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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Investment properties
1172 Ww St Morro Bay, CA 93442
Trust Owned
1-yr Hold
Free & Clear
Property ID
US09-2198514
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2000
Construction
WOOD
Total area
1,040 SF
Lot
0.05 ac (2,240 SF)
Zoning code
C2
APN
066-036-003
UPID
US09-2198514
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
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
Owner & transaction history
Robert M Zirbeck Living Trust · 1 yrs held
Robert M Zirbeck Living Trust
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
C2 · Morro Bay, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$735,000
+34.8%
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 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
Method
Estimation
Statistic approach
$1,225,000
ML approach
$1,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$735,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±10% · vs last sale $1.15M (Apr 7 2025)
Last sale anchor
$1.15M
Apr 7 2025
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
$1,144 / 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
$9,018
Tax year 2024
Assessed value
$816,000
Assessed 2024
Previous assessed
$816,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$561,000
Assessed improvement
$255,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
NONE
Rooms
5
Bathrooms
2
Total area
1,040 SF
Lot
0.05 ac (2,240 SF)
Zoning code
C2
APN
066-036-003
UPID
US09-2198514
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
C2 · Morro Bay, CA
Zoning C2 · permitted uses
C2 · Morro Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morro Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$735,000
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
2000
Construction
WOOD
Heating
NONE
Rooms
5
Bathrooms
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Robert M Zirbeck Living Trust
Trust
Free & Clear · 1 yrs held
Mailing address
PO BOX 2583, AVILA BEACH, CA 93424-2583
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2025
—
Robert M Zirbeck Living Trust
Robert Zirbeck
Deed
related
—
Apr 7, 2025
—
Robert Zirbeck
Robert Zirbeck
Deed
related
—
Jan 2, 2025
$1,149,000
Robert Zirbeck
Melissa M Dasilva
Grant Deed
—
Oct 17, 2022
$800,000
Melissa M Dasilva
Ronald M Reisner
Grant Deed
$400,000 · Ronald M Reisner Family Trust
Mar 7, 2016
$540,000
Reisner,ronald M Family Trust
Donetti,robert A
Grant Deed
—
Jan 3, 2014
$525,000
Robert A Donetti
Rogers F Harry Trust 1
Grant Deed
—
Jun 9, 1995
$60,000
Rogers Trust
John T Kendall Trustee
Grant Deed
—
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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