Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1518 Spg St Paso Robles, CA 93446-2146
    Back to Search
    Property profile & analytics

    1518 Spg St, Paso Robles, CA 93446-2146

    View on Map
    • Investment properties
    • 5,640 SF
    • 0.16 lot acres
    Off-Market
    Property ID
    US10-2338553
    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.
    Value Estimations
    $1,595,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 1518 Spg St

    Year built
    2020
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Zone code
    TC1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    008-321-005
    APU
    8321005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 5, 2019 — Goldstein,r D & P M Trust Dick & Tricia LLC Quit Claim Deed —
    Apr 14, 2015 — Dick & Tricia LLC Goldstein R D & P M Trust Grant Deed · related —
    Feb 23, 2015 — Goldstein,richard D & P M Trust 1518-24 Spring St LLC Grant Deed —
    Mar 18, 2009 $100,000 1518-24 Springs St LLC Pacific Oak Foreclosure Trustees Deed · related —
    Feb 13, 2009 $100,000 Goldstein R D & P M Family Pacific Oak Foreclosure Trustees Deed · related —
    Feb 22, 2005 — Kelly V Gearhart Morro Road Homes LLC Grant Deed —
    Jan 28, 2005 $709,000 Morro Road Homes LLC Shybo LLC Grant Deed —
    Jul 7, 2003 — L L C Shybo Webb,william B & Mari P Grant Deed · related —
    Aug 9, 2001 $23,500 Raymond Mccall Mccall,donald Grant Deed · related —
    Oct 27, 2000 $210,000 Webb Trust Meyer,robert Trustees Deed —
    Oct 27, 2000 — Webb Trust Meyer,robert Grant Deed · related —
    Oct 27, 2000 $105,000 Webb,william B & Mary P Webb Trust Trustees Deed · related —
    — — Kelly V Gearhart — Deed Of Trust · related $620k · Goldstein R & P Family Trust
    — — Kelly V Gearhart — Deed Of Trust · related $620k · Goldstein R & P Family Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,070,000
      6.5%
      $990,000
      7%
      $920,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,742,000
      Market price range: $797k - $1.89M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,375,000
      Current use
      AUTO REPAIR, GARAGE
      $2,580,000
      Change: +9% Conversion: Difficult
      MEDICAL BUILDING
      $2,315,000
      Change: -2% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,090,000
      Change: -12% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Paso Robles
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.691
    Latitude
    35.6303
    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
    $22,214
    $379,806
    $1,618,342
    $1,998,148
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      741 SF

      710 Spg St

      OFFICE/RESIDENTIAL (MIXED USE)
      710 Spg St, Paso Robles, CA 93446-2841
      View Details
    • Value Estimation
      $615,000
      1,896 SF

      2955 Un Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      2955 Un Rd, Paso Robles, CA 93446-9320
      View Details
    • Value Estimation by Request
      1,084 SF

      1560 Golden Hl Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      1560 Golden Hl Rd, Paso Robles, CA 93446-7008
      View Details
    • Value Estimation by Request
      1,448 SF

      121 Wilmar Pl

      OFFICE/RESIDENTIAL (MIXED USE)
      121 Wilmar Pl, Paso Robles, CA 93446-8680
      View Details
    • Value Estimation by Request
      1,313 SF

      2908 Ardmore Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      2908 Ardmore Rd, Paso Robles, CA 93446-7362
      View Details
    • Value Estimation by Request
      1,106 SF

      2120 Park St

      OFFICE/RESIDENTIAL (MIXED USE)
      2120 Park St, Paso Robles, CA 93446-1434
      View Details

    Similar Nearby for Sale

    • $5,000,000
      10,780 SF

      Downtown Paso Robles Development Opportunity

      Prime mixed-use property near downtown park with approved development plans.
      800 11Th St, Paso Robles, CA 93446
      View Details
    • New
      $750,000
      1,290 SF

      Charming Craftsman Mixed-Use Opportunity

      Circa 1900 craftsman with a versatile layout that can support small business use or a return to residential living.
      1545 Park St, Paso Robles, CA 93446
      View Details
    • $399,000
      39,204.00 Acres

      Paso Robles Development Opportunity

      0.9 acre lot with potential for five units.
      845 Creston Rd, Paso Robles, CA 93446
      View Details
    • $1,750,000
      5,675,432.40 Acres

      Paso Robles Vineyard Opportunity

      130+/- acre vineyard in Paso Robles Estrella District.
      1600 Adobe Rd, Paso Robles, CA 93446
      View Details
    • Contact for pricing

      Paso Robles Vineyard Estate

      47-acre vineyard estate in Paso Robles' Willow Creek District.
      3000 Oakdale Rd, Paso Robles, CA 93446
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,520 SF

      Paso Robles Retail Space Available

      Retail space in a large shopping center on Highway 101.
      2051 Theatre Dr, Paso Robles, CA 93446
      View Details
    • Contact for pricing

      Industrial Single Tenant Space

      Industrial space available for rent, 4,968 SqFt.
      3563 Combine St, Paso Robles, CA 93446
      View Details
    • Contact for pricing
      2,940 SF

      Retail Space in Woodland Plaza

      Retail space available in a busy Paso Robles shopping center.
      120-180 Niblick Rd, Paso Robles, CA 93446
      View Details
    • Contact for pricing
      1,013 SF

      Retail Space in Woodland Plaza

      Retail space available in a busy shopping center.
      Niblick Rd, Paso Robles, CA 93446
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1518 Spg St
    Paso Robles, CA 93446-2146
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1518 Spg St, Paso Robles, CA, 93446
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!