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

    1423 Calle Joaquin San Luis Obispo, CA 93405-7203

    • Automotive properties
    • 8,460 SF
    • 4.78 lot acres
    OFF-MARKET
    Value Estimations
    $3,080,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1430131
    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

    • Alfano Motorcars Mercedes Benz / Car Dealership
    • CB Chevrolet, In San Luis Obispo / Car Dealership / Auto Repair Shop
    • Mercedes-Benz and Sprinter Vans of San Luis Obispo / Car Dealership
    • Chevrolet Parts & Service / Auto Parts Store

    Property Details for 1423 Calle Joaquin

    Year built
    1990
    Lot size
    4.78 lot acres
    Property size
    8,460 SF
    Zone code
    CS
    Property type
    Automotive properties
    APN
    053-151-024
    APU
    53151024

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,077,000
      Market price range: $619k - $3.79M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,865,000
      Current use
      RESTAURANT
      $4,255,000
      Change: +10% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,140,000
      Change: +7% Conversion: Moderate
      OFFICE BUILDING
      $3,790,000
      Change: -2% Conversion: Difficult
      MEDICAL BUILDING
      $3,610,000
      Change: -7% Conversion: Difficult

    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
    -120.682
    Latitude
    35.2489
    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
    $45,874
    $2,462,853
    $1,688,118
    $4,150,971
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,760,000
      11,154 SF

      12250 Los Osos Vly Rd

      VEHICLE SALES, RENTALS • 11,154 SF
      12250 Los Osos Vly Rd, San Luis Obispo, CA 93405-7222
      View Details
    • Value Estimation
      $6,170,000
      22,776 SF

      12350 Los Osos Vly Rd

      VEHICLE SALES, RENTALS • 22,776 SF
      12350 Los Osos Vly Rd, San Luis Obispo, CA 93405-7221
      View Details
    • Value Estimation
      $590,000
      1,500 SF

      12398 Los Osos Vly Rd

      VEHICLE SALES, RENTALS • 1,500 SF
      12398 Los Osos Vly Rd, San Luis Obispo, CA 93405-7201
      View Details
    • Value Estimation
      $3,900,000
      9,125 SF

      12200 Los Osos Vly Rd

      VEHICLE SALES, RENTALS • 9,125 SF
      12200 Los Osos Vly Rd, San Luis Obispo, CA 93405-7222
      View Details
    • Value Estimation
      $1,600,000
      7,942 SF

      1407 Auto Park Way

      VEHICLE SALES, RENTALS • 7,942 SF
      1407 Auto Park Way, San Luis Obispo, CA 93405-7202
      View Details
    • Value Estimation
      $6,865,000
      25,663 SF

      1251 Calle Joaquin

      VEHICLE SALES, RENTALS • 25,663 SF
      1251 Calle Joaquin, San Luis Obispo, CA 93405-7203
      View Details

    Similar Nearby for Sale

    • $1,500,000
      1,208 SF

      San Luis Obispo Mixed-Use Property

      Prime location, development opportunity. High rental income.
      1142 Montalban St, San Luis Obispo, CA 93405
      View Details
    • $2,295,000
      5,940 SF

      Restaurant Property with Freeway Visibility

      Freestanding restaurant in San Luis Obispo with high-volume kitchen.
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      Income-Producing Retail Center For Sale

      Fully occupied retail center on a busy commercial corridor.
      12300 Los Osos Valley Rd, San Luis Obispo, CA 93405
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    • $1,100,000

      Mixed-Use Development Opportunity in SLO

      Pre-planned mixed-use development with income potential near Cal Poly.
      1142 Montalban St, San Luis Obispo, CA 93405
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    • $6,995,000
      24,496 SF

      San Luis Obispo Retail Center

      24,496 SF retail center 100% occupied on busy corridor.
      12300-12334 Los Osos Valley Rd, San Luis Obispo, CA 93405
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    • $3,450,000
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      Historic Ranch Estate Near San Luis Obispo

      189-acre ranch with residences, barns, and equestrian facilities.
      1498 O'sconnor Way, San Luis Obispo, CA 93405
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    Similar Nearby for Lease

    • Contact for pricing
      5,940 SF

      Restaurant Space with Freeway Visibility

      Freestanding restaurant property in San Luis Obispo with high visibility.
      1585 Calle Joaquin, San Luis Obispo, CA 93405
      View Details
    • $3 SF/Yr
      1,398 SF

      Retail Space in Regional Center

      Retail space available in high-traffic shopping center.
      481 Madonna Rd, San Luis Obispo, CA 93405
      View Details
    • $45 SF/Yr
      1,043 SF

      Irish Hills Plaza: Retail Space

      Prime San Luis Obispo Retail, 1,043 SF Vacant
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      View Details
    • $1.85 SF/Yr
      18,036 SF

      Prime Retail Space in San Luis Obispo

      Anchored retail location with strong sales history and recent renovations.
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    • $3 SF/Yr
      35,924 SF

      Regional Shopping Center Anchor Position

      High-traffic retail space in a growing residential area.
      313-319 Madonna Rd, San Luis Obispo, CA 93405
      View Details
    • $3 SF/Yr
      7,143 SF

      Retail Space in Regional Center

      Retail space available in high-traffic shopping center on Madonna Road.
      487 Madonna Rd, San Luis Obispo, CA 93405
      View Details
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    San Luis Obispo, CA 93405-7203
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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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