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Property profile & analytics
OFF-MARKET
Estimated value
$295,000
Industrial land
1020 Farroll Rd Grover Beach, CA 93433-2752
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-0620432
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1935
Construction
WOOD FRAME
Total area
816 SF
Lot
0.16 ac (6,929 SF)
Zoning code
M
APN
060-546-020
UPID
US09-0620432
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
$270k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$295k
Owner & transaction history
City Of Pismo Beach
City Of Pismo Beach
since 2026
6 recorded transactions
Zoning & alternative use
M · Grover Beach, 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 Grover Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grover Beach 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
by Request
ML approach
$270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$295k
Range $266k – $325k · ±10%
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
$362 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,233
Tax year 2024
Assessed value
$195,000
Assessed 2024
Previous assessed
$195,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$195,000
Applied tax rate
5.0000
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
1935
Construction
WOOD FRAME
Heating
NONE
Rooms
2
Bathrooms
1
Total area
816 SF
Lot
0.16 ac (6,929 SF)
Zoning code
M
APN
060-546-020
UPID
US09-0620432
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
M · Grover Beach, CAZoning M · permitted uses
M · Grover Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1935
Construction
WOOD FRAME
Heating
NONE
Rooms
2
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
City Of Pismo Beach
Entity
Free & Clear · 0 yrs held
Mailing address
532 CAMINO MERCADO, ARROYO GRANDE, CA 93420-1814
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
$395,000
City Of Pismo Beach
Camino Media Office Park LLC
Grant Deed
—
Apr 11, 2012
—
Camino Media Office Park LLC
Grover Business Park LLC
Grant Deed
—
Jul 27, 2004
—
Grover Business Park LLC
S & S Homes Of The Ctrl Coast
Grant Deed
related
—
Oct 28, 1999
$120,000
S & S Homes Of The Central
Polly Trust
Grant Deed
$84,000 · Mid State Bank
Dec 30, 1994
—
Polly Trust
Polly,era D
Quit Claim Deed
related
—
Oct 28, 1993
$75,000
Era D Polly
Scott,mary
Grant Deed
$75,000 · Seller
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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