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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Strip malls
2432 Spg St Paso Robles, CA 93446-1226
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-2395589
Property summary
AI-generated overview
This Paso Robles property presents a unique investment opportunity. The 6,528-square-foot industrial warehouse, built in 1959, sits on a large 48,787-square-foot lot zoned TC-2. The existing building offers immediate rental income potential, projected at $2.00 per square foot triple net (NNN), generating an estimated annual net operating income (NOI) exceeding $141,000 with a 7.05% cap rate. A comprehensive underwriting plan incorporates a $500,000 renovation budget. The substantial, flat rear parcel offers significant upside potential for future development. The TC-2 zoning allows for diverse uses, including residential or commercial projects such as live-work units, rowhouses, or stacked dwellings up to 50 feet in height. The property includes nine units and ample parking. This mixed-use (Industrial) Class C building presents a compelling blend of immediate return and long-term development prospects in a desirable Paso Robles location. The property's address is 2432 Spring St, Paso Robles, CA 93446, with APN 008121013. The asking price is $1,500,000.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1959
Total area
6,528 SF
Lot
1.12 ac (48,787 SF)
APN
008-121-013
UPID
US09-2395589
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
by Request
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
Plateroti Global Enterprises LLC
Plateroti Global Enterprises LLC
since 2025
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+354.5%
Commercial (general)
$1.5M
+283.3%
Medical building
$1.1M
+188.1%
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 Paso Robles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paso Robles 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,555,000
6.5%
$1,435,000
7%
$1,335,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,755,000
Change: +354% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,480,000
Change: +283% · Conversion: Easy
MEDICAL BUILDING
$1,115,000
Change: +188% · Conversion: Difficult
RESTAURANT
$865,000
Change: +123% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±10% · vs last sale $1.24M (May 12 2025)
Last sale anchor
$1.24M
May 12 2025
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
$200 / 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
$4,512
Tax year 2024
Assessed value
$405,802
Assessed 2024
Previous assessed
$405,802
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$300,087
Assessed improvement
$105,715
Applied tax rate
2.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1959
Heating
NONE
Total area
6,528 SF
Lot
1.12 ac (48,787 SF)
APN
008-121-013
UPID
US09-2395589
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$865,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
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
1959
Heating
NONE
Lot
1.12 ac
Current owner
From public records · entity-resolved
Plateroti Global Enterprises LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1260 PACIFIC AVE103B, CAYUCOS, CA 93430-1616
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2025
$1,242,500
Plateroti Global Enterprises LLC
Dallons Family Trust
Grant Deed
—
Jun 17, 2022
—
Veraison Wine Country Properties Ll
Dennis A Mastagni
Quit Claim Deed
related
—
Mar 13, 2012
—
Dallons Family Trust
Dallons,jon A & Janice L
Quit Claim Deed
related
—
Oct 12, 2011
—
Kathryn E Wetterstrand
Dallons,john A & Berna W
Quit Claim Deed
related
—
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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