Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1345 Chorro St San Luis Obispo, CA 93401-4005

    • Investment properties
    • 620 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0947523
    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

    • Investment properties

    Property Details for 1345 Chorro St

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    620 SF
    Zone code
    O
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    003-526-011
    APU
    3526011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    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
    35.2776
    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
    $5,049
    $191,616
    $265,265
    $456,881
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,339 SF

      1310 Marsh St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,339 SF
      1310 Marsh St, San Luis Obispo, CA 93401-3316
      View Details
    • Value Estimation by Request
      1,008 SF

      590 Marsh St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,008 SF
      590 Marsh St, San Luis Obispo, CA 93401-3955
      View Details
    • Value Estimation by Request
      890 SF

      1417 Marsh St

      OFFICE/RESIDENTIAL (MIXED USE) • 890 SF
      1417 Marsh St, San Luis Obispo, CA 93401-2921
      View Details
    • Value Estimation
      $3,740,000
      10,555 SF

      1120 Morro St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,555 SF
      1120 Morro St, San Luis Obispo, CA 93401-3604
      View Details
    • Value Estimation
      $1,570,000
      4,346 SF

      3110 Duncan Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,346 SF
      3110 Duncan Rd, San Luis Obispo, CA 93401-6772
      View Details
    • Value Estimation by Request
      893 SF

      783 High St

      OFFICE/RESIDENTIAL (MIXED USE) • 893 SF
      783 High St, San Luis Obispo, CA 93401-5235
      View Details

    Similar Nearby for Sale

    • $295,000
      594 SF

      Prime San Luis Obispo Office Condo

      Updated 594 SF Office, Great Location
      3591 Sacramento Dr, San Luis Obispo, CA 93401
      View Details
    • $345,000
      4,511.00 Acres

      View Lot in Stoneridge Neighborhood

      Desirable 4,500 sq ft view lot in San Luis Obispo.
      489 Bluerock Dr, San Luis Obispo, CA 93401
      View Details
    • $289,000
      594 SF

      San Luis Obispo Office Space

      Office suite with three offices and common restrooms for sale.
      3591 Sacramento Dr, San Luis Obispo, CA 93401
      View Details
    • $1,030,000
      1,294 SF

      Office Building For Sale

      Office building in San Luis Obispo available for purchase.
      1410 Marsh St, San Luis Obispo, CA 93401
      View Details
    • $2,050,000

      San Luis Obispo Prime Land

      Prime commercial land for sale in San Luis Obispo.
      3249 Broad St, San Luis Obispo, CA 93401
      View Details
    • $269,900

      San Luis Obispo Manufactured Home

      Affordable manufactured home in an all-age park with low space rent.
      3500 Bullock Ln, San Luis Obispo, CA 93401
      View Details

    Similar Nearby for Lease

    • $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
    • 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
    • $1.65 SF/Yr
      16,081 SF

      San Luis Obispo Office Space

      Office suite with meeting rooms and ample parking available for rent.
      709 Fiero Ln, San Luis Obispo, CA 93401
      View Details
    • $1.65 SF/Yr
      1,960 SF

      Retail Space in Crossroads Center

      Prime retail space in a mixed-use development.
      3165 Broad 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
    • $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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1345 Chorro St
    San Luis Obispo, CA 93401-4005
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.