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Property profile & analytics
OFF-MARKET
Office Spaces
1052 Main St Ste C Morro Bay, CA 93442-4003
Trust Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3219669
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1985
Construction
WOOD
Total area
809 SF
Lot
0.02 ac (871 SF)
Zoning code
C1
APN
066-043-014
UPID
US09-3219669
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
-
Edward Bischof, PHD Physician Medical Clinic
-
Todd A Porter Law Office Law Firm
-
Morro Bay Hearing Aid Center Hearing Aid Store Hearing Aid Repair Service
-
Opulent Healing Alternative Medicine Practice Spa & Massage Center
-
MWE2 Corporate Office
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
Johnston,brett A & D D Trust · 9 yrs held
Johnston,brett A & D D Trust
since 2017
7 recorded transactions
Zoning & alternative use
C1 · Morro Bay, CA
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 Morro Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morro Bay 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
$2,858
Tax year 2024
Assessed value
$258,586
Assessed 2024
Previous assessed
$258,586
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$110,821
Assessed improvement
$147,765
Applied tax rate
6.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Total area
809 SF
Lot
0.02 ac (871 SF)
Zoning code
C1
APN
066-043-014
UPID
US09-3219669
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
C1 · Morro Bay, CAZoning C1 · permitted uses
C1 · Morro Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
NONE
Lot
0.02 ac
Current owner
From public records · entity-resolved
Johnston,brett A & D D Trust
Trust
Mailing address
6205 SAN ANSELMO RD, ATASCADERO, CA 93422-2451
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2019
—
Johnston,b & D Living Trust
—
Deed
related
$165,000 · Mid Vly Svcs
Jun 12, 2017
—
Johnston,brett A & D D Trust
Johnston,brett & Danielle
Quit Claim Deed
related
—
Jan 3, 2012
$210,000
Brett Johnston
G & S 2010 Family Trust
Grant Deed
$189,000 · G & S 2010 Family Trust (pt)
Mar 7, 2011
—
G & S Family 2010 Trust
Spinelli,gary
Quit Claim Deed
related
—
Feb 22, 2011
—
Gary Spinelli
Spinelli Josie B Trust
Quit Claim Deed
related
—
Sep 14, 2010
—
G & S Family 2010 Trust
Spinelli,gary
Grant Deed
related
—
Jul 18, 2000
$101,500
Spinelli Trust
Sanders Trust
Grant Deed
$71,500 · Seller
—
—
Johnston,b & D Living Trust
—
Deed Of Trust
related
$165,000 · Mid Vly Svcs
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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