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Property profile & analytics
FOR SALE
Commercial land
2405 El Camino Real, Atascadero, CA 93422-1537
Trust Owned
Absentee Owner
Free & Clear
Property ID
US10-3248070
For Sale
1 / 20
$8,950,000
2405 El Camino Real, Atascadero, CA 93422-1537
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1937
Construction
WOOD FRAME
Total area
1,352 SF
Lot
4.18 ac (182,135 SF)
Zoning code
MF20
APN
049-151-005
UPID
US10-3248070
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
$6.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.15M
Owner & transaction history
John S Keese Family Trust
John S Keese Family Trust
since 2025
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
MF20 · Atascadero, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Atascadero submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atascadero 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
$5,980,000
ML approach
$6,595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.15M
Range $6.43M – $7.86M · ±10% · vs last sale $8.00M (Jan 28 2022)
Last sale anchor
$8.00M
Jan 28 2022
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
$5,285 / 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
$17,746
Tax year 2024
Assessed value
$1,597,014
Assessed 2024
Previous assessed
$1,597,014
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,597,014
Applied tax rate
7.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1937
Construction
WOOD FRAME
Heating
NONE
Stories
2
Rooms
5
Bathrooms
2
Total area
1,352 SF
Lot
4.18 ac (182,135 SF)
Zoning code
MF20
APN
049-151-005
UPID
US10-3248070
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
MF20 · Atascadero, CA
Zoning MF20 · permitted uses
MF20 · Atascadero, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atascadero. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1937
Construction
WOOD FRAME
Heating
NONE
Stories
2
Rooms
5
Bathrooms
2
Lot
4.18 ac
Current owner
From public records · entity-resolved
John S Keese Family Trust
Trust
Free & Clear · 0 yrs held
Mailing address
242 EL DORADO WAY, PISMO BEACH, CA 93449-1532
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
$7,500,000
John S Keese Family Trust
Cal Coastal Communities INC
Trust Deed
related
—
Oct 14, 2024
—
Cal Coastal Communities INC
—
Deed
related
$1,673,028 · Phelan Properties & Investments INC
Oct 11, 2024
—
Cal Coastal Communities INC
—
Deed
related
$2,000,000 · Cal Coastal Holding LLC
Jan 28, 2022
$8,000,000
Cal Coastal Communities INC
Walmart INC
Grant Deed
$6,500,000 · Mid Coast Capital INC
Jun 29, 2006
—
Atascadero Mixed Use Ptrs LLC
Mccoy Lane Partners LLC
Quit Claim Deed
—
Apr 9, 2004
$950,000
Mccoy Land Partners LLC
Kinney,raymond E & Natalin T
Grant Deed
—
Feb 19, 2003
—
Raymond E Kinney
Kinney,tr
Quit Claim Deed
related
$150,000 · Wells Fargo Home Mortgage INC
Aug 10, 1998
—
Kinney Trust
Kinney,raymond E & Natalin L
Quit Claim Deed
related
—
—
—
Mccoy Lane Partner LLC
—
Deed Of Trust
related
$570,000 · Mid-state Bank & Trust Co
—
—
Kinney Trust
—
Deed Of Trust
related
$10,000 · Bank Of America
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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