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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Mobile home & RV parks
1750 Toro Crk Rd, Morro Bay, CA 93442-2953
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-2440904
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1984
Construction
TYPE NOT SPECIFIED
Total area
1,782 SF
Lot
40.5 ac (1,764,180 SF)
Zoning code
AG
APN
073-092-049
UPID
US09-2440904
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
$783k
Blend (final)
Blend
$810k
Owner & transaction history
Faron Bento · 8 yrs held
Faron Bento
since 2018
7 recorded transactions
Zoning & alternative use
AG · Morro Bay, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+46.7%
Commercial (general)
$930,000
+8.8%
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 Morro Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morro Bay 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MOBILE HOME PARK, TRAILER PARK
$855,000
Current use
OFFICE BUILDING
$1,255,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$930,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$815,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$730,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$455 / 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
$9,180
Tax year 2024
Assessed value
$830,661
Assessed 2024
Previous assessed
$830,661
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$477,107
Assessed improvement
$353,554
Applied tax rate
112.0000
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Year built
1984
Construction
TYPE NOT SPECIFIED
Heating
NONE
Rooms
5
Bathrooms
2
Total area
1,782 SF
Lot
40.5 ac (1,764,180 SF)
Zoning code
AG
APN
073-092-049
UPID
US09-2440904
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
AG · Morro Bay, CA
Zoning AG · permitted uses
AG · Morro Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morro Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MOBILE HOME PARK, TRAILER PARK Current
Est. value
$855,000
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$930,000
AUTO REPAIR, GARAGE
Est. value
$815,000
MEDICAL BUILDING
Est. value
$730,000
MOBILE HOME PARK, TRAILER PARK Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1984
Construction
TYPE NOT SPECIFIED
Heating
NONE
Rooms
5
Bathrooms
2
Lot
40.5 ac
Current owner
From public records · entity-resolved
Faron Bento
Individual
Mailing address
1750 TORO CRK RD, MORRO BAY, CA 93442-2953
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2018
—
Faron Bento
Faron Bento
Intrafamily Transfer
related
$250,000 · Valley Republic Bank
Aug 20, 2015
—
Faron Bento
Garcia George & E Fam Trust
Quit Claim Deed
related
—
Dec 9, 2010
—
Garcia G & E Family Trust
Garcia G & E Family Trust
Quit Claim Deed
related
—
Jul 15, 2010
—
Garcia George & E Family Trust
Garcia G & E Family Trust
Quit Claim Deed
related
—
Dec 19, 2002
—
Garcia,tr
Garcia,e
Quit Claim Deed
related
—
Dec 6, 2002
—
Eleanor M Garcia
Bento,tr
Grant Deed
related
—
Oct 18, 1999
—
Bento Trust
Bento,angelina
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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