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Property profile & analytics
OFF-MARKET
Estimated value
$3,655,000
Industrial properties
2921 Tuley Rd Paso Robles, CA 93446
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-2238563
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1987
Total area
20,000 SF
Lot
1.12 ac (48,787 SF)
Zoning code
C3
APN
025-403-046
UPID
US09-2238563
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
$3.51M
Comparable Approach
Comparable
$4.62M
Blend (final)
Blend
$3.66M
Owner & transaction history
Paso Passivo LP · 8 yrs held
Paso Passivo LP
since 2017
5 recorded transactions
Zoning & alternative use
C3 · Paso Robles, 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 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%
$3,800,000
6.5%
$3,510,000
7%
$3,255,000
Blend value · Realmo final
$3.66M
Range $3.29M – $4.02M · ±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
$183 / 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
$28,524
Tax year 2024
Assessed value
$2,565,690
Assessed 2024
Previous assessed
$2,565,690
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,115,517
Assessed improvement
$1,450,173
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1987
Heating
NONE
Total area
20,000 SF
Lot
1.12 ac (48,787 SF)
Zoning code
C3
APN
025-403-046
UPID
US09-2238563
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
C3 · Paso Robles, CA
Zoning C3 · permitted uses
C3 · Paso Robles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paso Robles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Lot
1.12 ac
Current owner
From public records · entity-resolved
Paso Passivo LP
Entity
Mailing address
PO BOX 1228, PASO ROBLES, CA 93447-1228
Ownership since
2017
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
Sep 12, 2017
—
Doyle L Timmons
—
Deed
related
$1,387,000 · Wells Fargo Bk
Aug 31, 2017
—
Paso Passivo LP
Mattingly,mark & Alixe
Quit Claim Deed
—
Aug 31, 2017
$2,300,000
Doyle L Timmons
Paso Passivo LP
Grant Deed
$1,387,000 · Wells Fargo Bank NA
Jan 5, 2016
$6,250,000
Paso Passivo LP
Owens Realty Mtg INC
Grant Deed
$4,000,000 · Miscellaneous Ins Co
—
—
Doyle L Timmons
—
Deed Of Trust
related
$1,387,000 · Wells Fargo Bk
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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