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Financial
Distress signals
Property profile

1121 Broad St San Luis Obispo, CA 93401

FOR SALE
Turn key restaurants
Property ID
US09-0160317
3,800 SF 0.09 ac lot Built 1929
Last sale Nov 2025 · $1,551,500
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 3,800-square-foot retail space, located at 1121 Broad Street in San Luis Obispo, California, presents a unique opportunity for a restaurant operator. Situated in San Luis Obispo County, this single-tenant property offers complete flexibility for a new establishment or relocation. The entire building is currently vacant, providing immediate occupancy for a prospective tenant. The address, 1121 Broad St, 93401, places the property in a high-visibility location within the city…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$17k
Tax billed · 2024
Assessed value$1.50M
Assessed land$950k
Assessed improvement$550k
Effective rate1.11%

Value estimate

· Oct 2026
$815k
$734k – $897k
AI approach$815k
Submarket $/SF estimate$1.04M
NOI build-up
Gross scheduled income$91k
Vacancy & credit loss−$3k
Operating expenses−$26k
NOI · 3.53% cap applied$62k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$503/SF
County average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$258 – $853

Cap rate analysis

How does the asset earn?
3.53%
$62k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CD
JurisdictionSAN LUIS OBISPO

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service13.2
Electrical Service9.9
Pet Grooming Service8.9

Location

1121 Broad St San Luis Obispo, CA 93401
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1491 Monterey, San Luis Obispo, CA 93401-2925 $2,577,500 Aug 2024 3,739 SF
723 Woodbridge, San Luis Obispo, CA 93401-5727 $1,600,000 Jul 2024 3,840 SF
265 Pacific, San Luis Obispo, CA 93401-4200 $700,000 May 2024 4,380 SF
1051 Nipomo, San Luis Obispo, CA 93401-3802 $2,178,000 Mar 2024 3,375 SF
1421 Monterey, San Luis Obispo, CA 93401-2925 $1,057,500 Oct 2023 2,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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