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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Office buildings
1921 Spg St Paso Robles, CA 93446-1619
Entity Owned
6-yr Hold
Free & Clear
Property ID
US09-5575411
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2009
Construction
WOOD
Total area
1,680 SF
Lot
0.16 ac (7,000 SF)
Zoning code
OP
APN
008-233-010
UPID
US09-5575411
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
by Request
CAP Approach
CAP
$515k
Comparable Approach
Comparable
$670k
Blend (final)
Blend
$605k
Owner & transaction history
1921 Spring Street LLC · 6 yrs held
1921 Spring Street LLC
since 2020
7 recorded transactions
Zoning & alternative use
OP · Paso Robles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$770,000
+47.6%
Commercial (general)
$705,000
+35.9%
Medical building
$690,000
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$555,000
6.5%
$515,000
7%
$475,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$520,000
Current use
AUTO REPAIR, GARAGE
$770,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$705,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$690,000
Change: +33% · Conversion: Easy
RETAIL STORES
$545,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$360 / 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
$7,893
Tax year 2024
Assessed value
$710,000
Assessed 2024
Previous assessed
$710,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$425,000
Assessed improvement
$285,000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
YES
Stories
1
Rooms
6
Bathrooms
2
Total area
1,680 SF
Lot
0.16 ac (7,000 SF)
Zoning code
OP
APN
008-233-010
UPID
US09-5575411
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
OP · Paso Robles, CA
Zoning OP · permitted uses
OP · Paso Robles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paso Robles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$705,000
MEDICAL BUILDING
Est. value
$690,000
RETAIL STORES
Est. value
$545,000
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
Year built
2009
Construction
WOOD
Heating
YES
Stories
1
Rooms
6
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
1921 Spring Street LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 4656, PASO ROBLES, CA 93447-4656
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Mar 31, 2020
—
1921 Spring Street LLC
Tina Nelson
Grant Deed
—
Oct 16, 2017
—
Tina Nelson
1921 Spring Street LLC
Quit Claim Deed
—
Aug 26, 2008
$393,500
1921 Spring Street LLC
Christensen,ty J & Jennifer L
Grant Deed
—
Nov 8, 2006
—
Mundee Ken & Lynn Family Trust
Mundee,kenneth & Lynn S
Quit Claim Deed
related
—
Oct 27, 2006
$487,000
Ty J Christensen
Mundee,kenneth & Lynn
Grant Deed
$389,220 · Sierra Pacific Mortgage
May 13, 2005
$300,000
Kenneth Mundee
Reeder W B & G C 1995 Trust
Grant Deed
—
Jul 30, 2004
—
Reeder,tr
Reedmare Corp
Quit Claim Deed
related
—
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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