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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Commercial land
186 Thompson Ave Nipomo, CA 93444-9072
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3020858
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.41 ac (18,000 SF)
Zoning code
CR
APN
090-384-013
UPID
US10-3020858
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
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
Mdm Marketing INC · 1 yrs held
Mdm Marketing INC
since 2025
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
CR · Nipomo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Nipomo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nipomo 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
$855,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $800k (Apr 17 2025)
Last sale anchor
$800k
Apr 17 2025
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
—
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
$946
Tax year 2024
Assessed value
$90,132
Assessed 2024
Previous assessed
$90,132
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$90,132
Applied tax rate
52.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
NONE
Lot
0.41 ac (18,000 SF)
Zoning code
CR
APN
090-384-013
UPID
US10-3020858
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CR · Nipomo, CA
Zoning CR · permitted uses
CR · Nipomo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nipomo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.41 ac
Current owner
From public records · entity-resolved
Mdm Marketing INC
Entity
Free & Clear · 1 yrs held
Mailing address
3130 SKWY DR STE #601, SANTA MARIA, CA 93455-1803
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2025
$800,000
Mdm Marketing INC
Chestnut Ventures LLC
Grant Deed
—
Jul 29, 2024
—
Chestnut Ventures LLC
—
Deed
related
$2,000,000 · Lqd Loans Two LLC
Dec 31, 2020
—
Chestnut Vetures LLC
—
Deed
related
$225,000 · Elvira Orly
Feb 7, 2014
$125,000
Chestnut Ventures LLC
Valley Oaks Finl Corp
Grant Deed
—
Feb 18, 2010
—
Valley Oaks Finl Corp
Los Padres Bk
Grant Deed
—
Dec 31, 2009
$264,851
Padres Bk Los
First American Title Ins
Trustees Deed
related
—
Feb 27, 2004
$615,000
Chestnut Villas Nipomo LLC
Castellanos,andy
Grant Deed
$307,500 · Loan Oak Mortgage Fund LLC
Oct 29, 2002
$385,000
Andy Castellanos
Chavez,luis & Consuelo
Grant Deed
$346,500 · Hacienda Bank
Oct 29, 2002
—
Luis Chavez
R & J Commercial Lots
Grant Deed
related
—
Dec 8, 1992
$75,500
R Lots
Snellenberger,ro
Grant Deed
related
—
—
—
Chestnut Villas Of Nipomo LLC
—
Deed Of Trust
related
$200,000 · Los Padres Bank
—
—
Andrew Castellanos
—
Deed Of Trust
related
$195,000 · Community Bank Santa Maria
—
—
Chestnut Vetures LLC
—
Deed Of Trust
related
$225,000 · Elvira Orly
—
—
Chestnut Villas Of Nipomo
—
Deed Of Trust
related
$250,000 · Marty Glade
—
—
Chestnut Villas Of Nipomo
—
Deed Of Trust
related
$100,000 · Sandra Ferber
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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