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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Car washes
1023 Marsh St San Luis Obispo, CA 93401-3629
Trust Owned
11-yr Hold
Free & Clear
Property ID
US09-2363370
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1955
Construction
TILT-UP CONCRETE
Total area
1,260 SF
Lot
0.22 ac (9,500 SF)
Zoning code
CD
APN
002-443-018
UPID
US09-2363370
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
-
Royal car wash and detail shop Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$917k
Blend (final)
Blend
$680k
Owner & transaction history
Ramirez,richard J SR Trust · 11 yrs held
Ramirez,richard J SR Trust
since 2015
5 recorded transactions
Zoning & alternative use
CD · San Luis Obispo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$665,000
+15.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$575,000
Current use
COMMERCIAL (GENERAL)
$665,000
Change: +15% · Conversion: Moderate
OFFICE BUILDING
$570,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$535,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$540 / 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
$6,840
Tax year 2024
Assessed value
$618,882
Assessed 2024
Previous assessed
$618,882
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$503,957
Assessed improvement
$114,925
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
1,260 SF
Lot
0.22 ac (9,500 SF)
Zoning code
CD
APN
002-443-018
UPID
US09-2363370
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CD · San Luis Obispo, CA
Zoning CD · permitted uses
CD · 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
AUTO REPAIR, GARAGE Current
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$665,000
OFFICE BUILDING
Est. value
$570,000
MEDICAL BUILDING
Est. value
$535,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.22 ac
Current owner
From public records · entity-resolved
Ramirez,richard J SR Trust
Trust
Free & Clear · 11 yrs held
Mailing address
1023 MARSH ST, SAN LUIS OBISPO, CA 93401-3629
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2015
—
Ramirez,richard J SR Trust
Ramirez Richard J SR
Quit Claim Deed
related
—
Mar 1, 2010
—
Richard J Ramirez SR.
Ramirez J M Living 1990 Trust
Quit Claim Deed
related
—
Feb 26, 2010
—
Ramirez Richard J SR Tr
Ramirez,joseph M
Affidavit Of Death
related
—
Apr 29, 1996
—
Ramirez Trust
Ramirez,joseph M
Quit Claim Deed
related
—
Jan 9, 1991
$350,000
Joseph M Ramirez
Shevlin,thomas C
Grant Deed
$200,000 · 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.
Try Rey
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