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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Bars & Pubs
1285 Msn St, San Miguel, CA 93451-8522
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1199724
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1900
Construction
WOOD
Total area
6,925 SF
Lot
0.21 ac (9,000 SF)
Zoning code
CR
APN
021-261-009
UPID
US09-1199724
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
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$820k
Owner & transaction history
Pablo Roman · 3 yrs held
Pablo Roman
since 2022
Last sale
$950,000
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
Method
Estimation
Statistic approach
$710,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $950k (Jul 1 2022)
Last sale anchor
$950k
Jul 1 2022
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
$118 / 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
$10,272
Tax year 2024
Assessed value
$969,000
Assessed 2024
Previous assessed
$969,000
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$280,500
Assessed improvement
$688,500
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
1900
Construction
WOOD
Heating
NONE
Total area
6,925 SF
Lot
0.21 ac (9,000 SF)
Zoning code
CR
APN
021-261-009
UPID
US09-1199724
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
1900
Construction
WOOD
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
Pablo Roman
Individual
Mailing address
13777 SAN MIGUEL RD, ATASCADERO, CA 93422-1611
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jul 1, 2022
$950,000
Pablo Roman
Michael C Larsen
Grant Deed
$760,000 · Michael C Larsen Etal
May 3, 2019
$525,000
Michael C Larsen
Coasthills Cu
Grant Deed
—
Dec 17, 2018
$450,000
Coasthills Cu
Mortgage Lender Svcs INC|elisarraras,marty & Sheil
Trustees Deed
related
—
Apr 10, 2012
—
Marty Elisarraras
Arebalo,gilbert
Grant Deed
—
Jun 15, 2007
—
Marty Elisarraras
Jerry N Apperson
Grant Deed
$700,000 · Charles Shoes INC
Apr 22, 1992
$17,500
Jerry N Apperson
Peterson,robert
Grant Deed
related
—
—
—
Marty Elisarraras
—
Deed Of Trust
related
$250,000 · Hunt H & G Trust
—
—
Marty Elisarraras
—
Deed Of Trust
related
$250,000 · Pope Marie Elise Trust
—
—
Marty Elisarraras
—
Deed Of Trust
related
$75,000 · Frank Sheahan
—
—
Jerry Apperson
—
Deed Of Trust
related
$17,000 · Individual
—
—
Marty Elisarraras
—
Deed Of Trust
related
$1,050,000 · Coasthills FCU
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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