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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Industrial properties
2945 Mcmillan Ave Ste 248 San Luis Obispo, CA 93401-6771
Trust Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-1434416
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1990
Construction
WOOD
Total area
17,136 SF
Lot
1.1 ac (47,916 SF)
Zoning code
M
APN
053-201-018
UPID
US09-1434416
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
$960k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$950k
Owner & transaction history
Scott Bernard Foster Living Trust
Scott Bernard Foster Living Trust
since 2026
Last sale
$925,000
7 recorded transactions
Zoning & alternative use
M · 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
$990,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $925k (Jan 23 2025)
Last sale anchor
$925k
Jan 23 2025
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
$55 / 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
$24,424
Tax year 2024
Assessed value
$2,209,972
Assessed 2024
Previous assessed
$2,209,972
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$405,817
Assessed improvement
$1,804,155
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
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Buildings
2
Total area
17,136 SF
Lot
1.1 ac (47,916 SF)
Zoning code
M
APN
053-201-018
UPID
US09-1434416
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
M · San Luis Obispo, CA
Zoning M · permitted uses
M · 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
1990
Construction
WOOD
Heating
NONE
Buildings
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Scott Bernard Foster Living Trust
Trust
Mailing address
1315 SANTA YSABEL AVE PASO ROBLES
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Apr 13, 2026
—
Scott Bernard Foster Living Trust
Bernard Foster
Quitclaim Deed
related
—
Feb 5, 2025
—
Scott Bernard Foster
Scott Bernard Foster
Deed
related
—
Jan 23, 2025
—
S I T Foster LLC
Ian E Foster
Deed
related
—
Nov 4, 2024
—
Ian E Foster
Ian E Foster
Deed
related
—
Sep 26, 2024
—
Scott Bernard Foster
Scott Bernard Foster
Intrafamily Transfer
related
—
Dec 17, 2021
—
Jack Sloan Foster
Jack S Foster
Correction Deed
related
—
Mar 16, 2017
—
Jack Sloan Foster
—
Deed
related
$1,045,000 · Heritage Oaks Bank
Dec 30, 1994
—
Foster Trust
Foster Trust
Quit Claim Deed
related
$1,000,000 · Commerce Bank San Luis Obispo
Dec 1, 1989
$925,000
Glen R Lewis
Brown,roger M
Trustees Deed
—
Dec 1, 1989
—
Jack S
Lewis,glen R
Trustees Deed
related
—
—
—
Foster Trust
—
Deed Of Trust
related
$875,500 · Commerce Bank San Luis Obispo
—
—
Foster Trust
—
Deed Of Trust
related
$1,800,000 · Quaker City Federal S & L
—
—
Jack S Fostr
—
Deed Of Trust
related
$600,000 · Commerce 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.
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