Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Retail space
22322 El Camino Reala Santa Margarita, CA 93453-8628
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-0652560
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Construction
WOOD
Total area
3,425 SF
Lot
0.16 ac (7,125 SF)
Zoning code
CR
APN
069-034-011
UPID
US09-0652560
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
$1.53M
CAP Approach
CAP
$855k
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.30M
Owner & transaction history
Byron Smith · 5 yrs held
Byron Smith
since 2020
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
CR · Santa Margarita, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+47.0%
Auto repair, garage
$1.6M
+41.0%
Commercial (general)
$1.6M
+40.1%
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 Santa Margarita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Margarita 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
$1,505,000
ML approach
$1,525,000
CAP Approach
CAP Return
Estimation
6%
$925,000
6.5%
$855,000
7%
$795,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,110,000
Current use
OFFICE BUILDING
$1,635,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,565,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,555,000
Change: +40% · Conversion: Easy
MEDICAL BUILDING
$1,405,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.29M (Sep 25 2020)
Last sale anchor
$1.29M
Sep 25 2020
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
$380 / 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
$15,176
Tax year 2024
Assessed value
$1,365,773
Assessed 2024
Previous assessed
$1,365,773
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$318,362
Assessed improvement
$1,047,411
Applied tax rate
54.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
NONE
Buildings
2
Total area
3,425 SF
Lot
0.16 ac (7,125 SF)
Zoning code
CR
APN
069-034-011
UPID
US09-0652560
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CR · Santa Margarita, CA
Zoning CR · permitted uses
CR · Santa Margarita, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Margarita. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL 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
2003
Construction
WOOD
Heating
NONE
Buildings
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Byron Smith
Individual
Mailing address
PO BOX 906, SANTA MARGARITA, CA 93453-0906
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2020
$1,287,000
Byron Smith
Clay C Knight
Grant Deed
$1,348,000 · Customers Bank
Jun 4, 2009
—
Knight Clay C Family Trust
Knight,clay C
Quit Claim Deed
related
—
Jul 1, 1996
$150,000
Knight,clay
Foge,beverly A
Trustees Deed
$137,500 · Seller
Jul 1, 1996
—
Carolyn R Olsen
Olsen,lawrence K
Quit Claim Deed
related
—
—
—
Clay Knight
—
Deed Of Trust
related
$421,000 · Heritage Oaks Bank
—
—
Clay Knight
—
Deed Of Trust
related
$617,500 · Santa Barbara Bank & Trust
—
—
Clay Knight
—
Deed Of Trust
related
$130,000 · Heritage 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 22322 El Camino Reala?
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.
