Robles, CA 93446
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    Similar Nearby for Sale

    • Contact for pricing
      124,144 SF

      Paso Robles Distribution Warehouse

      Freestanding building near highways and airport, build to suit.
      SE Of Engine St And Wisteria Ln, Paso Robles, CA 93446
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    • Contact for pricing
      23,017 SF

      Paso Robles Manufacturing/Warehouse Facility

      Well-maintained 23,017 SF manufacturing/warehouse facility with user-friendly access.
      325 Santa Bella, Paso Robles, CA 93446
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    • $1,950,000
      430,373.00 Acres

      Development-Ready Winery Site in Paso Robles

      9.88-acre site entitled for a 157,000+ sq. ft. winery.
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    • $1,100,000
      10,450 SF

      Paso Robles Commercial Facility

      Mixed-use commercial facility with ramp access at Paso Robles Airport.
      3150 Propeller B & C Dr, Paso Robles, CA 93446
      View Details
    • Contact for pricing
      52,096 SF

      Paso Robles Freestanding Building

      Freestanding building with dock high and ground level doors.
      SW Of Engine St And Wisteria Ln, Paso Robles, CA 93446
      View Details
    • Contact for pricing
      21,300 SF

      Paso Robles Freestanding Building

      Freestanding building with dock high and ground level doors.
      SE Of Engine St And Wisteria Ln, Paso Robles, CA 93446
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Paso Robles Industrial Warehouse

      Versatile 3,790 SF warehouse space in Paso Robles industrial corridor.
      2758 Danley Ct, Paso Robles, CA 93446
      View Details
    • Contact for pricing
      44,626 SF

      Paso Robles Freestanding Building

      Freestanding building with dock high and grade level loading doors.
      SE Of Engine St And Wisteria Ln, Paso Robles, CA 93446
      View Details
    • Contact for pricing
      28,900 SF

      Paso Robles Free Standing Building

      Free standing building with dock and ground level doors.
      SE Of Engine St And Wisteria Ln, Paso Robles, CA 93446
      View Details
    • Contact for pricing
      40,156 SF

      Temperature Controlled Warehouse For Sublease

      40,156 SF insulated warehouse with loading docks and office.
      4309 Second Wind Way, Paso Robles, CA 93446
      View Details
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    Paso Robles, CA 93446
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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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