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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Office buildings
1264 Higuera St San Luis Obispo, CA 93401-3124
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2395703
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Construction
WOOD
Total area
6,963 SF
Lot
0.37 ac (16,025 SF)
Zoning code
O
APN
002-331-019
UPID
US09-2395703
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
-
Bing Douglas Marriage Or Relationship Counselor Doctor
-
Cuesta Polygraph & Investigations LLC Law Firm Security Service
-
Riley John a PhD Physician Medical Clinic
-
Kirsten Lowry, PhD Counselor Psychologist
-
Jeffrey J. Lille, PHD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
Corralitos Property LLC · 5 yrs held
Corralitos Property LLC
since 2021
6 recorded transactions
Zoning & alternative use
O · 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
$195 / 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
$5,657
Tax year 2024
Assessed value
$511,858
Assessed 2024
Previous assessed
$511,858
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$296,883
Assessed improvement
$214,975
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1930
Construction
WOOD
Heating
NONE
Rooms
14
Bathrooms
2
Total area
6,963 SF
Lot
0.37 ac (16,025 SF)
Zoning code
O
APN
002-331-019
UPID
US09-2395703
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
O · San Luis Obispo, CA
Zoning O · permitted uses
O · 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
1930
Construction
WOOD
Heating
NONE
Rooms
14
Bathrooms
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Corralitos Property LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1818 GLENWOOD LN, NEWPORT BEACH, CA 92660-4317
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2021
—
Corralitos Property LLC
N Sue Krout
Quit Claim Deed
related
—
Jun 15, 2020
—
Jeremy C Krout
Krout Michael S Trust
Quit Claim Deed
related
—
Apr 18, 2018
—
Krout,n Sue Trust
Krout,sue
Quit Claim Deed
related
—
Apr 4, 2018
—
Michael S Krout
Krout,michael S
Quit Claim Deed
related
—
Mar 30, 2018
—
Krout,michael S Trust
Krout,michael S
Quit Claim Deed
related
—
Jan 8, 2001
—
Michael S Krout
Krout Trust
Quit Claim Deed
related
—
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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