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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Retail space
1150 Grand Ave Grover Beach, CA 93433-2139
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1347368
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1949
Construction
TILT-UP CONCRETE
Total area
3,888 SF
Lot
0.35 ac (15,273 SF)
Zoning code
MU
APN
060-242-037
UPID
US09-1347368
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$970k
Comparable Approach
Comparable
$762k
Blend (final)
Blend
$1.00M
Owner & transaction history
802 21st Street LLC · 12 yrs held
802 21st Street LLC
since 2013
6 recorded transactions
Zoning & alternative use
MU · Grover Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+11.4%
Office building
$1.5M
+4.3%
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 Grover Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grover Beach 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%
$1,055,000
6.5%
$970,000
7%
$900,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,435,000
Current use
MEDICAL BUILDING
$1,595,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$1,495,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$257 / 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
$9,452
Tax year 2024
Assessed value
$825,361
Assessed 2024
Previous assessed
$825,361
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$312,469
Assessed improvement
$512,892
Applied tax rate
5.0000
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
1949
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
3,888 SF
Lot
0.35 ac (15,273 SF)
Zoning code
MU
APN
060-242-037
UPID
US09-1347368
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
MU · Grover Beach, CA
Zoning MU · permitted uses
MU · Grover Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grover Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE 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
1949
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.35 ac
Current owner
From public records · entity-resolved
802 21st Street LLC
Entity
Mailing address
625 ALMIRA PARK WAY, PASO ROBLES, CA 93446-3705
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2019
—
Hurst,justin C 2019 Trust
—
Grant Deed
related
$1,971,694 · Rebecca Hurst
Aug 16, 2013
$675,000
802 21st Street LLC
Yoursis Joe Family Trust
Grant Deed
$550,000 · Yoursis Joe Family Trust (pt)
Oct 4, 2007
—
Yoursis Joe Family Trust
Yoursis,joe
Quit Claim Deed
related
—
Dec 7, 2001
—
Joe Yoursis
Yoursis,joe
Quit Claim Deed
related
$175,000 · Coast National Bank
—
—
Joe Yoursis
—
Deed Of Trust
related
$75,000 · Commerce Bank San Luis Obispo
—
—
Yoursis Joe Family Trust
—
Deed Of Trust
related
$140,650 · Coast National 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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