Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,165,000
Medical Office Space
2120 Cienaga St Oceano, CA 93445-9016
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1863504
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Construction
WOOD
Total area
12,578 SF
Lot
1.03 ac (44,866 SF)
Zoning code
CR
APN
062-117-011
UPID
US09-1863504
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
Current use
Occupant on record · Public records
-
Community Health Centers - Del Mar Medical Clinic
-
Jaimee Collins, NP Physician
-
Julia Edgerton, DDS Dental Office
-
Esther Opoku, PA Physician
-
Shahrouz Eman, DC - Del Mar Oceano Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.33M
Comparable Approach
Comparable
$6.99M
Blend (final)
Blend
$5.17M
Owner & transaction history
Community Health Centers Of Ctrl Co · 2 yrs held
Community Health Centers Of Ctrl Co
since 2024
7 recorded transactions
Zoning & alternative use
CR · Oceano, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.3M
+22.4%
Office building
$6.0M
+16.0%
Auto repair, garage
$5.8M
+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 Oceano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oceano 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%
$5,770,000
6.5%
$5,325,000
7%
$4,945,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,170,000
Current use
RESTAURANT
$6,325,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$5,995,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,750,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,715,000
Change: +11% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,660,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$5.17M
Range $4.65M – $5.68M · ±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
$411 / 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
$544
Tax year 2024
Assessed value
$5,937,985
Assessed 2024
Previous assessed
$5,937,985
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$2,012,477
Assessed improvement
$3,925,508
Applied tax rate
52.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2017
Construction
WOOD
Heating
NONE
Total area
12,578 SF
Lot
1.03 ac (44,866 SF)
Zoning code
CR
APN
062-117-011
UPID
US09-1863504
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CR · Oceano, CAZoning CR · permitted uses
CR · Oceano, 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
MEDICAL BUILDING Current
Est. value
$5.2M
RESTAURANT
Est. value
$6.3M
OFFICE BUILDING
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.7M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2017
Construction
WOOD
Heating
NONE
Lot
1.03 ac
Current owner
From public records · entity-resolved
Community Health Centers Of Ctrl Co
Entity
Free & Clear · 2 yrs held
Mailing address
2050 S BLOSSER RD, SANTA MARIA, CA 93458-7310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2024
—
Community Health Centers Of Ctrl Co
Chc Qalicb INC
Grant Deed
—
Oct 6, 2017
—
Community Health Centers Of Ctrl
Plaza Central LLC
Grant Deed
—
May 23, 2016
$1,959,500
Chc Qalicb INC
Community Health Centers Of The Cen
Grant Deed
—
Sep 11, 2015
$1,950,000
Community Health Centers Of Ctrl
Plaza Central LLC
Grant Deed
—
Dec 21, 2007
$33,000
Plaza Central LLC
Takken Family Trust
Quit Claim Deed
related
—
—
—
Takken Family Trust
—
Deed Of Trust
related
$90,000 · San Luis Trust Bank
—
—
Takken Family Trust
—
Deed Of Trust
related
$450,000 · San Luis Trust Bank
—
—
Plaza Central LLC
—
Loan Modification
related
$600,000 · Pacific Western 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2120 Cienaga St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
