Property profile

1277 Grand Ave Arroyo Grande, CA 93420

OFF-MARKET
Office buildings
Property ID
US09-1722873
2,866 SF 0.24 ac lot Built 1977
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1977
Construction WOOD
Total area 2,866 SF
Lot 0.24 ac (10,556 SF)
Zoning code GMU
APN 077-141-024
UPID US09-1722873

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm Insurance Agency
  • Publishing House Newspaper & Magazine
  • Accounting Firm

Location

1277 Grand Ave Arroyo Grande, CA 93420-2463
Arroyo Grande metro Census 11904 SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$875k
Comparable Approach Comparable
$933k
Blend (final) Blend
$355k

Owner & transaction history

since 2017
4 recorded transactions
2017
$670,000
2014
Price N/A
1997
$327,000
1989
$260,000

Zoning & alternative use

GMU · Arroyo Grande, CA
Zoning description

The primary purpose of the GMU district is to provide for the combination of financial institutions, retail, office and commercial uses and multi family residences with retail and other pedestrian oriented uses

General category MIXED_USE
Top alternative use upside
Commercial (general) $1.4M +29.5%
Auto repair, garage $1.3M +18.8%
Medical building $1.2M +6.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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