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Property profile & analytics
OFF-MARKET
Estimated value
$3,335,000
Office buildings
1102 Laurel Ln San Luis Obispo, CA 93401-5823
Trust Owned
~
Est. High Equity
Property ID
US09-0733413
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1979
Construction
WOOD
Total area
10,527 SF
Lot
1.15 ac (50,093 SF)
Zoning code
O
APN
004-962-023
UPID
US09-0733413
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
-
Law Dennis D Law Firm
-
Wall Scott W Law Firm
-
FedEx Drop Box Postal Service Courier Service
-
Andre, Morris & Buttery Law Firm
-
Mirolla J Todd Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.22M
Comparable Approach
Comparable
$4.41M
Blend (final)
Blend
$3.34M
Owner & transaction history
The Morris Family Trust
The Morris Family Trust
since 2025
7 recorded transactions
Zoning & alternative use
O · San Luis Obispo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.5M
+16.0%
Restaurant
$5.3M
+10.8%
Auto repair, garage
$4.8M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,485,000
6.5%
$3,215,000
7%
$2,985,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,775,000
Current use
COMMERCIAL (GENERAL)
$5,540,000
Change: +16% · Conversion: Easy
RESTAURANT
$5,295,000
Change: +11% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,810,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$4,490,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$3.34M
Range $3.00M – $3.67M · ±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
$317 / 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
$36,277
Tax year 2024
Assessed value
$3,282,528
Assessed 2024
Previous assessed
$3,282,528
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,893,768
Assessed improvement
$1,388,760
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
NONE
Total area
10,527 SF
Lot
1.15 ac (50,093 SF)
Zoning code
O
APN
004-962-023
UPID
US09-0733413
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
$4.8M
COMMERCIAL (GENERAL)
Est. value
$5.5M
RESTAURANT
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$4.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1979
Construction
WOOD
Heating
NONE
Lot
1.15 ac
Current owner
From public records · entity-resolved
The Morris Family Trust
Trust
Mailing address
1102 LAUREL LN, SAN LUIS OBISPO, CA 93401-5823
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2025
—
The Morris Family Trust
The Morris Family Trust
Deed
related
—
Dec 20, 2024
—
Michael J Morris
Margarita Ville Properties LLC
Grant Deed
—
Mar 24, 2022
—
Margaritaville Properties LLC
Margaritaville Partners
Grant Deed
$1,850,000 · Standard Insurance Co
Nov 6, 2008
—
Margaritaville Partners
Laurel Lane Properties LLC
Grant Deed
$1,650,000 · Rabobank
Dec 30, 1999
—
Laurel Lane Properties LLC
Laurel Associates
Quit Claim Deed
related
—
Oct 21, 1999
$516,000
Margaritaville Partners
Laurel Associates
Grant Deed
related
$515,893 · Seller
—
—
Laurel Associates
—
Deed Of Trust
related
$50,000 · Maloney Trust
—
—
Laurel Lane Properties LLC
—
Deed Of Trust
related
$1,265,000 · Mid-state Bank & Trust Co
—
—
Laurel Assoc
—
Deed Of Trust
related
$125,000 · Knechts Plumbing & H
—
—
Laurel Assoc
—
Deed Of Trust
related
$1,000,000 · Mid State 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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