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Property profile & analytics
OFF-MARKET
Estimated value
$1,645,000
Medical Office Space
203 Sta Way Arroyo Grande, CA 93420-3370
Individually Owned
29-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2081945
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Construction
WOOD
Total area
5,060 SF
Lot
0.7 ac (30,492 SF)
Zoning code
VMU
APN
007-483-035
UPID
US09-2081945
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
$2.15M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.65M
Owner & transaction history
Village Creek Profess'l Center · 29 yrs held
Village Creek Profess'l Center
since 1996
1 recorded transaction
Zoning & alternative use
VMU · Arroyo Grande, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The primary purpose of the VMU district is to provide for a mixture of commercial, office and residential uses compatible with surrounding residential districts, in small scale pedestrian oriented developments
Zone name
Village Mixed Use
General category
MIXED_USE
Zone area
56.62 ac
Source
Realmo
Top alternative use upside
Restaurant
$2.5M
+22.4%
Commercial (general)
$2.5M
+21.2%
Auto repair, garage
$2.3M
+11.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,320,000
6.5%
$2,145,000
7%
$1,990,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,080,000
Current use
RESTAURANT
$2,545,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,520,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,310,000
Change: +11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,000,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$1,945,000
Change: -6% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,875,000
Change: -10% · Conversion: Moderate
RETAIL STORES
$1,865,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±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
$325 / 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
$21,348
Tax year 2024
Assessed value
$2,023,241
Assessed 2024
Previous assessed
$2,023,241
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$984,280
Assessed improvement
$1,038,961
Applied tax rate
1.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Total area
5,060 SF
Lot
0.7 ac (30,492 SF)
Zoning code
VMU
APN
007-483-035
UPID
US09-2081945
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
VMU · Arroyo Grande, CAZoning VMU · permitted uses
VMU · Arroyo Grande, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The primary purpose of the VMU district is to provide for a mixture of commercial, office and residential uses compatible with surrounding residential districts, in small scale pedestrian oriented developments
Zone name
Village Mixed Use
General category
MIXED_USE
Zone area
56.62 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.1M
RESTAURANT
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.9M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1987
Construction
WOOD
Heating
NONE
Lot
0.7 ac
Current owner
From public records · entity-resolved
Village Creek Profess'l Center
Individual
Mailing address
3023 NW 73RD ST, SEATTLE, WA 98117-6268
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 1996
$345,000
Village Creek Profess'l Center
Village Creek Plaza
Grant Deed
related
$258,500 · Montecito Bank & Trust
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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