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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Industrial properties
270 Frnt St Grover Beach, CA 93433-1946
Individually Owned
5-yr Hold
Absentee Owner
Property ID
US09-0887267
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1960
Construction
WOOD
Total area
960 SF
Lot
0.11 ac (4,800 SF)
Zoning code
CI
APN
060-133-001
UPID
US09-0887267
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
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$555k
Owner & transaction history
Jordan C Lee · 5 yrs held
Jordan C Lee
since 2020
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
CI · Grover Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Industrial Zones. Industrial zones include the following zones: I, CI, and CIC. Inflatable Sign. Any air or gas filled device located, attached, or tethered to the ground, site, merchandise, building, or roof and used for the purpose of signage, advertising or attention-getting. Legal Nonconforming Sign. A sign which was legal when first erected, with all ne…
Zone name
Coastal Industrial
General category
INDUSTRIAL
Zone area
19.38 ac
Top alternative use upside
Auto repair, garage
$440,000
+15.6%
Commercial (general)
$435,000
+15.1%
Medical building
$395,000
+3.9%
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 Grover Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grover Beach 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
$615,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$380,000
Current use
AUTO REPAIR, GARAGE
$440,000
Change: +16% · Conversion: Easy
COMMERCIAL (GENERAL)
$435,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$395,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$370,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$355,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $525k (Nov 12 2020)
Last sale anchor
$525k
Nov 12 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
$578 / 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
$6,380
Tax year 2024
Assessed value
$557,133
Assessed 2024
Previous assessed
$557,133
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$371,422
Assessed improvement
$185,711
Applied tax rate
5.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Rooms
5
Bathrooms
1
Total area
960 SF
Lot
0.11 ac (4,800 SF)
Zoning code
CI
APN
060-133-001
UPID
US09-0887267
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CI · Grover Beach, CAZoning CI · permitted uses
CI · Grover Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Industrial Zones. Industrial zones include the following zones: I, CI, and CIC. Inflatable Sign. Any air or gas filled device located, attached, or tethered to the ground, site, merchandise, building, or roof and used for the purpose of signage, advertising or attention-getting. Legal Nonconforming Sign. A sign which was legal when first erected, with all necessary permits, but due to a change in the law it became nonconforming (inconsistent with the current requirements of this
Zone name
Coastal Industrial
General category
INDUSTRIAL
Zone area
19.38 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$380,000
AUTO REPAIR, GARAGE
Est. value
$440,000
COMMERCIAL (GENERAL)
Est. value
$435,000
MEDICAL BUILDING
Est. value
$395,000
OFFICE BUILDING
Est. value
$370,000
RETAIL STORES
Est. value
$355,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
1960
Construction
WOOD
Heating
NONE
Rooms
5
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Jordan C Lee
Individual
Mailing address
4949 NADOTTI RD, STOCKTON, CA 95215-2028
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2025
—
Jordan C Lee
—
Deed
related
$493,500 · Nexera Holding LLC
Dec 27, 2021
—
Jordan C Lee
—
Deed
related
$427,000 · The Zorina Kroop Family Trust
Nov 12, 2020
$525,000
Jordan C Lee
Kevin Kephart
Grant Deed
$393,750 · Patch Of Land Lending LLC
Nov 13, 2006
—
Kevin Kephart
Kevin Kephart
Intrafamily Transfer
related
$70,000 · Pacific Trust Mortgage
Dec 13, 2005
—
Kevin Kephart
Kephart,kim
Quit Claim Deed
related
—
Aug 13, 2004
$13,500
Kevin Kephart
Kephart,megan
Grant Deed
related
—
Apr 12, 2002
$245,000
Megan Kephart
Deleon,gregory L & Robin V
Grant Deed
$241,214 · Irwin Mortgage Corp
Sep 30, 1998
$111,764
Chase Manhattan Mortgage Corp
De Leon,gregory L & Robin V
Trustees Deed
related
—
Mar 1, 1994
$110,000
Gregory L De Leon
Guildford,edwin
Grant Deed
$108,974 · American Residential Mortgage
—
—
Kevin Kephart
—
Deed Of Trust
related
$42,000 · Wells Fargo Bank
—
—
Gregory L De Leon
—
Deed Of Trust
related
$14,871 · Household Finance Corp Ca
—
—
Gregory L De Leon
—
Deed Of Trust
related
$10,150 · Household Finance Corp
—
—
Gregory L De Leon
—
Deed Of Trust
related
$15,500 · Household Finance Corp Ca
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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