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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Warehouses
2146 Parker St Ste A1 San Luis Obispo, CA 93401-5042
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-1993921
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1957
Construction
WOOD
Total area
2,643 SF
Lot
1.4 ac (60,983 SF)
Zoning code
CS
APN
003-721-051
UPID
US09-1993921
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
-
The Melo Brand Department Store
-
Square Deal Storage Storage Facility
-
Kinship Midwifery Midwife
-
Ziip Stick (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
WILLIAM K. GAMBLE LAW FIRM Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
$460k
Comparable Approach
Comparable
$750k
Blend (final)
Blend
$555k
Owner & transaction history
Square Deal Recordings & Supplies I · 9 yrs held
Square Deal Recordings & Supplies I
since 2017
7 recorded transactions
Zoning & alternative use
CS · San Luis Obispo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$885,000
+74.8%
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
$650,000
CAP Approach
CAP Return
Estimation
6%
$500,000
6.5%
$460,000
7%
$430,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$505,000
Current use
RETAIL STORES
$885,000
Change: +75% · Conversion: Moderate
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$210 / 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
$32,694
Tax year 2024
Assessed value
$2,958,352
Assessed 2024
Previous assessed
$2,958,352
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,218,765
Assessed improvement
$739,587
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
NONE
Buildings
4
Bathrooms
2
Total area
2,643 SF
Lot
1.4 ac (60,983 SF)
Zoning code
CS
APN
003-721-051
UPID
US09-1993921
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
WAREHOUSE, STORAGE Current
Est. value
$505,000
RETAIL STORES
Est. value
$885,000
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1957
Construction
WOOD
Heating
NONE
Buildings
4
Bathrooms
2
Lot
1.4 ac
Current owner
From public records · entity-resolved
Square Deal Recordings & Supplies I
Individual
Mailing address
2146 PARKER ST STE C2, SAN LUIS OBISPO, CA 93401-5042
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Mar 30, 2017
$2,600,000
Square Deal Recordings & Supplies I
Dill Investments LLC
Grant Deed
$1,950,000 · First American Title Company
Feb 26, 1999
$672,500
Dill Investments LLC
Feliciano Trust
Trustees Deed
$760,000 · First Bank San Luis Obispo
Feb 26, 1999
—
Hal A Dill
Dill,doreen L
Quit Claim Deed
related
—
Feb 26, 1999
$26,236
Dill Investments LLC
Dill,hal A
Trustees Deed
related
—
—
—
Brent S Dill
—
Deed Of Trust
related
$222,600 · Dill Investments LLC
—
—
Dill Investments LLC
—
Deed Of Trust
related
$200,000 · First Bank San Luis Obispo
—
—
Dill Investments LLC
—
Deed Of Trust
related
$300,000 · First Bank San Luis Obispo
—
—
Dill Investments LLC
—
Deed Of Trust
related
$151,135 · First Bank San Luis Obispo
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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