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Property profile & analytics
OFF-MARKET
Estimated value
$6,185,000
Grocery and convenience stores
273 Madonna Rd San Luis Obispo, CA 93405-5430
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1891008
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2001
Construction
TILT-UP CONCRETE
Total area
50,245 SF
Lot
1.17 ac (50,965 SF)
Zoning code
CR
APN
053-011-028
UPID
US09-1891008
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
-
Parnes Glenn S OD Physician
-
Tillys (Bike/Boat/Book/etc) Store
-
Sears Department Store
-
UPS Access Point location Courier Service Postal Service
-
Ross Dress for Less Clothing Store Department 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
$6.19M
Owner & transaction history
Kla Slo LLC · 20 yrs held
Kla Slo LLC
since 2006
6 recorded transactions
Zoning & alternative use
CR · San Luis Obispo, 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 San Luis Obispo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Luis Obispo 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
$123 / 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
$69,387
Tax year 2024
Assessed value
$6,278,544
Assessed 2024
Previous assessed
$6,278,544
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,107,973
Assessed improvement
$5,170,571
Applied tax rate
3.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
50,245 SF
Lot
1.17 ac (50,965 SF)
Zoning code
CR
APN
053-011-028
UPID
US09-1891008
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CR · San Luis Obispo, CA
Zoning CR · permitted uses
CR · San Luis Obispo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Luis Obispo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
1.17 ac
Current owner
From public records · entity-resolved
Kla Slo LLC
Entity
Mailing address
1100 W ARTESIA BLVD, COMPTON, CA 90220-5108
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Oct 13, 2011
—
Madonna Plaza Srt LP
—
Deed Of Trust
related
$40,000,000 · Rbs Financial Products INC
Jun 27, 2011
—
Madonna Plaza Srt LP
—
Grant Deed
related
$36,000,000 · Huntington National Bank
Feb 14, 2011
—
Kla Slo LLC
—
Deed Of Trust
related
$45,000,000 · Dusselldorfer Hypothekenbank
Oct 10, 2008
—
Mervyns LLC
—
Deed Of Trust
related
$465,000,000 · Wachovia Capital Finance Corp
Mar 21, 2006
—
Kla Slo LLC
Mervyns LLC
Grant Deed
$45,000,000 · Column Financial INC
Jun 2, 2005
—
Pasquini Charles A JR Trust
Pasquini,charles JR
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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