Realmo Analytics

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Financial
Distress signals
Property profile

1187 Main St Morro Bay, CA 93442

FOR SALE
Investment properties
Property ID
US09-1503336
2,524 SF 0.16 ac lot Built 2006
Last sale Nov 2018 · $1,150,000
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

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?
$14k
Tax billed · 2024
Assessed value$1.26M
Assessed land$383k
Assessed improvement$875k
Effective rate1.11%

Value estimate

· Oct 2026
$880k
$792k – $968k
Submarket $/SF estimate$1.02M
NOI build-up
Gross scheduled income$107k
Vacancy & credit loss−$3k
Operating expenses−$47k
NOI · 3.48% cap applied$57k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$523/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$270 – $667
Qualifying comparables4

Cap rate analysis

How does the asset earn?
3.48%
$57k 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?
C1
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 Service9.1
Dry Cleaner8.7
Dental Office8.4

Location

1187 Main St Morro Bay, CA 93442
County assessor Recorded deeds · 5 transfers 4 qualifying comp sales 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
320 Panay, Morro Bay, CA 93442-2930 $120,000 Nov 2024 2,015 SF
2815 Alder, Morro Bay, CA 93442-1502 $875,000 Aug 2024 2,648 SF
630 Embarcadero, Morro Bay, CA 93442-2220 $1,980,000 May 2021 2,391 SF
580 Hbr, Morro Bay, CA 93442-1904 $965,000 Dec 2020 2,558 SF
365 Quintana, Morro Bay, CA 93442-2000 $25,800 Nov 2020 1,994 SF
1181 Main, Morro Bay, CA 93442-2005 $1,275,000 Oct 2019 2,995 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?”
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