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    Property profile & analytics

    1198 Mesa Rd Nipomo, CA 93444-9326

    • Mobile home & RV parks
    • 1,440 SF
    • 10.00 lot acres
    OFF-MARKET
    Last Sale
    Nov 20, 2024
    $700,000
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2312299
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pacific Sun Growers / Garden Center / Landscaping
    • Blue Rose Studio / Industrial Manufacturer / Big Box & Wholesale Store

    Property Details for 1198 Mesa Rd

    Year built
    1974
    Construction
    TYPE NOT SPECIFIED
    Lot size
    10.00 lot acres
    Property size
    1,440 SF
    Zone code
    RR
    Property type
    Mobile home & RV parks
    APN
    091-284-045
    APU
    91284045

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $700,000
      ML approach
      $700,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $492,000
      Market price range: $301k - $493k

    • Alternative Use

      Use
      Estimation
      MOBILE HOME PARK, TRAILER PARK
      $690,000
      Current use
      OFFICE BUILDING
      $685,000
      Change: -1% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $660,000
      Change: -5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $655,000
      Change: -5% Conversion: Difficult
      MEDICAL BUILDING
      $590,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nipomo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.533
    Latitude
    35.0305
    CBSA code
    42020
    CBSA name
    SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,449
    $658,153
    $337,802
    $995,955
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,160 SF

      1246 Mesa Rd

      MOBILE HOME PARK, TRAILER PARK • 1,160 SF
      1246 Mesa Rd, Nipomo, CA 93444-9326
      View Details
    • Value Estimation
      $1,080,000
      0.97 Acres

      2401 Preisker Ln

      MOBILE HOME PARK, TRAILER PARK • 0.97 Acres
      2401 Preisker Ln, Arroyo Grande, CA 93444
      View Details
    • Value Estimation by Request
      594 SF

      431 Neptune Dr

      MOBILE HOME PARK, TRAILER PARK • 594 SF
      431 Neptune Dr, Nipomo, CA 93444-8921
      View Details
    • Value Estimation
      $1,695,000
      2,147 SF

      820 Uppr Los Berros Rd

      MOBILE HOME PARK, TRAILER PARK • 2,147 SF
      820 Uppr Los Berros Rd, Nipomo, CA 93444-8765
      View Details
    • Value Estimation by Request
      1,636 SF

      1298 Borega Ln

      MOBILE HOME PARK, TRAILER PARK • 1,636 SF
      1298 Borega Ln, Nipomo, CA 93444-9481
      View Details
    • Value Estimation by Request
      1,248 SF

      1061 Uppr Los Berros Rd

      MOBILE HOME PARK, TRAILER PARK • 1,248 SF
      1061 Uppr Los Berros Rd, Nipomo, CA 93444-9020
      View Details

    Similar Nearby for Sale

    • $680,000
      4.60 Acres

      Nipomo Land with Hillside Views

      4.6 acre parcel in West Nipomo with utilities on site.
      567 S Oak Glen Ave, Nipomo, CA 93444
      View Details
    • $1,600,000
      2,061,694.80 Acres

      47+ Acre Organic Farmland

      47.33 acres of organic farmland with high-production agricultural well.
      Indiana Way, Nipomo, CA 93444
      View Details
    • $1,200,000
      718,740 SF

      Nipomo Land with Highway Access

      Approximately 16.5 acres with gentle rolling hills and views.
      201 W Price St, Nipomo, CA 93444
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    • $675,000

      1.16 Acres Commercial Land Available

      1.16 acres near Grocery Outlet, Tractor Supply, and Wendy’s.
      549 Hill St, Nipomo, CA 93444
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    • $3,800,000
      366,000 SF

      Nipomo Rose Farm: 15 Acres

      Award-winning rose farm, turnkey business opportunity.
      885 Mesa Dr, Nipomo, CA 93444
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    • $714,900
      64,904 SF

      Nipomo Land For Sale

      Approximately 1.49 acres of land zoned for office professional.
      151 Branch St, Nipomo, CA 93444
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      900 SF

      Retail Space in Nipomo, CA

      900 SF retail space available for lease.
      539 W Tefft St, Nipomo, CA 93444
      View Details
    • Contact for pricing
      1,700 SF

      Retail Space in Nipomo, CA

      Retail space available for lease in Nipomo, California.
      110 S Mary Ave, Nipomo, CA 93444
      View Details
    • $2 SF/Yr
      1,200 SF

      Retail Center at Monarch Dunes

      Commercial retail center with suites available for pre-lease.
      1560 Trilogy Pkwy, Nipomo, CA 93444
      View Details
    • $2 SF/Yr
      1,600 SF

      Retail Space in Master Planned Community

      Retail spaces for lease in a master-planned community.
      1560 Mesa Rd, Nipomo, CA 93444
      View Details
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    1198 Mesa Rd
    Nipomo, CA 93444-9326
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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