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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1329 Chorro St San Luis Obispo, CA 93401-4005

    • Investment properties
    • 1,297 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $355,000
    Show details
    Cap Rate Potential
    4.4%
    Investment properties
    Location Intelligence
    Property ID
    US09-1933210
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tree of Life Pregnancy Support Center / Pregnancy Care Center / Medical Clinic

    Property Details for 1329 Chorro St

    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    1,297 SF
    Zone code
    O
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    003-526-010
    APU
    3526010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $245,000
      6.5%
      $225,000
      7%
      $210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $534,000
      Market price range: $282k - $1.04M
      AI Estimate
      $243,000
      Market price range: $152k - $468k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.661
    Latitude
    35.2777
    CBSA code
    42020
    CBSA name
    SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,581
    $111,692
    $121,851
    $233,543
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $275,000
      315 SF

      186 Brk St

      OFFICE/RESIDENTIAL (MIXED USE) • 315 SF
      186 Brk St, San Luis Obispo, CA 93401-5403
      View Details
    • Value Estimation
      $325,000
      1,666 SF

      508 Higuera St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,666 SF
      508 Higuera St, San Luis Obispo, CA 93401-3835
      View Details
    • Value Estimation
      $785,000
      9,241 SF

      803 Orcutt Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 9,241 SF
      803 Orcutt Rd, San Luis Obispo, CA 93401-6839
      View Details
    • Value Estimation
      $275,000
      0.67 Acres

      736 Orcutt Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.67 Acres
      736 Orcutt Rd, San Luis Obispo, CA 93401-6736
      View Details
    • Value Estimation
      $540,000
      856 SF

      679 Santa Rosa St

      OFFICE/RESIDENTIAL (MIXED USE) • 856 SF
      679 Santa Rosa St, San Luis Obispo, CA 93401-2801
      View Details
    • Value Estimation
      $445,000
      2,673 SF

      1926 Broad St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,673 SF
      1926 Broad St, San Luis Obispo, CA 93401-4407
      View Details

    Similar Nearby for Sale

    • $1,950,000
      2,641 SF

      Mixed-Use Property Near Downtown

      Craftsman-style mixed-use property near downtown San Luis Obispo.
      1305 Marsh St, San Luis Obispo, CA 93401
      View Details
    • $1,821,150
      4,012 SF

      Modern Office Space Near Airport

      Professional office space near the airport, suitable for medical/office use.
      805 Aerovista Pl, San Luis Obispo, CA 93401
      View Details
    • $280,000

      Land For Sale

      Land available for sale.
      3395 Higuera St, San Luis Obispo, CA 93401
      View Details
    • $195,000

      San Luis Obispo Specialty Property

      Specialty property available for sale in San Luis Obispo.
      274 Higuera 8, San Luis Obispo, CA 93401
      View Details
    • $850,000
      1,418 SF

      Freestanding Office Building Near City Hall

      Freestanding office building with on-site parking and excellent exposure.
      870 Osos St, San Luis Obispo, CA 93401
      View Details
    • $895,000
      2,078 SF

      Iconic Restaurant Building in SLO

      Two-story restaurant property in the heart of downtown San Luis Obispo.
      815 Palm St, San Luis Obispo, CA 93401
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      990 SF

      Edna Valley Office Space

      990 SF office suite in San Luis Obispo available for lease.
      735 Tank Farm Rd, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      1,084 SF

      Retail Space in Marigold Center

      Retail space available in a busy San Luis Obispo shopping center.
      3910-3920 Broad St, San Luis Obispo, CA 93401
      View Details
    • $2 SF/Yr
      4,453 SF

      Move-In Ready Office Suite

      Office suite with private offices, conference room, and ample parking.
      406 Higuera St, San Luis Obispo, CA 93401
      View Details
    • $1.65 SF/Yr
      1,281 SF

      Downtown San Luis Obispo Office

      Office space in the heart of downtown San Luis Obispo.
      599 Higuera St, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      50,000 SF

      SLO Airport Build-to-Suit Opportunity

      Build-to-suit opportunity near SLO airport with flexible design options.
      1146 Farmhouse Ln, San Luis Obispo, CA 93401
      View Details
    • $1.05 SF/Yr
      25 SF

      Downtown San Luis Obispo Office Space

      First floor office suite suitable for medical or professional use.
      990 Pacific St, San Luis Obispo, CA 93401
      View Details
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    1329 Chorro St
    San Luis Obispo, CA 93401-4005
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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