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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Retail space
187 Pomeroy Ave, Pismo Beach, CA 93449-2639
Trust Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2249337
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1947
Construction
TILT-UP CONCRETE
Total area
2,400 SF
Lot
0.1 ac (4,400 SF)
Zoning code
C1
APN
005-181-010
UPID
US09-2249337
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
Current use
Occupant on record · Public records
-
Pismo Yogurt Cafe & Coffee Shop Take-out & Catering
-
Tipoa Rental Car Car Rental Facility
-
El Mirador Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$351k
Blend (final)
Blend
$520k
Owner & transaction history
Grimshaw Edward A Living Trust · 16 yrs held
Grimshaw Edward A Living Trust
since 2010
7 recorded transactions
Zoning & alternative use
C1 · Pismo Beach, 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 Pismo Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pismo 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
Method
Estimation
Statistic approach
by Request
ML approach
$355,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$217 / 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
$6,823
Tax year 2024
Assessed value
$631,253
Assessed 2024
Previous assessed
$631,253
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$477,961
Assessed improvement
$153,292
Applied tax rate
4.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1947
Construction
TILT-UP CONCRETE
Heating
NONE
Rooms
1
Bathrooms
2
Total area
2,400 SF
Lot
0.1 ac (4,400 SF)
Zoning code
C1
APN
005-181-010
UPID
US09-2249337
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
C1 · Pismo Beach, CA
Zoning C1 · permitted uses
C1 · Pismo Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pismo Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Construction
TILT-UP CONCRETE
Heating
NONE
Rooms
1
Bathrooms
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Grimshaw Edward A Living Trust
Trust
Mailing address
111 S HALCYON RD, ARROYO GRANDE, CA 93420-3115
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2010
—
Grimshaw Edward A Living Trust
Grimshaw,edward A
Quit Claim Deed
related
—
Feb 28, 1996
—
Edward A Grimshaw
Grimshaw,jacklyn C
Quit Claim Deed
related
—
Dec 8, 1989
$375,000
Edward Grimshaw
Cool,stephen N
Trustees Deed
$324,000 · Coast Federal Bank
Dec 8, 1989
—
Stephen N Cool
Kikuchi,ronald K
Trustees Deed
related
—
—
—
Edward A Grimshaw
—
Deed Of Trust
related
$200,000 · Santa Lucia Bank
—
—
Edward A Grimshasw
—
Deed Of Trust
related
$200,000 · Santa Lucia Bank
—
—
Edward A Grimshaw
—
Deed Of Trust
related
$291,000 · Santa Lucia Bank
—
—
Edward A Grimshaw
—
Deed Of Trust
related
$100,000 · Valliwide 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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