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    Property profile & analytics

    1212 Marsh St San Luis Obispo, CA 93401-3346

    • Office buildings
    • 10,215 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-3235567
    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

    • Law Office of Lisa Boutelle Lazzara / Employment Attorney
    • Christie Tjong Clemons / Escrow Service
    • Toews Bio & Abram, Inc. / Attorney / Legal Services

    Property Details for 1212 Marsh St

    Year built
    1978
    Construction
    WOOD
    Lot size
    0.62 lot acres
    Property size
    10,215 SF
    Zone code
    O
    Property type
    Office buildings
    APN
    002-332-017
    APU
    2332017

    Description

    This exceptional office space, located in the heart of San Luis Obispo's downtown area, presents a unique opportunity for businesses seeking a prestigious and functional workspace. Situated between Marsh and Higuera Streets at Toro Street, the property offers convenient access to a variety of amenities and services. The 3,590 square feet of vacant space is configured to maximize efficiency and productivity. The layout includes a welcoming reception area, ten private offices providing individual workspaces, a dedicated conference room for meetings and presentations, and an open work area ideal for collaborative projects. A well-equipped kitchen/break area offers a comfortable space for employees to relax and recharge. Additional features include a convenient copy/file room/storage area for organized document management, and two restrooms for employee convenience. The property is a traditional office building and offers multiple tenancy options. Ample parking is available, a significant advantage in a bustling downtown setting. This property is perfect for a company seeking a well-established and easily accessible location in San Luis Obispo County. The space is ready for immediate occupancy and offers a blend of private and collaborative work environments. The layout is highly adaptable to various business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $845,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.657
    Latitude
    35.2826
    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
    $44,206
    $2,950,000
    $1,050,000
    $4,000,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      250 Brg St

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      960 Santa Rosa St

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      1107 Johnson Ave

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      1102 Laurel Ln

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    • Value Estimation
      $765,000
      8,475 SF

      715 Tank Farm Rd

      PROFESSIONAL BUILDING • 8,475 SF
      715 Tank Farm Rd, San Luis Obispo, CA 93401-7068
      View Details

    Similar Nearby for Sale

    • $1,030,000
      1,294 SF

      Office Building For Sale

      Office building in San Luis Obispo available for purchase.
      1410 Marsh St, San Luis Obispo, CA 93401
      View Details
    • $850,000
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      Freestanding Office Building Near City Hall

      Freestanding office building with on-site parking and excellent exposure.
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      Office Building For Sale

      Office building for sale in San Luis Obispo, CA.
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    • $1,150,000
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      Spanish-Style Office Building For Sale

      Office building with apartment and courtyard in downtown San Luis Obispo.
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    • $295,000
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      Prime San Luis Obispo Office Condo

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      San Luis Obispo Office Space

      Office suite with three offices and common restrooms for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      50,000 SF

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      Build-to-suit opportunity near SLO airport with flexible design options.
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    • $2 SF/Yr
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      Edna Valley Office Space

      990 SF office suite in San Luis Obispo available for lease.
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    • $2 SF/Yr
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      Move-In Ready Office Suite

      Office suite with private offices, conference room, and ample parking.
      406 Higuera St, San Luis Obispo, CA 93401
      View Details
    • $1.65 SF/Yr
      1,281 SF

      Downtown San Luis Obispo Office

      Office space in the heart of downtown San Luis Obispo.
      599 Higuera St, San Luis Obispo, CA 93401
      View Details
    • $1.05 SF/Yr
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      Downtown San Luis Obispo Office Space

      First floor office suite suitable for medical or professional use.
      990 Pacific St, San Luis Obispo, CA 93401
      View Details
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    1212 Marsh St
    San Luis Obispo, CA 93401-3346
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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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