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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Industrial properties
202 Tank Farm Rd H San Luis Obispo, CA 93401-7520
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1589539
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1989
Total area
6,200 SF
Lot
0.14 ac (6,200 SF)
Zoning code
CS
APN
053-251-065
UPID
US09-1589539
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
-
Rental Depot Inc. (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Central Coast State Parks Association Charitable Organization Social Service Agency
-
Carefree Pools & Spas (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
-
Kramer Events Tech Support Center Rental Equipment Company
-
Kitchen and Bath Works Hardware & Home Improvement Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$2.23M
Owner & transaction history
Eric Laurent Saulnier · 1 yrs held
Eric Laurent Saulnier
since 2024
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
CS · San Luis Obispo, 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 San Luis Obispo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Luis Obispo 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
$2,225,000
ML approach
$2,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,265,000
Current use
RESTAURANT
$3,115,000
Change: -4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,835,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$2,815,000
Change: -14% · Conversion: Easy
MEDICAL BUILDING
$2,645,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±10% · vs last sale $2.23M (Aug 29 2024)
Last sale anchor
$2.23M
Aug 29 2024
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
$359 / 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
$4,085
Tax year 2024
Assessed value
$369,673
Assessed 2024
Previous assessed
$369,673
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$170,993
Assessed improvement
$198,680
Applied tax rate
3.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1989
Heating
NONE
Total area
6,200 SF
Lot
0.14 ac (6,200 SF)
Zoning code
CS
APN
053-251-065
UPID
US09-1589539
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CS · San Luis Obispo, CA
Zoning CS · permitted uses
CS · San Luis Obispo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Luis Obispo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.3M
RESTAURANT
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1989
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Eric Laurent Saulnier
Individual
Mailing address
13041 PO BOX 2095TH LN, CARMEL VALLEY, CA 93924-2095
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
$2,225,000
Eric Laurent Saulnier
Craig A Karli
Grant Deed
$1,668,750 · Craig A Karli Etux
Jul 30, 2009
$625,000
Anthony B Horzen
Karli,craig A & Patricia A
Grant Deed
$562,500 · Craig A & Patricia A Karli
Sep 7, 1995
$350,000
Karli,craig A & Patricia A
Mid State Bank
Trustees Deed
$100,000 · Mid State Bank
Sep 7, 1995
—
Craig A Karli
Mid State Bank
Quit Claim Deed
related
—
Mar 7, 1995
$600,000
Mid State Bank
Cook Trust
Trustees 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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