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Property profile & analytics
OFF-MARKET
Investment properties
225 Atascadero Rd Morro Bay, CA 93442-1516
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-6841816
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1953
Construction
WOOD
Total area
1,088 SF
Lot
0.93 ac (40,650 SF)
Zoning code
CVS
APN
065-182-006
UPID
US09-6841816
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 Beachhouse RV Park Campground & RV Park
-
Custom Sewing by Karen Heise (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Joseph A Wallick · 1 yrs held
Joseph A Wallick
since 2024
Last sale
$240,000
6 recorded transactions
Zoning & alternative use
CVS · Morro Bay, CA
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 Morro Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morro Bay 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,285
Tax year 2024
Assessed value
$485,172
Assessed 2024
Previous assessed
$485,172
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$412,767
Assessed improvement
$72,405
Applied tax rate
6.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
YES
Stories
1
Rooms
6
Bathrooms
1
Total area
1,088 SF
Lot
0.93 ac (40,650 SF)
Zoning code
CVS
APN
065-182-006
UPID
US09-6841816
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CVS · Morro Bay, CAZoning CVS · permitted uses
CVS · Morro Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1953
Construction
WOOD
Heating
YES
Stories
1
Rooms
6
Bathrooms
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Joseph A Wallick
Individual
Mailing address
225 ATASCADERO RD, MORRO BAY, CA 93442-1516
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2024
—
Joseph A Wallick
Joseph A Wallick
Intrafamily Transfer
related
—
Jun 26, 2024
—
Joseph Anthony Wallick
Charlotte Maud Wallick
Affidavit Of Death Of Joint Tenant
related
—
Mar 28, 2008
—
Joseph A Wallick
Wallick,charlotte M
Affidavit Of Death
related
$150,000 · Wachovia Mortgage Fsb
Jun 14, 2002
$170,000
Joseph A Wallick
Sukin,peter J
Grant Deed
related
—
Dec 23, 1998
$240,000
225 W Escalones
Johnson Trust
Grant Deed
$175,000 · Seller
—
—
Joseph A Wallick
—
Deed Of Trust
related
$1 · Hud
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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