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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Retail space
205 Higuera St Sta A San Luis Obispo, CA 93401-5014
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0164199
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Construction
TILT-UP CONCRETE
Total area
5,491 SF
Lot
0.29 ac (12,782 SF)
Zoning code
CS
APN
003-721-049
UPID
US09-0164199
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
$1.37M
Comparable Approach
Comparable
$894k
Blend (final)
Blend
$1.24M
Owner & transaction history
Dunn-edwards Corp · 8 yrs held
Dunn-edwards Corp
since 2018
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,485,000
6.5%
$1,370,000
7%
$1,275,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,835,000
Current use
INDUSTRIAL (GENERAL)
$1,765,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±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
$226 / 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
$21,063
Tax year 2024
Assessed value
$1,905,857
Assessed 2024
Previous assessed
$1,905,857
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,080,935
Assessed improvement
$824,922
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Rooms
1
Bathrooms
3
Total area
5,491 SF
Lot
0.29 ac (12,782 SF)
Zoning code
CS
APN
003-721-049
UPID
US09-0164199
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
RETAIL STORES Current
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
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
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Rooms
1
Bathrooms
3
Lot
0.29 ac
Current owner
From public records · entity-resolved
Dunn-edwards Corp
Entity
Free & Clear · 8 yrs held
Mailing address
6119 E WASHINGTON BLVD, COMMERCE, CA 90040-2436
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2018
—
Dunn-edwards Corp
De Exchange Holdings LLC
Quit Claim Deed
—
Mar 31, 2017
$1,675,000
De Exchange Holdings LLC
Johnson Joseph M & J N Trust
Grant Deed
—
Aug 15, 2007
—
Johnson J M & J N Family Trust
Johnson,joseph M SR & Joan N
Quit Claim Deed
related
—
Aug 11, 2005
$1,300,000
Joseph M Johnson SR.
Wilson Family Properties
Grant Deed
—
Jul 15, 1999
$815,000
Wilson Trust
Segal Trust
Grant Deed
$438,000 · Westamerica Bank
Feb 26, 1998
—
Segal Trust
Segal,arthur I & Terry L
Quit Claim Deed
related
—
Sep 30, 1993
$477,000
Arthur I Segal
Kinney,earl J &
Grant Deed
$360,000 · Templeton National Bank
—
—
Earl J Kinney
—
Deed Of Trust
related
$25,000 · First Bank San Luis Obispo
—
—
Kinney Earl J
—
Deed Of Trust
related
$235,000 · First Bank San Luis Obispo
—
—
Earl J Kinney
—
Deed Of Trust
related
$44,000 · First Bank San Luis Obispo
—
—
Wilson Family Properties
—
Deed Of Trust
related
$427,000 · Westamerica Bank
—
—
Kinney Earl J
—
Deed Of Trust
related
$30,000 · First Bank San Luis Obispo
—
—
Kinney Earl J
—
Deed Of Trust
related
$10,000 · First Bank San Luis Obispo
—
—
Segal Trust
—
Deed Of Trust
related
$522,227 · 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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