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Property profile & analytics
OFF-MARKET
Estimated value
$2,615,000
Apartment buildings
2808 Ramada Dr Templeton, CA 93465
Entity Owned
7-yr Hold
Absentee Owner
Property ID
US09-1391756
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1967
Construction
CONCRETE
Total area
8,528 SF
Lot
5.41 ac (235,659 SF)
Zoning code
RMF
APN
040-143-024
UPID
US09-1391756
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
$2.54M
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$2.62M
Owner & transaction history
Villa Paseo Palms LP · 7 yrs held
Villa Paseo Palms LP
since 2018
2 recorded transactions
Zoning & alternative use
RMF · Templeton, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+35.7%
Office building
$4.1M
+28.6%
Auto repair, garage
$3.9M
+23.3%
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 Templeton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Templeton 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%
$2,745,000
6.5%
$2,535,000
7%
$2,350,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,160,000
Current use
RESTAURANT
$4,290,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$4,065,000
Change: +29% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,895,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,875,000
Change: +23% · Conversion: Moderate
MEDICAL BUILDING
$3,505,000
Change: +11% · Conversion: Moderate
RETAIL STORES
$2,765,000
Change: -13% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,745,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.62M
Range $2.35M – $2.88M · ±10%
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
$307 / 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
$197
Tax year 2024
Assessed value
$11,036,456
Assessed 2024
Previous assessed
$11,036,456
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,531,102
Assessed improvement
$9,505,354
Applied tax rate
126.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1967
Construction
CONCRETE
Heating
NONE
Buildings
6
Stories
1
Total area
8,528 SF
Lot
5.41 ac (235,659 SF)
Zoning code
RMF
APN
040-143-024
UPID
US09-1391756
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
RMF · Templeton, CA
Zoning RMF · permitted uses
RMF · Templeton, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Templeton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.2M
RESTAURANT
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.5M
RETAIL STORES
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1967
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
6
Lot
5.41 ac
Current owner
From public records · entity-resolved
Villa Paseo Palms LP
Entity
Mailing address
414 E CHAPMAN AVE, ORANGE, CA 92866-1510
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2021
—
Villa Paseo Palms LP
—
Deed
related
$9,123,250 · Century Affordable Dvelopment INC
Sep 7, 2018
$10,100,000
Villa Paseo Palms LP
Villa Paseo Senior Residences
Grant Deed
$6,625,000 · Century Hsng
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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