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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Turn key restaurants
1234 Broad St San Luis Obispo, CA 93401-3908
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-0126402
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1937
Construction
TILT-UP CONCRETE
Total area
9,000 SF
Lot
0.21 ac (9,000 SF)
Zoning code
CD
APN
003-523-002
UPID
US09-0126402
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
Current use
Occupant on record · Public records
-
Libertine Brewing Company Production Facility Brewery & Distillery
-
SLO Comedy Underground Nightclub Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
California Coastal Investments LLC · 9 yrs held
California Coastal Investments LLC
since 2017
7 recorded transactions
Zoning & alternative use
CD · San Luis Obispo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 San Luis Obispo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Luis Obispo 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$143 / 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
$29,816
Tax year 2024
Assessed value
$2,697,909
Assessed 2024
Previous assessed
$2,697,909
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,325,566
Assessed improvement
$1,372,343
Applied tax rate
3.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1937
Construction
TILT-UP CONCRETE
Heating
NONE
Bathrooms
2
Total area
9,000 SF
Lot
0.21 ac (9,000 SF)
Zoning code
CD
APN
003-523-002
UPID
US09-0126402
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CD · San Luis Obispo, CA
Zoning CD · permitted uses
CD · San Luis Obispo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Luis Obispo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1937
Construction
TILT-UP CONCRETE
Heating
NONE
Bathrooms
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
California Coastal Investments LLC
Entity
Mailing address
PO BOX 3260, SAN LUIS OBISPO, CA 93403-3260
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2017
—
California Coastal Investments LLC
Eric Newton
Grant Deed
$2,351,200 · Community West Bank NA
Jan 30, 2015
$2,000,000
Eric Newton
1234 Broad Street LLC
Grant Deed
$1,750,000 · Fleming Family Trust (pt)
Mar 29, 2006
—
1234 Broad Street LLC
David Sansone Co INC
Quit Claim Deed
related
—
Feb 8, 2005
$1,850,000
David Sansone Co INC
Roseville Square Partners Ltd
Grant Deed
$1,295,000 · Santa Lucia Bank
May 24, 2001
$1,100,000
Roseville Square Partners Ltd
Villa,john
Grant Deed
related
$770,000 · Los Padres Savings Bank
Jan 21, 1992
$383,000
Villa,john S
Laubach,trust
Trustees Deed
—
Jan 21, 1992
—
John S Villa
Villa,diane F
Quit Claim Deed
related
$393,560 · Commerce Bank
—
—
1234 Broad Street LLC
—
Deed Of Trust
related
$1,125,000 · Fleming Family Trust (pt)
—
—
Eric Newton
—
Deed Of Trust
related
—
—
—
1234 Broad Street LLC
—
Deed Of Trust
related
$812,500 · Heritage Oaks Bank
—
—
John S Villa
—
Deed Of Trust
related
$87,495 · Commerce Bank
—
—
John S Villa
—
Deed Of Trust
related
$100,000 · Mid Coast INC
—
—
John Villa
—
Deed Of Trust
related
$616,000 · Coast National Bank
—
—
John S Villa
—
Deed Of Trust
related
$50,000 · Sheahan Psp
—
—
John S Villa
—
Deed Of Trust
related
$84,300 · Coast National Bank
—
—
John S Villa
—
Deed Of Trust
related
$667,500 · Heritage Oaks 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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