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Property profile & analytics
OFF-MARKET
Bars & Pubs
1263 Msn St, San Miguel, CA 93451
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0207288
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1936
Construction
WOOD
Total area
2,660 SF
Lot
0.09 ac (3,750 SF)
Zoning code
CR
APN
021-261-012
UPID
US09-0207288
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Salome M Morfin · 10 yrs held
Salome M Morfin
since 2016
7 recorded transactions
Zoning & alternative use
CR · San Miguel, 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 Miguel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Miguel 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
—
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
$1,845
Tax year 2024
Assessed value
$174,081
Assessed 2024
Previous assessed
$174,081
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$77,756
Assessed improvement
$96,325
Applied tax rate
114.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1936
Construction
WOOD
Heating
NONE
Rooms
1
Bathrooms
1
Total area
2,660 SF
Lot
0.09 ac (3,750 SF)
Zoning code
CR
APN
021-261-012
UPID
US09-0207288
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CR · San Miguel, CA
Zoning CR · permitted uses
CR · San Miguel, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Miguel. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1936
Construction
WOOD
Heating
NONE
Rooms
1
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Salome M Morfin
Individual
Mailing address
1960 LA PURISMA CT, SAN MIGUEL, CA 93451-9087
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2016
$75,000
Salome M Morfin
Hunt H & G Trust
Grant Deed
$150,000 · Hunt H & G Trust (pt)
Jan 29, 2016
—
Hunt,h & G Trust
Elisarraras,marty R & Sheila A
Deed In Lieu Of Foreclosure
related
—
Mar 13, 2014
$150,000
Salome Morfin
Hunt H & G Trust
Grant Deed
—
Jul 19, 2013
$89,500
Hunt,h & G Trust
Pacific Oak Frclsre Svcs
Trustees Deed
related
—
Jun 7, 2005
$420,000
Brown Commercial Props LLC
Simmons,joe R
Grant Deed
$300,000 · Santa Lucia Bank
Jan 24, 2005
—
Simmons Billie H Trust
Simmon,joe R
Quit Claim Deed
related
—
Dec 3, 1999
$87,000
Joe R Simmons
Strosser,coreen A
Grant Deed
—
Jan 21, 1994
—
Coreen A Strosser
Strosser,stephen
Quit Claim Deed
related
—
Apr 22, 1992
$80,000
Stephen R Strosser
Rex Hendrix INC
Grant Deed
—
Apr 21, 1992
$34,000
Rex Hendrix INC
Jespersen,thomas
Grant Deed
—
—
—
Salome M Morfin
—
Deed Of Trust
related
$150,000 · Hunt H & G 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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