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Property profile & analytics
OFF-MARKET
Industrial land
101 Little Morro Crk Rd Morro Bay, CA 93442
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-4951720
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1953
Construction
WOOD FRAME
Total area
884 SF
Lot
0.3 ac (13,175 SF)
Zoning code
M1
APN
068-183-020
UPID
US09-4951720
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Douglas A Lowe · 2 yrs held
Douglas A Lowe
since 2024
Last sale
$80,000
7 recorded transactions
Zoning & alternative use
M1 · Morro Bay, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Morro Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morro Bay 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,156
Tax year 2024
Assessed value
$104,628
Assessed 2024
Previous assessed
$104,628
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$103,763
Assessed improvement
$865
Applied tax rate
6.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1953
Construction
WOOD FRAME
Heating
NONE
Rooms
2
Bathrooms
1
Total area
884 SF
Lot
0.3 ac (13,175 SF)
Zoning code
M1
APN
068-183-020
UPID
US09-4951720
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
M1 · Morro Bay, CA
Zoning M1 · permitted uses
M1 · Morro Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morro Bay. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
WOOD FRAME
Heating
NONE
Rooms
2
Bathrooms
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Douglas A Lowe
Individual
Mailing address
1198 WW ST, MORRO BAY, CA 93442-2036
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2024
—
Douglas A Lowe
Patricia J Wilson
Intrafamily Transfer
related
—
Jan 5, 2023
—
Douglas A Lowe
Douglas A Lowe
Intrafamily Transfer
related
—
Jan 12, 2012
$80,000
Douglas A Lowe
Saurwein Family Trust
Grant Deed
—
Mar 18, 2011
$100,000
Saurwein Family Trust
Green,allen & Janet L
Deed In Lieu Of Foreclosure
related
—
Oct 9, 2002
$125,000
Allen Green
Haagensen,larry J
Grant Deed
$100,000 · Larry J Haagensen
Dec 21, 1999
$95,000
Larry J Haagensen
Amini,ali & Shirin
Grant Deed
$78,000 · Seller
Nov 17, 1998
$55,000
Ali Amini
Seaberg,christopher A
Grant Deed
—
Jun 3, 1998
$20,000
Seaberg,christopher A
Minugh Bros Construction Co
Trustees Deed
—
—
—
Allen Green
—
Deed Of Trust
related
$100,000 · Saurwein Family Living Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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