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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Warehouses
2015 Olivera Ave Arroyo Grande, CA 93420-5739
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-2291158
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2014
Construction
WOOD
Total area
3,610 SF
Lot
10.51 ac (457,815 SF)
Zoning code
IND
APN
091-211-007
UPID
US09-2291158
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
$575k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$750k
Owner & transaction history
N F Davis Drier & Elevator · 8 yrs held
N F Davis Drier & Elevator
since 2018
7 recorded transactions
Zoning & alternative use
IND · Arroyo Grande, 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 Arroyo Grande submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arroyo Grande 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
$575,000
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$690,000
Current use
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$208 / 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
$125,484
Tax year 2024
Assessed value
$11,600,501
Assessed 2024
Previous assessed
$11,600,501
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$4,327,061
Assessed improvement
$7,273,440
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
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Construction
WOOD
Heating
NONE
Buildings
7
Bathrooms
3
Total area
3,610 SF
Lot
10.51 ac (457,815 SF)
Zoning code
IND
APN
091-211-007
UPID
US09-2291158
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
IND · Arroyo Grande, CA
Zoning IND · permitted uses
IND · Arroyo Grande, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arroyo Grande. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$690,000
WAREHOUSE, STORAGE Current
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
2014
Construction
WOOD
Heating
NONE
Buildings
7
Bathrooms
3
Lot
10.51 ac
Current owner
From public records · entity-resolved
N F Davis Drier & Elevator
Individual
Mailing address
PO BOX 425, FIREBAUGH, CA 93622-0425
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2018
$6,500,000
N F Davis Drier & Elevator
Papich Jason & April F/
Grant Deed
—
Mar 18, 2016
$3,387,500
Jason & April Papich Family Trust
Jason Papich
Grant Deed
$6,775,000 · Community West Bank NA
Mar 18, 2016
—
Papich,jason & April Family Trust
Toste,anthony & Deanna
Quit Claim Deed
related
—
Jan 31, 2011
—
Jason
Papich,jason & April A
Quit Claim Deed
related
—
Dec 30, 2010
$1,750,000
Jason Papich
Aloha Mini Storage INC
Grant Deed
$1,450,000 · Coast National Bank
Mar 3, 2005
—
Aloha Mini Storage INC
Ramey,jesse A & Jenine A
Quit Claim Deed
related
—
Jun 16, 2000
$500,000
Jesse A Ramey
Withrow Trust
Grant Deed
$330,000 · Gilstrap Trust
Oct 29, 1997
—
Withrow Trust
Withrow,charles V & Roberta H
Quit Claim Deed
related
—
Jul 5, 1996
—
Devereaux Trust
Devereaux,beverly
Quit Claim Deed
related
—
Feb 3, 1995
—
Ralph F Parkison Trustee
Parkison,marion O
Quit Claim Deed
related
—
—
—
Jesse A Ramey
—
Deed Of Trust
related
$95,000 · Duncan Osborne
—
—
Aloha Mini Storage INC
—
Deed Of Trust
related
$1,500,000 · Coast National Bank
—
—
Aloha Mini Storage INC
—
Deed Of Trust
related
$1,500,000 · Coast National Bank
—
—
Aloha Mini Storage INC
—
Deed Of Trust
related
$250,000 · Santa Lucia Bank
—
—
Jesse A Ramey
—
Deed Of Trust
related
$345,000 · David L & Jacqueline Vaughn
—
—
Aloha Mini Storage INC
—
Deed Of Trust
related
$350,000 · Brooks Family 2005 Trust
—
—
Jesse A Ramey
—
Deed Of Trust
related
$187,500 · Individual
—
—
Jesse A Ramey
—
Deed Of Trust
related
$65,000 · Individual
—
—
Aloha Mini Storage INC
—
Deed Of Trust
related
$1,250,000 · Coast National Bank
—
—
Aloha Mini Storage INC
—
Deed Of Trust
related
$1,000,000 · Coast National Bank
—
—
Aloha Mini Storage INC
—
Deed Of Trust
related
$1,500,000 · Coast National Bank
—
—
Aloha Mini Storage INC
—
Deed Of Trust
related
$1,000,000 · Coast National Bank
—
—
Aloha Mini Storage INC
—
Deed Of Trust
related
$700,000 · Coast National Bank
—
—
Aloha Mini Storage INC
—
Deed Of Trust
related
$1,500,000 · Coast National 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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