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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Office buildings
1022 Ml St San Luis Obispo, CA 93401-2705
Entity Owned
Free & Clear
Property ID
US09-0912598
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Construction
TILT-UP CONCRETE
Total area
2,447 SF
Lot
0.21 ac (9,050 SF)
Zoning code
O
APN
002-314-036
UPID
US09-0912598
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
-
Amanda Caldwell, LMFT Family Counselor Marriage Or Relationship Counselor
-
Sig M Haddad & Associates Law Firm
-
Mc Lennan William R Law Firm
-
Marina Garza Family Counselor
-
Katie Wuethrich Marriage Or Relationship Counselor Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.05M
Owner & transaction history
Slomurphy LLC
Slomurphy LLC
since 2026
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
O · San Luis Obispo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+16.0%
Auto repair, garage
$1.1M
+0.8%
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
Method
Estimation
Statistic approach
$1,260,000
ML approach
$1,150,000
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$745,000
7%
$695,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,110,000
Current use
COMMERCIAL (GENERAL)
$1,290,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,120,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$1,045,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $1.00M (Feb 16 2022)
Last sale anchor
$1.00M
Feb 16 2022
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
$427 / 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
$11,498
Tax year 2024
Assessed value
$1,040,400
Assessed 2024
Previous assessed
$1,040,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$702,270
Assessed improvement
$338,130
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1925
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
YES
Rooms
7
Bathrooms
1
Total area
2,447 SF
Lot
0.21 ac (9,050 SF)
Zoning code
O
APN
002-314-036
UPID
US09-0912598
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
O · San Luis Obispo, CA
Zoning O · permitted uses
O · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
Yes
Rooms
7
Bathrooms
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Slomurphy LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 2011, TEMPLETON, CA 93465-2011
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2026
—
Slomurphy LLC
Murphy William
Grant Deed
related
—
Apr 21, 2026
$1,200,000
Murphy William
Derek Leggitt
Grant Deed
$1,000,000
Feb 16, 2022
$1,000,000
Jason D Leggitt
Sig Haddad Mansour
Grant Deed
—
Feb 3, 2021
—
Sig Haddan Mansour
Sabah Al Hadad
Intrafamily Transfer
related
—
Oct 2, 2002
$760,000
Haddad Properties LLC
Kennedy,virginia M
Grant Deed
$550,000 · Coast National Bank
Jul 27, 1995
$275,000
Virginia M Kennedy
Deverell,corrine
Grant Deed
$247,500 · Harold Tognazzini Estate
—
—
Virginia M Kennedy
—
Deed Of Trust
related
$240,000 · Coast National Bank
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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