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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
1634 Manhattan Ave Grover Beach, CA 93433-2516
Trust Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1422297
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1974
Construction
TILT-UP CONCRETE
Total area
2,026 SF
Lot
0.14 ac (6,098 SF)
Zoning code
R2
APN
060-307-020
UPID
US09-1422297
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bailey Real Estate Trust · 8 yrs held
Bailey Real Estate Trust
since 2018
3 recorded transactions
Zoning & alternative use
R2 · Grover Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
D. Medium Density Residential Zone (R2). The Medium Density Residential Zone is intended to accommodate small -lot detached and attached dwellings developed at densities not exceeding nine units per acre. Public and quasi-public uses, and similar or compatible uses may also be appropriate. E. Coastal Medium Density Residential Zone (CR2). The Coastal Medium…
Zone name
Medium Density Residential
General category
RESIDENTIAL
Zone area
178.53 ac
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 Grover Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grover Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,271
Tax year 2024
Assessed value
$110,980
Assessed 2024
Previous assessed
$110,980
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$55,490
Assessed improvement
$55,490
Applied tax rate
5.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
2,026 SF
Lot
0.14 ac (6,098 SF)
Zoning code
R2
APN
060-307-020
UPID
US09-1422297
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
R2 · Grover Beach, CAZoning R2 · permitted uses
R2 · Grover Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
D. Medium Density Residential Zone (R2). The Medium Density Residential Zone is intended to accommodate small -lot detached and attached dwellings developed at densities not exceeding nine units per acre. Public and quasi-public uses, and similar or compatible uses may also be appropriate. E. Coastal Medium Density Residential Zone (CR2). The Coastal Medium Density Residential Zone is intended to accommodate small-lot detached and attached multi- unit residential dwellings at densities not exceeding nine units per acre. Public and quasi -public uses, and similar or compatible uses may also be appropriate. All development shall be consistent with the City’s Local Coastal Program.
Zone name
Medium Density Residential
General category
RESIDENTIAL
Zone area
178.53 ac
Building & site characteristics
From public records
Year built
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Bailey Real Estate Trust
Trust
Free & Clear · 8 yrs held
Mailing address
7250 CACTUS CURV, CHANHASSEN, MN 55317-9031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Apr 3, 2018
—
Bailey Real Estate Trust
Bailey Family Trust
Quit Claim Deed
related
—
May 26, 2015
—
Bailey Family Trust
Bailey Paul B & Joan H
Quit Claim Deed
related
—
Mar 4, 2015
—
Bailey,paul B & Joan H Liv Trust
Bailey Paul B & Joan H
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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