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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Turn key restaurants
1491 Monterey St San Luis Obispo, CA 93401-2925
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3271487
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2005
Construction
WOOD
Total area
3,739 SF
Lot
0.12 ac (5,220 SF)
Zoning code
CT
APN
001-231-027
UPID
US10-3271487
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
-
Splash Cafe Gourmet Catering Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.87M
Blend (final)
Blend
$2.58M
Owner & transaction history
1473 Monterey Street LLC · 1 yrs held
1473 Monterey Street LLC
since 2024
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
CT · San Luis Obispo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+4.7%
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 San Luis Obispo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Luis Obispo 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
$2,580,000
ML approach
$2,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,880,000
Current use
COMMERCIAL (GENERAL)
$1,965,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,710,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$1,695,000
Change: -10% · Conversion: Moderate
MEDICAL BUILDING
$1,595,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±10% · vs last sale $2.58M (Aug 30 2024)
Last sale anchor
$2.58M
Aug 30 2024
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
$690 / 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
$20,262
Tax year 2024
Assessed value
$1,833,384
Assessed 2024
Previous assessed
$1,833,384
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$603,463
Assessed improvement
$1,229,921
Applied tax rate
3.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
NONE
Total area
3,739 SF
Lot
0.12 ac (5,220 SF)
Zoning code
CT
APN
001-231-027
UPID
US10-3271487
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CT · San Luis Obispo, CA
Zoning CT · permitted uses
CT · San Luis Obispo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Luis Obispo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
RESTAURANT Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
2005
Construction
WOOD
Heating
NONE
Lot
0.12 ac
Current owner
From public records · entity-resolved
1473 Monterey Street LLC
Entity
Mailing address
701 ANACAPA ST STE D, SANTA BARBARA, CA 93101-7232
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2025
—
1473 Monterey Street LLC
—
Deed
related
$250,000 · The Jeff And Lisa Gordon Trust
Oct 10, 2024
—
1473 Monterey Street LLC
—
Deed
related
$1,000,000 · The Jeff And Lisa Gordon Trust
Aug 30, 2024
$2,577,500
1473 Monterey Street LLC
Ross E Currie
Grant Deed
$1,557,500 · Ross E Currie & Joanne M Currie Fam
Sep 24, 2020
—
Ross E Currie
—
Deed
related
$625,000 · Mechanics Bank
Jan 29, 2013
—
Currie Ross E & J M Family Trust
Currie,ross & Joanne
Quit Claim Deed
related
—
Jul 2, 2004
—
Ross Currie
—
Trustees Deed
related
$900,000 · Mid-state Bank & Trust Co
Aug 2, 1993
—
Yoshiaki Tanouye
Howell,william S
Quit Claim Deed
related
—
Dec 28, 1990
$200,000
Yoshiaki Tanouye
Howell,william S
Grant Deed
$200,000 · Seller
Aug 14, 1990
$100,000
Yoshiaki Tanouye
Bishop,david C
Grant Deed
—
—
—
Yoshiaki Tanouye
—
Deed Of Trust
related
$75,000 · Goleta National Bank
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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