Individually Owned Property summary
AI-generated overview
The property is a newer three-unit mixed-use building totaling approximately 2,700 SF, with ground-level retail space and two residential apartments on the upper level. The retail level has high ceilings estimated at 10 to 12 feet. The two apartments feature open floor plans with 9-foot volume ceilings, recessed lighting, spacious laundry rooms, and substantial storage. Each apartment provides front and rear outdoor balconies accessed from the living area and primary bedroom. Parking is available both along the street and in a rear area accessed via an alley easement. The building is fully fire sprinklered and is equipped with HVAC systems for all three units, with new systems installed in 2026. The ground-floor commercial space is configured in a way that could support subdivision into two separate commercial units.
Property profile
Verified
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2008
Construction
WOOD
Total area
5,510 SF
Lot
0.08 ac (3,500 SF)
Zoning code
CS
APN
021-141-012
UPID
US09-1815517
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tattoo & Piercing Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$225k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$225k
Owner & transaction history
since 2025
Last sale
$211,500
7 recorded transactions
Zoning & alternative use
CS · San Miguel, CA
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$225k
Value range
$203k – $248k
±10% around blend
Estimated value / SF
$41 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$203k
blend $225k
$248k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,510 SF
Lot area
0.08 ac
Year built
2008
APN
021-141-012
Zoning
CS
Assessed value
$521,388
Annual tax
$5,527
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$225k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 308 sales
$454
-91%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $41/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$211k
Move the market yield to see immediate price impact.
Value / SF
$38
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$13k
$267k
$190k
$148k
$15k
$296k
$211k
$165k
$16k
$326k
$233k
$181k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,527
Tax year 2024
Assessed value
$521,388
Assessed 2024
Previous assessed
$521,388
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$87,692
Assessed improvement
$433,696
Applied tax rate
114.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
NONE
Bathrooms
3
Total area
5,510 SF
Lot
0.08 ac (3,500 SF)
Zoning code
CS
APN
021-141-012
UPID
US09-1815517
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CS · San Miguel, CAZoning CS · permitted uses
CS · San Miguel, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2008
Construction
WOOD
Heating
NONE
Bathrooms
3
Lot
0.08 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CS
Jurisdiction
San Miguel, CA
Recorded code
CS
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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