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Property profile & analytics
OFF-MARKET
Turn key restaurants
1020 Railroad Ave San Luis Obispo, CA 93401-4450
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US09-1699520
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1915
Construction
WOOD
Total area
1,014 SF
Lot
0.11 ac (4,675 SF)
Zoning code
R1
APN
003-657-007
UPID
US09-1699520
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
Current use
Occupant on record · Public records
-
Cafe Roma Restaurant
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
Maro Partnership · 28 yrs held
Maro Partnership
since 1998
7 recorded transactions
Zoning & alternative use
R1 · San Luis Obispo, 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 San Luis Obispo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Luis Obispo 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
$11,667
Tax year 2024
Assessed value
$1,055,723
Assessed 2024
Previous assessed
$1,055,723
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$240,453
Assessed improvement
$815,270
Applied tax rate
3.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1915
Construction
WOOD
Heating
YES
Rooms
3
Bathrooms
1
Total area
1,014 SF
Lot
0.11 ac (4,675 SF)
Zoning code
R1
APN
003-657-007
UPID
US09-1699520
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
R1 · San Luis Obispo, CA
Zoning R1 · permitted uses
R1 · San Luis Obispo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Luis Obispo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1915
Construction
WOOD
Heating
YES
Rooms
3
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Maro Partnership
Entity
Mailing address
1020 RAILROAD AVE, SAN LUIS OBISPO, CA 93401-4450
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2019
—
Maro Ptshp
—
Deed
related
$96,500 · Coasthills Cu
Jul 14, 1998
—
Maro Partnership
Rizzo,saro G
Grant Deed
related
—
Mar 12, 1997
—
Saro Rizzo
—
Grant Deed
related
$700,000 · First Bank San Luis Obispo
Jan 31, 1996
$150,000
Saro Rizzo
B D C Development Corp
Grant Deed
$97,500 · Commerce Bank San Luis Obispo
—
—
Maro Ptshp
—
Deed Of Trust
related
$96,500 · Coasthills Cu
—
—
Maro Partnership
—
Deed Of Trust
related
$322,000 · First Bank San Luis Obispo
—
—
Maro Ptshp
—
Deed Of Trust
related
$436,500 · Founders Community Bank
—
—
Maro Ptshp
—
Deed Of Trust
related
$500,000 · Founders Community Bank
—
—
Marco Rizzo
—
Deed Of Trust
related
$100,000 · First Bank San Luis Obispo
—
—
Michael T Rice
—
Deed Of Trust
related
$56,000 · First Bank San Luis Obispo
—
—
Michael T Rice
—
Deed Of Trust
related
$6,000 · First Bank San Luis Obispo
—
—
Maro Partnership
—
Deed Of Trust
related
$460,000 · First Bank San Luis Obispo
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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