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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Commercial land
1829 El Camino Real Atascadero, CA 93422-1511
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-1624203
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1959
Construction
WOOD FRAME
Total area
1,852 SF
Lot
6.35 ac (276,606 SF)
Zoning code
CR
APN
049-102-076
UPID
US09-1624203
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
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$763k
Blend (final)
Blend
$645k
Owner & transaction history
M P Annex LLC · 9 yrs held
M P Annex LLC
since 2016
7 recorded transactions
Zoning & alternative use
CR · Atascadero, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$845,000
+29.9%
Medical building
$760,000
+16.8%
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 Atascadero submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atascadero 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
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$650,000
Current use
AUTO REPAIR, GARAGE
$845,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$760,000
Change: +17% · Conversion: Easy
RETAIL STORES
$640,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$348 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$22,702
Tax year 2023
Assessed value
$2,003,860
Assessed 2023
Previous assessed
$2,003,860
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,003,860
Applied tax rate
7.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1959
Construction
WOOD FRAME
Heating
NONE
Rooms
4
Bathrooms
3
Total area
1,852 SF
Lot
6.35 ac (276,606 SF)
Zoning code
CR
APN
049-102-076
UPID
US09-1624203
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CR · Atascadero, CA
Zoning CR · permitted uses
CR · Atascadero, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atascadero. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$845,000
MEDICAL BUILDING
Est. value
$760,000
RETAIL STORES
Est. value
$640,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1959
Construction
WOOD FRAME
Heating
NONE
Rooms
4
Bathrooms
3
Lot
6.35 ac
Current owner
From public records · entity-resolved
M P Annex LLC
Entity
Mailing address
284 HIGUERA ST, SAN LUIS OBISPO, CA 93401-4215
Ownership since
2016
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
Jul 20, 2016
—
M P Annex LLC
M P Annex LLC
Intrafamily Transfer
related
$2,000,000 · 1st Capital Bank
Aug 8, 2014
—
Mp Annex LLC
Montecito Bk & Trust
Grant Deed
—
May 18, 2012
$2,500,000
Montecito Bk & Trust
Asset Foreclosure Svcs Incce
Trustees Deed
related
—
Jun 29, 2010
—
Atascadero North LLC
—
Deed Of Trust
related
$6,000,000 · Montecito Bank & Trust
Jan 18, 2006
$800,000
Atascadero North LLC
Jones,michael G & Lesa F
Grant Deed
$640,000 · Montecito Bank & Trust
Nov 5, 1993
—
Michael G Olsten
Olsten,michael G
Quit Claim Deed
related
$56,000 · San Francisco Federal S & L
—
—
Atascadero North LLC
—
Deed Of Trust
related
$3,889,183 · Montecito Bank & Trust
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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