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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Medical Office Space
1551 Bishop St Ste 240 San Luis Obispo, CA 93401-4661
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2004122
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
WOOD
Total area
2,277 SF
Lot
0.05 ac (2,277 SF)
Zoning code
O
APN
003-703-056
UPID
US10-2004122
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
$965k
Comparable Approach
Comparable
$885k
Blend (final)
Blend
$1.25M
Owner & transaction history
Eugene A Brughelli JR · 1 yrs held
Eugene A Brughelli JR
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
O · San Luis Obispo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+23.4%
Auto repair, garage
$1.0M
+7.1%
Office building
$1.0M
+6.3%
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
$1,250,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$965,000
7%
$895,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$970,000
Current use
COMMERCIAL (GENERAL)
$1,200,000
Change: +23% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,040,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$1,035,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (Oct 2 2024)
Last sale anchor
$1.25M
Oct 2 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
$549 / 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
$8,073
Tax year 2024
Assessed value
$730,527
Assessed 2024
Previous assessed
$730,527
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$294,566
Assessed improvement
$435,961
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Rooms
9
Total area
2,277 SF
Lot
0.05 ac (2,277 SF)
Zoning code
O
APN
003-703-056
UPID
US10-2004122
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
MEDICAL BUILDING Current
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE 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
1986
Construction
WOOD
Heating
NONE
Rooms
9
Lot
0.05 ac
Current owner
From public records · entity-resolved
Eugene A Brughelli JR
Individual
Mailing address
549 CROYDEN LN STE #200, CAMBRIA, CA 93428-2407
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
Oct 2, 2024
$1,250,000
Eugene A Brughelli JR
Sloq Properties LLC
Grant Deed
—
Jan 2, 2015
—
Sloq Properties LLC
Quaglino Matt & J Fam Trust
Grant Deed
—
Jul 1, 2014
$525,000
Quaglino,matt & Joyce Fam Trust
Omkar Investments LP
Grant Deed
$268,000 · Charles L Senn Realtor Psp(ct)
May 30, 2013
—
Omkar Investments LP
—
Trustees Deed
related
$560,000 · Heritage Oaks Bank
May 15, 2008
$962,000
Omkar Investments
Mahnke John & Brown G E
Grant Deed
$650,000 · Rabobank
Apr 24, 2008
—
Polin Burt W & V 1989 Trust
Polin,burt W
Affidavit Of Death
related
—
May 9, 2002
—
John T Mahnke
Mahnke,john T
Quit Claim Deed
related
$250,000 · Polin Trust
—
—
John T Mahnke
—
Deed Of Trust
related
$40,000 · Bank Of Commerce
—
—
Sloq Properties LLC
—
Loan Modification
related
—
—
—
John T Mahnke
—
Deed Of Trust
related
$50,000 · Bank Of Commerce
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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