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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Office buildings
2035 9th St Los Osos, CA 93402-3265
Individually Owned
~
Est. High Equity
Property ID
US09-0621715
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1972
Construction
TILT-UP CONCRETE
Total area
2,750 SF
Lot
0.22 ac (9,375 SF)
Zoning code
COMM
APN
038-652-044
UPID
US09-0621715
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
$800k
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$763k
Blend (final)
Blend
$780k
Owner & transaction history
Gerry Kent Grotenhuis Revocable Tru
Gerry Kent Grotenhuis Revocable Tru
since 2026
Last sale
$735,000
7 recorded transactions
Zoning & alternative use
COMM · Los Osos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+2.0%
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 Los Osos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Osos 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
$820,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,230,000
Current use
AUTO REPAIR, GARAGE
$1,255,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$1,175,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $735k (May 26 2023)
Last sale anchor
$735k
May 26 2023
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
$284 / 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
$13,596
Tax year 2024
Assessed value
$749,700
Assessed 2024
Previous assessed
$749,700
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$331,500
Assessed improvement
$418,200
Applied tax rate
112.0000
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
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Rooms
3
Bathrooms
5
Total area
2,750 SF
Lot
0.22 ac (9,375 SF)
Zoning code
COMM
APN
038-652-044
UPID
US09-0621715
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
COMM · Los Osos, CAZoning COMM · permitted uses
COMM · Los Osos, CA
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
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Rooms
3
Bathrooms
5
Lot
0.22 ac
Current owner
From public records · entity-resolved
Gerry Kent Grotenhuis Revocable Tru
Individual
Mailing address
PO BOX 6538, HUNTINGTON BEACH, CA 92615-6538
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
—
Gerry Kent Grotenhuis Revocable Tru
Gerry Kent Grotenhuis
Deed
related
—
May 26, 2023
$735,000
Gerry Kent Grotenhuis
James K Downey
Grant Deed
$435,000 · Habib Tabrizi
Nov 23, 2022
—
James K Downey
—
Deed
related
$230,000 · Alired & Company Escrow Services
Mar 22, 2021
$560,000
James K Downey
Habib Tabrizi
Grant Deed
$460,000 · Habib Tabrizi
Jan 29, 2021
$400,000
Jafari-tabrizi 2009 Fam Trust
Malin Kelvin C Family Trust
Grant Deed
—
Dec 24, 2019
—
Kelvin C Malin
Malin Kelvin & Erin Trust
Quit Claim Deed
related
—
Jul 17, 2017
—
Kelvin Malin
Malin Erin Living Trust
Quit Claim Deed
related
—
Aug 16, 2016
—
Daren E Israel
Malin,erin K
Affidavit Of Death
related
—
Jun 14, 2016
—
Malin,erin Living Trust
Malin,erin K I
Quit Claim Deed
related
—
Apr 10, 2002
—
Malin Trust
Malin,kelvin C & Erin K
Quit Claim Deed
related
—
May 16, 2000
$205,000
Kelvin C Malin
Pierce,mark L & Jane L
Grant Deed
$153,750 · Heritage Oaks Bank
Dec 28, 1999
$135,000
Mark L Pierce
Tenet Healthsystem Partners
Grant Deed
$108,000 · Heritage Oaks Bank
Feb 26, 1999
—
Tenet Healthsystem Partners
Tenet Physician Partners LLC
Quit Claim Deed
related
—
Nov 27, 1996
—
Tenet Physician Partners LLC
San Luis Medical Clinic Ltd
Grant Deed
related
—
Jun 8, 1990
$440,000
San Luis Medical
Clinic,propertie
Grant Deed
related
—
—
—
Kelvin C Malin
—
Deed Of Trust
related
$160,000 · Mid State 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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