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Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Turn key restaurants
1585 Calle Joaquin San Luis Obispo, CA 93405-7205
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1442359
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1967
Construction
WOOD
Total area
5,945 SF
Lot
1 ac (43,560 SF)
Zoning code
CT
APN
053-171-029
UPID
US09-1442359
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
-
Hotel Calle Joaquin Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.66M
Blend (final)
Blend
$2.38M
Owner & transaction history
Ev Lounge Corp INC · 1 yrs held
Ev Lounge Corp INC
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
CT · San Luis Obispo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.8M
+25.7%
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
$2,375,000
ML approach
$2,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,990,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,760,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,910,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,715,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$2,665,000
Change: -11% · Conversion: Moderate
MEDICAL BUILDING
$2,535,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±10% · vs last sale $2.38M (Sep 30 2024)
Last sale anchor
$2.38M
Sep 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
$399 / 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
$19,943
Tax year 2024
Assessed value
$1,804,511
Assessed 2024
Previous assessed
$1,804,511
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,066,303
Assessed improvement
$738,208
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
1967
Construction
WOOD
Heating
NONE
Total area
5,945 SF
Lot
1 ac (43,560 SF)
Zoning code
CT
APN
053-171-029
UPID
US09-1442359
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
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
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
1967
Construction
WOOD
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Ev Lounge Corp INC
Entity
Mailing address
2170 HUTTON RDA, NIPOMO, CA 93444-9717
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
$2,375,000
Ev Lounge Corp INC
1575 Cjack LLC
Grant Deed
$1,350,000 · Mission Bank
Jun 5, 2023
$5,200,000
Yatin Naran
Jbm Slo LLC
Deed
$3,300,000 · Jbm Slo LLC
Sep 18, 2018
$1,650,000
18575 Cjack LLC
Melville H Hodge JR
Grant Deed
$1,162,000 · Pacific Premier Bank
Apr 27, 2018
$3,650,000
Jbm Slo LLC
Wayne L Hanson
Grant Deed
$1,825,000 · Silvergate Bank
Nov 13, 1995
$671,500
Hodge Trust
Johnson,kenneth & Marjorie A
Grant Deed
—
Aug 25, 1995
—
Kenneth Johnson
Bartlett Trust
Quit Claim Deed
related
—
Nov 3, 1994
$92,500
Kenneth Johnson
Pacific Coast Equities INC
Grant Deed
related
—
May 18, 1994
—
Bartlett Trust
Bartlett,guy M &
Quit Claim Deed
related
—
Aug 30, 1991
$273,500
Pacific Coast Eq
Guerin,robert M
Grant Deed
$197,908 · Seller
Oct 31, 1989
—
Guy M Bartlett
Hanson,mary J
Quit Claim Deed
related
—
Oct 31, 1989
$462,500
Barry Hermanson
Bartlett,guy M
Trustees Deed
$412,500
—
—
Pacific Coast Equities INC
—
Deed Of Trust
related
$350,000 · Templeton 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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