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Property profile & analytics
OFF-MARKET
Estimated value
$1,805,000
Retail space
1035 Chorro St San Luis Obispo, CA 93401-3222
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-1705506
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
TILT-UP CONCRETE
Total area
7,056 SF
Lot
0.15 ac (6,511 SF)
Zoning code
CC
APN
002-423-045
UPID
US09-1705506
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
-
Moe's Mediterranean Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.81M
Owner & transaction history
Nf Davis Drier & Elevator INC · 8 yrs held
Nf Davis Drier & Elevator INC
since 2018
7 recorded transactions
Zoning & alternative use
CC · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,910,000
6.5%
$1,765,000
7%
$1,640,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,360,000
Current use
INDUSTRIAL (GENERAL)
$2,270,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±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
$256 / 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
$54,152
Tax year 2024
Assessed value
$4,900,000
Assessed 2024
Previous assessed
$4,900,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,500,000
Assessed improvement
$3,400,000
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
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Bathrooms
7
Total area
7,056 SF
Lot
0.15 ac (6,511 SF)
Zoning code
CC
APN
002-423-045
UPID
US09-1705506
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CC · San Luis Obispo, CA
Zoning CC · permitted uses
CC · 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
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
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
NONE
Buildings
3
Bathrooms
7
Lot
0.15 ac
Current owner
From public records · entity-resolved
Nf Davis Drier & Elevator INC
Entity
Mailing address
PO BOX 425, FIREBAUGH, CA 93622-0425
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2018
$11,473,500
Nf Davis Drier & Elevator INC
Naman Leslie R Trust
Grant Deed
—
May 20, 2014
—
Mary W Naman
Leslie Rodney Naman
Affidavit Of Death Of Joint Tenant
related
$200,000 · Founders Community Bank
Apr 16, 2014
—
Naman,leslie R Trust
Naman D J Survivors Trust
Quit Claim Deed
related
—
Jul 31, 2013
—
Naman,dorothy J Survivors Trust
—
Trustees Deed
related
$1,800,000 · Founders Community Bank
Apr 10, 2009
—
Leslie R Naman
Naman,leslie R
Quit Claim Deed
related
—
Mar 27, 2009
—
Leslie R Naman
Naman,mary
Quit Claim Deed
related
—
Mar 6, 2009
—
Leslie R Naman
Naman,dorothy J
Affidavit Of Death
related
$210,000 · Patrick D M & D S Family Trust
Nov 21, 2002
—
Naman,tr
Naman,tr
Quit Claim Deed
related
—
Aug 9, 2001
—
Naman Trust
Naman Trust
Quit Claim Deed
related
—
—
—
Naman Dorothy J Trust
—
Deed Of Trust
related
$700,000 · Founders Community Bank
—
—
Naman Dorothy J Trust
—
Deed Of Trust
related
$710,000 · Founders Community 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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