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Property profile & analytics
OFF-MARKET
Estimated value
$4,325,000
Retail space
1144 Chorro St San Luis Obispo, CA 93401-3608
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-2322872
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Construction
TILT-UP CONCRETE
Total area
24,500 SF
Lot
0.38 ac (16,710 SF)
Zoning code
CC
APN
002-427-012
UPID
US10-2322872
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
-
Chedraui Grocery & Convenience Store Food Market
-
Patri Car Great Towing´s (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.40M
Blend (final)
Blend
$4.33M
Owner & transaction history
Pedp INC · 2 yrs held
Pedp INC
since 2023
Last sale
$3.3M
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
$4,405,000
ML approach
$4,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.33M
Range $3.89M – $4.76M · ±10% · vs last sale $3.34M (Oct 6 2023)
Last sale anchor
$3.34M
Oct 6 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
$177 / 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
$36,857
Tax year 2024
Assessed value
$3,335,000
Assessed 2024
Previous assessed
$3,335,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,500,000
Assessed improvement
$835,000
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
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
24,500 SF
Lot
0.38 ac (16,710 SF)
Zoning code
CC
APN
002-427-012
UPID
US10-2322872
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.
Building & site characteristics
From public records
Year built
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.38 ac
Current owner
From public records · entity-resolved
Pedp INC
Entity
Mailing address
PO BOX 13160, SAN LUIS OBISPO, CA 93406-3160
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2025
—
Pedp INC
—
Deed
related
$5,000,000 · Coasthills Cu
Oct 6, 2023
$3,335,000
Pedp INC
Jamestown Premier Slo Retail LP
Grant Deed
$2,000,000 · American River Bank
Sep 18, 2020
—
Jamestown Premier Slo Retail L
—
Deed
related
$55,000,000 · Pnc Bk
Apr 2, 2013
—
Jcc Stream View LLC
Cp 1144 Chorro LLC
Grant Deed
—
Feb 7, 2006
—
Cp 1144 Chorro LLC
Copelands Properties LLC
Grant Deed
$5,325,000 · Nomura Credit & Capital INC
May 1, 1998
—
Copelands Properties LLC
Copelands Inv Ptshp
Quit Claim Deed
related
—
Mar 3, 1993
—
Copeland's Inv Partnership
Humphrey Trust
Grant Deed
$1,575,000 · Humphrey Trust
—
—
Jamestown Premier Slo Retail L
—
Loan Modification
related
$55,000,000 · Pnc Bk
—
—
Copelands Investments Ptshp
—
Deed Of Trust
related
$1,080,000 · 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.
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