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Property profile & analytics
FOR LEASE
Industrial properties
285 South St San Luis Obispo, CA 93401
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US09-1165204
For Lease
1 / 2
$3,125,000
285 South St, San Luis Obispo, CA 93401
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1985
Construction
WOOD
Total area
19,744 SF
Lot
1.16 ac (50,529 SF)
Zoning code
CS
APN
004-811-026
UPID
US09-1165204
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
-
Gold Coast Education Inc Vocational School Training Center
-
Senior Peer Counseling Community Center
-
LSA Associates Inc Environmental Consultant
-
Creative Mediation Services Social Service Agency Charitable Organization
-
San Luis Obispo Beauty College Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.47M
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$3.13M
Owner & transaction history
Westwinds Business Park LLC · 21 yrs held
Westwinds Business Park LLC
since 2004
5 recorded transactions
Zoning & alternative use
CS · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,750,000
6.5%
$3,465,000
7%
$3,215,000
Blend value · Realmo final
$3.13M
Range $2.81M – $3.44M · ±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
$158 / 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
$27,956
Tax year 2024
Assessed value
$2,529,652
Assessed 2024
Previous assessed
$2,529,652
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$551,911
Assessed improvement
$1,977,741
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
For Lease
Year built
1985
Construction
WOOD
Heating
NONE
Total area
19,744 SF
Lot
1.16 ac (50,529 SF)
Zoning code
CS
APN
004-811-026
UPID
US09-1165204
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CS · San Luis Obispo, CA
Zoning CS · permitted uses
CS · 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
1985
Construction
WOOD
Heating
NONE
Lot
1.16 ac
Current owner
From public records · entity-resolved
Westwinds Business Park LLC
Entity
Mailing address
PO BOX 1796, SAN LUIS OBISPO, CA 93406-1796
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2024
—
Westwinds Business Park LLC
—
Deed
related
$5,000,000 · Community Bank Of Santa Maria
Aug 5, 2004
—
Westwinds Business Park LLC
French Brothers Investments Ll
Grant Deed
related
—
—
—
Brothers French
—
Deed Of Trust
related
$91,185 · Individual
—
—
Westwinds Business Park LLC
—
Deed Of Trust
related
$5,000,000 · Symetra Life Insurance Co
—
—
French Brothers Investments
—
Deed Of Trust
related
$200,000 · First Bank San Luis Obispo
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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