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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Apartment buildings
211 Spruce St, Arroyo Grande, CA 93420-3071
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-1604041
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Construction
WOOD
Total area
6,996 SF
Lot
0.45 ac (19,800 SF)
Zoning code
RG
APN
077-163-020
UPID
US09-1604041
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
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.02M
Owner & transaction history
Ib Investments LLC
Ib Investments LLC
since 2025
7 recorded transactions
Zoning & alternative use
RG · Arroyo Grande, 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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$146 / 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
$7,423
Tax year 2024
Assessed value
$703,530
Assessed 2024
Previous assessed
$703,530
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$268,825
Assessed improvement
$434,705
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Construction
WOOD
Heating
NONE
Rooms
32
Bathrooms
12
Total area
6,996 SF
Lot
0.45 ac (19,800 SF)
Zoning code
RG
APN
077-163-020
UPID
US09-1604041
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
RG · Arroyo Grande, CA
Zoning RG · permitted uses
RG · Arroyo Grande, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arroyo Grande. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
WOOD
Heating
NONE
Rooms
32
Bathrooms
12
Lot
0.45 ac
Current owner
From public records · entity-resolved
Ib Investments LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3937 19TH ST LN, GREELEY, CO 80634-3446
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2025
—
Ib Investments LLC
Frank C And Ida J Buccola Family Tr
Deed
related
—
Aug 6, 2025
—
Ib Investments LLC
Frank C And Ida J Buccola Family Tr
Grant Deed
—
May 15, 2020
—
Buccola,v & S Fam Trust
Vb & Fb Spruce LLC
Quit Claim Deed
—
Feb 7, 2013
—
Vb & Fb Spruce LLC
Buccola F C & I J Fam Trust
Grant Deed
—
Sep 14, 2006
—
Buccola F C & I J Family Trust
Buccola,frank C & Joanne
Quit Claim Deed
related
—
Aug 2, 2004
—
Frank C Buccola
Buccola,tr
Quit Claim Deed
related
—
Jan 2, 2004
—
Buccola,tr
Buccola,tr
Quit Claim Deed
related
—
Feb 11, 1998
—
Frank C Buccola
Buccola,carl & Josephine
Quit Claim Deed
related
—
Aug 28, 1997
—
Frank C Buccola
Buccola,carl & Josephine
Quit Claim Deed
related
—
Aug 21, 1997
—
Carl Buccola
Buccola Trust
Quit Claim 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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