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Property profile & analytics
OFF-MARKET
Estimated value
$3,080,000
Office buildings
1540 Marsh St San Luis Obispo, CA 93401-2936
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1328863
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2006
Construction
WOOD
Total area
11,009 SF
Lot
0.9 ac (39,000 SF)
Zoning code
O
APN
001-235-013
UPID
US09-1328863
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
-
Family Connections Christian Adoptions Adoption Agency
-
Melissa Kasarjian CPA Accounting Firm Tax Preparation
-
Lynlee April Olivera, LMFT - Treatment Of Obsessive Compulsive and related Disorders Crisis Center Medical Clinic
-
Law Offices of David Chesley Law Firm
-
Galpert Larry PHD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.36M
Comparable Approach
Comparable
$3.81M
Blend (final)
Blend
$3.08M
Owner & transaction history
Mission Offices LLC · 21 yrs held
Mission Offices LLC
since 2004
3 recorded transactions
Zoning & alternative use
O · San Luis Obispo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.0M
+0.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,645,000
6.5%
$3,360,000
7%
$3,120,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,995,000
Current use
AUTO REPAIR, GARAGE
$5,030,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$4,695,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$3.08M
Range $2.77M – $3.39M · ±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
$280 / 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
$31,373
Tax year 2024
Assessed value
$2,838,810
Assessed 2024
Previous assessed
$2,838,810
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$156,271
Assessed improvement
$2,682,539
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Total area
11,009 SF
Lot
0.9 ac (39,000 SF)
Zoning code
O
APN
001-235-013
UPID
US09-1328863
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
O · San Luis Obispo, CA
Zoning O · permitted uses
O · 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
OFFICE BUILDING Current
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
2006
Construction
WOOD
Heating
NONE
Lot
0.9 ac
Current owner
From public records · entity-resolved
Mission Offices LLC
Entity
Free & Clear · 21 yrs held
Mailing address
1110 CALIFORNIA BLVD STE C, SAN LUIS OBISPO, CA 93401-2970
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2006
—
Mission Offices LLC
—
Trustees Deed
related
$1,500,000 · Heritage Oaks Bank
Nov 22, 2004
—
Mission Offices LLC
Obispo Investments INC
Grant Deed
related
—
Mar 28, 1991
$602,500
Obispo Inv INC
Mayor,gerardo G
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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