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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Office buildings
1908 Spg St Paso Robles, CA 93446-1620
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2626650
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Construction
WOOD
Total area
1,581 SF
Lot
0.16 ac (7,000 SF)
APN
008-235-005
UPID
US10-2626650
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
$355k
CAP Approach
CAP
$485k
Comparable Approach
Comparable
$630k
Blend (final)
Blend
$570k
Owner & transaction history
Gravity LLC · 10 yrs held
Gravity LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$725,000
+47.6%
Commercial (general)
$665,000
+35.9%
Medical building
$650,000
+32.7%
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 Paso Robles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paso Robles 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%
$525,000
6.5%
$485,000
7%
$450,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$490,000
Current use
AUTO REPAIR, GARAGE
$725,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$665,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$650,000
Change: +33% · Conversion: Easy
RETAIL STORES
$515,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$361 / 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
$7,411
Tax year 2024
Assessed value
$666,595
Assessed 2024
Previous assessed
$666,595
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$441,873
Assessed improvement
$224,722
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Construction
WOOD
Heating
NONE
Rooms
6
Bathrooms
2
Total area
1,581 SF
Lot
0.16 ac (7,000 SF)
APN
008-235-005
UPID
US10-2626650
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$665,000
MEDICAL BUILDING
Est. value
$650,000
RETAIL STORES
Est. value
$515,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
Construction
WOOD
Heating
NONE
Rooms
6
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Gravity LLC
Entity
Mailing address
694 SANTA ROSA ST, SAN LUIS OBISPO, CA 93401-2802
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2020
—
Gravity LLC
—
Deed
related
$387,000 · Sesloc FCU
Oct 30, 2015
—
Gravity LLC
Gravity LLC
Grant Deed
related
$371,250 · Mufg Union Bank NA
Aug 20, 2008
$528,000
Gravity LLC
Henry C A Living Trust
Grant Deed
$427,500 · American Principle Bank
Sep 7, 2006
—
Henry C A Living Trust
Henry,christopher A
Quit Claim Deed
related
—
Sep 6, 2006
—
Christopher A Henry
Henry C A Living Trust
Quit Claim Deed
related
$300,000 · Northington H & J 2000 Trust
Sep 6, 2005
—
Henry Christopher A Trust
Henry,christopher A
Quit Claim Deed
related
—
Apr 22, 2004
—
Christopher A Henry
Andrew,henry Est
Quit Claim Deed
related
—
Oct 31, 1994
$175,000
Andrew Henry
Peake Trust
Grant Deed
$148,750 · Seller
—
—
Henry C A Living Trust
—
Deed Of Trust
related
$415,000 · Northington H A & J Trust
—
—
Christopher A Henry
—
Deed Of Trust
related
$110,000 · Slf Lending INC
—
—
Gravity LLC
—
Deed Of Trust
related
$100,000 · American Principle 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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