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Property profile & analytics
OFF-MARKET
Estimated value
$7,500,000
Apartment buildings
137 Crandall Way San Luis Obispo, CA 93405-1409
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2198655
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
1.3 ac (56,793 SF)
Zoning code
R3
APN
052-071-031
UPID
US09-2198655
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
$7.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.50M
Owner & transaction history
Cap X Crandall LLC · 1 yrs held
Cap X Crandall LLC
since 2024
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
R3 · 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
Method
Estimation
Statistic approach
$7,500,000
ML approach
$7,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.50M
Range $6.75M – $8.25M · ±10% · vs last sale $7.50M (Sep 30 2024)
Last sale anchor
$7.50M
Sep 30 2024
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
—
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
$8,688
Tax year 2024
Assessed value
$719,621
Assessed 2024
Previous assessed
$719,621
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$398,265
Assessed improvement
$321,356
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Heating
NONE
Lot
1.3 ac (56,793 SF)
Zoning code
R3
APN
052-071-031
UPID
US09-2198655
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
R3 · San Luis Obispo, CA
Zoning R3 · permitted uses
R3 · 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
Heating
NONE
Lot
1.3 ac
Current owner
From public records · entity-resolved
Cap X Crandall LLC
Entity
Free & Clear · 1 yrs held
Mailing address
601 CALIFORNIA ST STE #1150, SAN FRANCISCO, CA 94108-2816
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
$7,500,000
Cap X Crandall LLC
Betty Ann Shelly
Grant Deed
—
Sep 26, 2024
$3,750,000
G&d Shipsey Properties LLC
S M S Company
Grant Deed
—
Dec 8, 2022
—
The Betty Ann Shelley Living Trust
Betty A Shelley
Quit Claim Deed
related
—
Jul 18, 2019
—
John B Farmer
Farmer C Baring Trust
Quit Claim Deed
—
Jan 22, 2015
—
Sms Co|mission School Memorial Founda
Koznek,janet
Quit Claim Deed
related
—
Jul 16, 2014
—
Janet Koznek
Shipsey Gerald W Trust
Quit Claim Deed
related
—
May 20, 2008
—
Shelley Daniel J & B A Trust
Shelley,betty F
Quit Claim Deed
related
—
Jan 21, 1998
—
C B Farmer
Farmer,melanie H
Quit Claim Deed
related
—
Jan 14, 1994
—
Farmer Trust
Farmer,c B
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.
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