New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
Commercial land
1860 El Camino Real, Atascadero, CA 93422-1535
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-4887842
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.74 ac (32,234 SF)
Zoning code
CT
APN
049-133-028
UPID
US09-4887842
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
$2.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.08M
Owner & transaction history
Richard F Armet · 4 yrs held
Richard F Armet
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
CT · Atascadero, 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 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
$2,210,000
ML approach
$2,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±10% · vs last sale $1.93M (Oct 1 2021)
Last sale anchor
$1.93M
Oct 1 2021
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
$22,255
Tax year 2024
Assessed value
$2,002,770
Assessed 2024
Previous assessed
$2,002,770
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,002,770
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
Lot
0.74 ac (32,234 SF)
Zoning code
CT
APN
049-133-028
UPID
US09-4887842
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CT · Atascadero, CA
Zoning CT · permitted uses
CT · 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.
Building & site characteristics
From public records
Lot
0.74 ac
Current owner
From public records · entity-resolved
Richard F Armet
Individual
Free & Clear · 4 yrs held
Mailing address
213 E ACACIA AVE, EL SEGUNDO, CA 90245-2302
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jan 12, 2024
—
Coastal Pit Stop INC
—
Deed
related
$7,010,000 · Celtic Bank Corporation
May 25, 2022
—
Richard F Armet
Richard F Armet
Re-recorded Document
related
—
May 25, 2022
$1,925,000
Coastal Pit Stop INC
Richard F Armet
Re-recorded Document
related
—
Oct 1, 2021
$1,925,000
Coastal Pit Stop INC
Richard F Armet
Grant Deed
$1,250,000 · Richard Armet
Oct 1, 2021
—
Richard F Armet
Richard F Armet
Intrafamily Transfer
related
—
Aug 6, 2014
—
Richard F Armet
Richard F Armet
Intrafamily Transfer
related
$904,000 · Coast National Bank
Apr 18, 2006
$975,000
Rick Armet
Thomas E Mcnamara
Grant Deed
$500,000 · Heritage Oaks 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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