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Property profile & analytics
OFF-MARKET
Estimated value
$1,875,000
Retail space
205 Oak Hl Rd Paso Robles, CA 93446-5438
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2778364
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
WOOD
Total area
7,800 SF
Lot
1.25 ac (54,450 SF)
Zoning code
RC
APN
009-814-043
UPID
US09-2778364
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
$1.95M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.88M
Owner & transaction history
205 Oak Hill Dev LLC · 8 yrs held
205 Oak Hill Dev LLC
since 2018
7 recorded transactions
Zoning & alternative use
RC · Paso Robles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
G. Regional Commercial Zoning District (RC) Purpose. The Regional Commercial Zoning District is established to provide areas where diverse commercial enterprises can work together to meet retail shopping demands locally and regionally. H. Resort/Lodging Zoning District (RL) Purpose. The Resort/Lodging Zoning District is established to provide areas for visit…
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
64.42 ac
Source
Current Zoning Code
Top alternative use upside
Apartment house (5+ units)
$2.9M
+14.3%
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 Paso Robles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paso Robles 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%
$2,110,000
6.5%
$1,950,000
7%
$1,810,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,530,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,890,000
Change: +14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,510,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$2,415,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.88M
Range $1.69M – $2.06M · ±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
$240 / 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
$34,630
Tax year 2024
Assessed value
$2,959,489
Assessed 2024
Previous assessed
$2,959,489
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$870,437
Assessed improvement
$2,089,052
Applied tax rate
2.0000
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
2007
Construction
WOOD
Heating
NONE
Total area
7,800 SF
Lot
1.25 ac (54,450 SF)
Zoning code
RC
APN
009-814-043
UPID
US09-2778364
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
RC · Paso Robles, CAZoning RC · permitted uses
RC · Paso Robles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
G. Regional Commercial Zoning District (RC) Purpose. The Regional Commercial Zoning District is established to provide areas where diverse commercial enterprises can work together to meet retail shopping demands locally and regionally. H. Resort/Lodging Zoning District (RL) Purpose. The Resort/Lodging Zoning District is established to provide areas for visitor-oriented lodging and recreation opportunities near tourism and visitor-oriented destinations. I. Industrial Zoning District (M) Purpose. The Industrial Zoning District is established to provide areas for general industrial uses, such as manufacturing and fabrication, industrial services, outside storage, vehicle repair, warehousing, and wholesale distribution. J. Planned Industrial Zoning District (PM) Purpose. The Planned Industrial Zoning District is established to provide areas where innovation and flexibility in the design and function of industrial developments can be achieved.
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
64.42 ac
Source
Current Zoning Code
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
OFFICE 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
2007
Construction
WOOD
Heating
NONE
Lot
1.25 ac
Current owner
From public records · entity-resolved
205 Oak Hill Dev LLC
Entity
Mailing address
67100 SARGENTS RD, SAN ARDO, CA 93450-8901
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2018
—
205 Oak Hill Dev LLC
Fleischer,richard
Quitclaim Deed
$360,000 · American Riviera Bk
Oct 20, 2017
—
Richard Fleischer
Fleischer,angelique
Quitclaim Deed
related
—
Oct 20, 2017
$600,000
Richard Fleischer
H&d Highlands LLC
Grant Deed
$360,000 · American Riviera Bank
Apr 5, 2016
—
Highland Hills Paso Robles Cen
Orradre Investments LP
Quit Claim Deed
—
Aug 19, 2015
—
H & D Hidlands LLC
Wh Paso Robles 23 LLC
Quit Claim Deed
related
—
Jul 8, 2015
$3,850,000
Orradre Investments LP
Morelli G R & C Living Trust
Grant Deed
—
Oct 23, 2012
—
Morelli Giuseppe R & C Liv Trust
Morelli G R & C Living Trust
Quit Claim Deed
related
$250,000 · Heritage Oaks Bank
Jul 31, 2012
$3,317,500
Morelli,guisseppe R & C Liv Trust
H & D Highlands LLC
Grant Deed
$2,229,500 · Heritage Oaks Bank
Dec 2, 2009
—
H & D Highlands LLC
—
Trustees Deed
related
$3,400,000 · City National Bank
Nov 14, 2007
—
H & D Highlands LLC
—
Trustees Deed
related
$3,400,000 · City National Bank
—
—
Morelli,giuseppe R & C Liv Trust
—
Loan Modification
related
$1,694,000 · Heritage Oaks Bk
—
—
H & D Highlands LLC
—
Deed Of Trust
related
$250,000 · Coast Nat'l Bk
—
—
H & D Highlands LLC
—
Deed Of Trust
related
$353,333 · Founders Cmnty Bk
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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