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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Retail space
1027 Marsh St San Luis Obispo, CA 93401-3643
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1632435
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1953
Construction
WOOD
Total area
2,640 SF
Lot
0.04 ac (1,785 SF)
Zoning code
CD
APN
002-443-015
UPID
US09-1632435
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
-
Socialli Marketing & Advertising
-
True West Tattoo Tattoo & Piercing Shop
-
The Photo Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$935k
Owner & transaction history
William D Isaman · 3 yrs held
William D Isaman
since 2023
Last sale
$940,000
7 recorded transactions
Zoning & alternative use
CD · San Luis Obispo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+57.5%
Auto repair, garage
$1.2M
+36.8%
Office building
$1.2M
+35.8%
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
$1,240,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
RETAIL STORES
$880,000
Current use
COMMERCIAL (GENERAL)
$1,390,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,205,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$1,200,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$1,125,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $940k (Apr 4 2023)
Last sale anchor
$940k
Apr 4 2023
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
$354 / 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
$10,596
Tax year 2024
Assessed value
$958,800
Assessed 2024
Previous assessed
$958,800
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$357,000
Assessed improvement
$601,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
NONE
Total area
2,640 SF
Lot
0.04 ac (1,785 SF)
Zoning code
CD
APN
002-443-015
UPID
US09-1632435
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
RETAIL STORES Current
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1953
Construction
WOOD
Heating
NONE
Lot
0.04 ac
Current owner
From public records · entity-resolved
William D Isaman
Individual
Mailing address
235 MACHADO LN, SAN LUIS OBISPO, CA 93401-7924
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2023
—
William D Isaman
—
Deed
related
$389,000 · Ampac Tri State Cdc INC
Apr 4, 2023
$940,000
William D Isaman
Ccc Real Estate Holding Co LLC
Grant Deed
$470,000 · Bank Of America NA
Nov 21, 2022
$525,000
Ccc Real Estate Holding Co LLC
Takken Investment Properties LLC
Trustees Deed
related
—
Oct 28, 2022
—
Takken Investment Properties LLC
—
Deed
related
$480,000 · First Community Bank
Apr 19, 2018
—
1027 Marsh Street LLC
Takken Investment Props LLC
Quit Claim Deed
—
Feb 16, 2018
—
Takken Investment Props LLC
—
Deed
related
$400,000 · Newtek Small Busn Fin
Aug 4, 2017
—
Takken Investment Properties LLC
—
Deed
related
$480,000 · First Community Bank
Jun 26, 2017
—
Takken Investment Props LLC
—
Deed
related
$250,000 · Mufg Union Bk NA
Nov 30, 2016
—
Takken Investment Props LLC
—
Deed
related
—
Aug 1, 2016
—
Takken Investment Props LLC
—
Deed
related
$900,000 · Newtek Small Busn Fin
Aug 4, 2006
—
Takken Investment Props LLC
Takken Family Trust
Quit Claim Deed
—
—
—
Takken Investment Properties
—
Loan Modification
related
$1,660,000 · Union Bank
—
—
Takken Investment Properties
—
Deed Of Trust
related
$3,231,000 · Newtek Small Busn Fin
—
—
Takken Family Trust
—
Deed Of Trust
related
$145,000 · Pacific Capital Bank NA
—
—
Takken Investment Props LLC
—
Deed Of Trust
related
$900,000 · Newtek Small Busn Fin
—
—
Takken Investment Props LLC
—
Deed Of Trust
related
—
—
—
Takken Investment Props LLC
—
Loan Modification
related
$250,000 · Mufg Union Bk NA
—
—
Takken Investment Props LLC
—
Deed Of Trust
related
$400,000 · Newtek Small Busn Fin
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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