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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2146 Parker St Ste A1 San Luis Obispo, CA 93401-5042

    • Warehouses
    • 2,643 SF
    • 1.40 lot acres
    OFF-MARKET
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    4.6%
    Warehouses
    Location Intelligence
    Property ID
    US09-1993921
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Melo Brand / Store
    • Square Deal Storage / Storage Facility
    • Kinship Midwifery / Midwife
    • Ziip Stick / Vaporizer Store
    • WILLIAM K. GAMBLE LAW FIRM / Law Firm

    Property Details for 2146 Parker St Ste A1

    Year built
    1957
    Construction
    WOOD
    Lot size
    1.40 lot acres
    Property size
    2,643 SF
    Zone code
    CS
    Property type
    Warehouses
    APN
    003-721-051
    APU
    3721051

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $650,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $500,000
      6.5%
      $460,000
      7%
      $430,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $750,000
      Market price range: $342k - $750k
      AI Estimate
      $350,000
      Market price range: $120k - $350k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $505,000
      Current use
      RETAIL STORES
      $885,000
      Change: +75% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.669
    Latitude
    35.2706
    CBSA code
    42020
    CBSA name
    SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $32,694
    $2,218,765
    $739,587
    $2,958,352
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,715,000
      15,316 SF

      635 Clarion Ct

      WAREHOUSE, STORAGE • 15,316 SF
      635 Clarion Ct, San Luis Obispo, CA 93401-8177
      View Details
    • Value Estimation
      $1,040,000
      6,509 SF

      225 Suburban Rd

      WAREHOUSE, STORAGE • 6,509 SF
      225 Suburban Rd, San Luis Obispo, CA 93401-7546
      View Details
    • Value Estimation by Request
      2,904 SF

      1708 Bch St

      WAREHOUSE, STORAGE • 2,904 SF
      1708 Bch St, San Luis Obispo, CA 93401-4322
      View Details
    • Value Estimation by Request
      1,130 SF

      855 Via Esteban D Ste D

      WAREHOUSE, STORAGE • 1,130 SF
      855 Via Esteban D Ste D, San Luis Obispo, CA 93401-7212
      View Details
    • Value Estimation
      $670,000
      6,720 SF

      855 Via Esteban A Ste A

      WAREHOUSE, STORAGE • 6,720 SF
      855 Via Esteban A Ste A, San Luis Obispo, CA 93401-7209
      View Details
    • Value Estimation
      $665,000
      6,720 SF

      855 Via Esteban C Ste C

      WAREHOUSE, STORAGE • 6,720 SF
      855 Via Esteban C Ste C, San Luis Obispo, CA 93401-7211
      View Details

    Similar Nearby for Sale

    • $4,600,000

      Commercial Building with Office Suites

      Commercial building featuring office suites and warehouse storage space.
      615 Clarion Ct, San Luis Obispo, CA 93401
      View Details
    • $1,095,000
      3,200 SF

      Warehouse with Office and Residence

      Warehouse with office, yard space, and manufactured home.
      202 Tank Farm Rd, San Luis Obispo, CA 93401
      View Details
    • $8,250,000
      46,242 SF

      Versatile Industrial Building in San Luis Obispo

      46,242 SF industrial building suitable for various uses.
      143 Suburban Rd, San Luis Obispo, CA 93401
      View Details
    • $13,000,000
      34,427 SF

      San Luis Obispo Leased Investment

      34,427 SF commercial property in active commercial corridor.
      855 Aerovista Pl, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      1.04 Acres

      Six San Luis Obispo Parcels

      Prime commercial/industrial land, flexible zoning.
      250 Tank Farm Rd, San Luis Obispo, CA 93401
      View Details
    • $295,000
      594 SF

      Prime San Luis Obispo Office Condo

      Updated 594 SF Office, Great Location
      3591 Sacramento Dr, San Luis Obispo, CA 93401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse Space with Showroom/Office

      Class A warehouse with showroom and office space for lease.
      178 Suburban Rd, San Luis Obispo, CA 93401
      View Details
    • $5,500 /Mo
      4,000 SF

      San Luis Obispo Warehouse For Rent

      4,000 SF warehouse with office and parking available for rent.
      111 Suburban Rd, San Luis Obispo, CA 93401
      View Details
    • $1.25 SF/Yr
      7,250 SF

      San Luis Obispo Warehouse and Office

      Warehouse and office space in a sought-after San Luis Obispo location.
      189 Granada Dr, San Luis Obispo, CA 93401
      View Details
    • $1.30 SF/Yr
      10,674 SF

      San Luis Obispo Warehouse Space

      Industrial warehouse space available for lease in San Luis Obispo.
      254 Granada Dr, San Luis Obispo, CA 93401
      View Details
    • $18 SF/Yr
      7,250 SF

      San Luis Obispo Industrial Gem

      7,250 SF Office/Warehouse, Prime Location
      189 Granada Dr, San Luis Obispo, CA 93401
      View Details
    • $1.30 SF/Yr
      8,616 SF

      Office, Warehouse and Shop Space

      Office, warehouse, and shop space available for lease.
      3050 Broad St, San Luis Obispo, CA 93401
      View Details
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    San Luis Obispo, CA 93401-5042
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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