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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Medical Office Space
1428 Oak St Paso Robles, CA 93446-2102
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3034318
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1912
Construction
WOOD
Total area
1,363 SF
Lot
0.33 ac (14,420 SF)
Zoning code
R2
APN
008-316-002
UPID
US10-3034318
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
$350k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$367k
Blend (final)
Blend
$515k
Owner & transaction history
Oms Holdings LLC · 20 yrs held
Oms Holdings LLC
since 2005
5 recorded transactions
Zoning & alternative use
R2 · Paso Robles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
shall be prohibited from short-term rentals such as vacation rental or Airbnb use. A deed restriction shall be required as a condition of approval for the Development Plan of the phase. D. Future development in the R2-RL-PD-J zoned portion of this site (Area 5) shall adhere to the following standards: 1. Area 5 may be developed with either of the following u…
Zone name
Residential Duplex And Triplex
General category
RESIDENTIAL
Zone area
254.16 ac
Source
Current Zoning Code
Top alternative use upside
Auto repair, garage
$625,000
+11.2%
Commercial (general)
$575,000
+2.4%
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 Paso Robles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paso Robles 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
by Request
ML approach
$350,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$560,000
Current use
AUTO REPAIR, GARAGE
$625,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$575,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
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
$378 / SF
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
$13,033
Tax year 2024
Assessed value
$1,172,302
Assessed 2024
Previous assessed
$1,172,302
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$535,910
Assessed improvement
$636,392
Applied tax rate
2.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1912
Construction
WOOD
Heating
NONE
Stories
1
Rooms
8
Bathrooms
1
Total area
1,363 SF
Lot
0.33 ac (14,420 SF)
Zoning code
R2
APN
008-316-002
UPID
US10-3034318
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
R2 · Paso Robles, CAZoning R2 · permitted uses
R2 · Paso Robles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
shall be prohibited from short-term rentals such as vacation rental or Airbnb use. A deed restriction shall be required as a condition of approval for the Development Plan of the phase. D. Future development in the R2-RL-PD-J zoned portion of this site (Area 5) shall adhere to the following standards: 1. Area 5 may be developed with either of the following uses: 2. A 135,000 square-foot resort including; up to 100 rooms (55,740 s
Zone name
Residential Duplex And Triplex
General category
RESIDENTIAL
Zone area
254.16 ac
Source
Current Zoning Code
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$625,000
COMMERCIAL (GENERAL)
Est. value
$575,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1912
Construction
WOOD
Heating
NONE
Stories
1
Rooms
8
Bathrooms
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Oms Holdings LLC
Entity
Free & Clear · 20 yrs held
Mailing address
990 BOYSEN AVE, SAN LUIS OBISPO, CA 93405-1313
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2005
$300,000
Oms Holdings LLC
Whitcher,bruce L & Alexandra K
Grant Deed
—
Jul 16, 2003
—
Bruce L Whitcher
—
Trustees Deed
related
$523,700 · Westamerica Bank
Jun 26, 2001
$200,000
Bruce L Whitcher
Schmitt Trust
Grant Deed
—
Oct 3, 1994
—
Schmitt Trust
Schmitt,rochelle
Quit Claim Deed
related
—
Sep 8, 1994
—
Schmitt Trust
Schmitt,rochelle
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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