Back to Search
Property profile & analytics
OFF-MARKET
Investment properties
140 12th St Grover Beach, CA 93433-2130
Individually Owned
6-yr Hold
Absentee Owner
Property ID
US09-5687226
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1958
Construction
WOOD
Total area
780 SF
Lot
0.06 ac (2,750 SF)
Zoning code
CBD
APN
060-241-018
UPID
US09-5687226
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kenny V Rasmussen · 6 yrs held
Kenny V Rasmussen
since 2019
7 recorded transactions
Zoning & alternative use
CBD · Grover Beach, 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 Grover Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grover Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$4,297
Tax year 2024
Assessed value
$375,267
Assessed 2024
Previous assessed
$375,267
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$268,048
Assessed improvement
$107,219
Applied tax rate
5.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1958
Construction
WOOD
Heating
YES
Stories
1
Rooms
4
Bathrooms
1
Total area
780 SF
Lot
0.06 ac (2,750 SF)
Zoning code
CBD
APN
060-241-018
UPID
US09-5687226
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CBD · Grover Beach, CA
Zoning CBD · permitted uses
CBD · Grover Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grover Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1958
Construction
WOOD
Heating
YES
Stories
1
Rooms
4
Bathrooms
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Kenny V Rasmussen
Individual
Mailing address
1732 LYN RD, ARROYO GRANDE, CA 93420-5620
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2019
$350,000
Kenny V Rasmussen
Tony Romero
Grant Deed
$262,500 · American Pacific Mortgage Corp
Feb 22, 2019
—
Tony Romero
Tony Romero
Intrafamily Transfer
related
$256,308 · Broker Solutions INC
May 22, 2018
—
Tony Romero
—
Deed
related
$227,106 · Ditech Financial LLC
Jul 8, 2016
—
Tony Romero
Romero,tony
Quit Claim Deed
related
—
Jan 10, 2008
$296,500
Tony Romero
Barclay,debra E
Grant Deed
$213,480 · Countrywide Bank
Jan 10, 2008
—
Debra E Barclay
Oliver,wayne D
Grant Deed
—
Apr 9, 2004
$302,500
Debra E Oliver
Freeland,deborah L Est
Grant Deed
$242,000 · Mortgage House INC
Sep 20, 2002
$240,000
Deborah Freeland
Cannon,jeffrey A
Grant Deed
$191,920 · Washington Mutual Fsb
Aug 31, 2000
$120,000
Jeffrey A Cannon
Spendlove,paul L & Shirley
Grant Deed
$108,000 · Capitol Commerce Mortgage Co
Jun 16, 1998
—
Paul L Spendlove
Spendlove,paul
Quit Claim Deed
related
$10,200 · Beneficial California INC
Feb 9, 1990
$75,000
Spendlove,paul &
Askari,juliette
Trustees Deed
$60,000 · Great Western Bank
Feb 9, 1990
—
Juliette Askari
Hughes,ray N
Quit Claim Deed
related
—
—
—
Jeffrey A Cannon
—
Deed Of Trust
related
$25,000 · Ditschker Trust
—
—
Spendlove Paul
—
Deed Of Trust
related
$90,000 · Great Western Bank
—
—
Jeffrey A Cannon
—
Deed Of Trust
related
$25,000 · Gerhard & Gina Fergas
—
—
Jeffrey A Cannon
—
Deed Of Trust
related
$20,000 · Ditech Com
—
—
Jeffrey A Cannon
—
Deed Of Trust
related
$112,600 · Ditech Com
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 140 12th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
