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Property profile & analytics
OFF-MARKET
Estimated value
$2,245,000
Strip malls
1245 Laurel Ln San Luis Obispo, CA 93401
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5117759
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1964
Construction
WOOD
Total area
14,038 SF
Lot
2.23 ac (97,138 SF)
Zoning code
CN
APN
004-961-087
UPID
US09-5117759
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
-
Laurel Lane Shopping Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.52M
CAP Approach
CAP
$3.09M
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$2.25M
Owner & transaction history
Laurel Lane Apartments LLC · 6 yrs held
Laurel Lane Apartments LLC
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
CN · San Luis Obispo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.4M
+213.6%
Commercial (general)
$3.4M
+206.5%
Restaurant
$3.1M
+183.9%
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
Method
Estimation
Statistic approach
$2,545,000
ML approach
$2,515,000
CAP Approach
CAP Return
Estimation
6%
$3,350,000
6.5%
$3,090,000
7%
$2,870,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,440,000
Change: +214% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,360,000
Change: +206% · Conversion: Easy
RESTAURANT
$3,115,000
Change: +184% · Conversion: Difficult
MEDICAL BUILDING
$3,025,000
Change: +176% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,210,000
Change: +101% · Conversion: Difficult
RETAIL STORES
$1,910,000
Change: +74% · Conversion: Easy
Blend value · Realmo final
$2.25M
Range $2.02M – $2.47M · ±10% · vs last sale $1.88M (Jun 23 2020)
Last sale anchor
$1.88M
Jun 23 2020
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
$160 / 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
$150,372
Tax year 2024
Assessed value
$13,521,008
Assessed 2024
Previous assessed
$13,521,008
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,037,182
Assessed improvement
$11,483,826
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Buildings
3
Total area
14,038 SF
Lot
2.23 ac (97,138 SF)
Zoning code
CN
APN
004-961-087
UPID
US09-5117759
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CN · San Luis Obispo, CAZoning CN · permitted uses
CN · San Luis Obispo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.4M
RESTAURANT
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1964
Construction
WOOD
Heating
NONE
Buildings
3
Lot
2.23 ac
Current owner
From public records · entity-resolved
Laurel Lane Apartments LLC
Entity
Mailing address
615 GRV ST STE #116, SAN LUIS OBISPO, CA 93401-2509
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2022
—
Laurel Lane Apartments LLC
—
Deed
related
$1,000,000 · Jpmorgan Chase Bank NA
Aug 20, 2020
—
Laurel Lane Apartments LLC
—
Deed
related
$6,250,000 · Pacific Premier Bank
Jun 23, 2020
$1,878,500
Laurel Lane Apartments LLC
Laurel Lane Investments LLC
Grant Deed
related
—
Nov 6, 2018
—
Laurel Lane Investments LLC
—
Deed
related
$1,750,000 · Billingsley Family Trust (pt)
May 2, 2018
—
Laurel Lane Investments LLC
—
Deed
related
$2,000,000 · Billingsley Family Trust (pt)
May 1, 2018
—
Laurel Lane Investments LLC
—
Deed
related
$1,460,000 · Preferred Bk
Jul 24, 2017
—
Laurel Lane Investments LLC
—
Deed
related
$2,000,000 · Billingsley Family Trust (pt)
Apr 28, 2017
—
Laurel Lane Investments LLC
—
Deed
related
$1,460,000 · Preferred Bk
—
—
Laurel Lane Investments LLC
—
Loan Modification
related
$1,750,000 · Billingsley Family Trust (pt)
—
—
Laurel Lane Investments LLC
—
Loan Modification
related
$1,460,000 · Preferred Bk
—
—
Laurel Lane Investments LLC
—
Deed Of Trust
related
$2,000,000 · Billingsley Family Trust (pt)
—
—
Laurel Lane Investments LLC
—
Loan Modification
related
$1,460,000 · Preferred Bk
—
—
Laurel Lane Investments LLC
—
Deed Of Trust
related
$2,000,000 · Billingsley Family Trust (pt)
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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