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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Warehouses
1451 4th St Oceano, CA 93445-9401
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0912606
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1994
Construction
TILT-UP CONCRETE
Total area
8,810 SF
Lot
0.51 ac (22,216 SF)
Zoning code
CS
APN
062-291-013
UPID
US09-0912606
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
Current use
Occupant on record · Public records
-
4th Street Mini Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$805k
Owner & transaction history
Martin Coastal Storages LLC · 18 yrs held
Martin Coastal Storages LLC
since 2008
7 recorded transactions
Zoning & alternative use
CS · Oceano, 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 Oceano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oceano 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
$91 / 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
$5,764
Tax year 2024
Assessed value
$533,105
Assessed 2024
Previous assessed
$533,105
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$172,395
Assessed improvement
$360,710
Applied tax rate
52.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
8,810 SF
Lot
0.51 ac (22,216 SF)
Zoning code
CS
APN
062-291-013
UPID
US09-0912606
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CS · Oceano, CA
Zoning CS · permitted uses
CS · Oceano, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oceano. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.51 ac
Current owner
From public records · entity-resolved
Martin Coastal Storages LLC
Entity
Free & Clear · 18 yrs held
Mailing address
213 RADDA WAY, PISMO BEACH, CA 93449-1636
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2008
—
Martin Coastal Storages LLC
Martin & Hobbs LLC
Quit Claim Deed
—
Jan 5, 2000
$900,000
Martin & Hobbs LLC
Fourth Street Mini Storage
Grant Deed
—
Jun 19, 1997
—
Street Mini Storage Fourth
Knecht,jack H
Quit Claim Deed
related
—
Dec 29, 1995
$700,500
Plumbing Knechts
Commerce Bank San Luis Obispo
Grant Deed
$490,000 · Commerce Bank San Luis Obispo
Dec 12, 1995
$241,248
Commerce Bank San Luis Obispo
Saucedo Trust
Trustees Deed
related
—
Jun 18, 1993
—
Anthony E Saucedo
—
Grant Deed
related
$269,000 · Commerce Bank San Luis Obispo
Oct 10, 1991
$146,000
Anthony Saucedo
Luna,leonard
Grant Deed
—
May 23, 1990
$24,000
Luna,leonard & B
Luna,leonard
Trustees Deed
related
—
—
—
Anthony Saucedo
—
Deed Of Trust
related
$100,000 · Commerce Bank
—
—
Leonard Luna
—
Deed Of Trust
related
$170,000 · Central Coast Bank
—
—
Saucedo Trust
—
Deed Of Trust
related
$21,903 · Burke & Pace Arroyo Grande INC
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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