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Property profile & analytics
FOR LEASE
Office buildings
300 James Way Pismo Beach, CA 93449
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US09-3744388
For Lease
1 / 2
$3,140,000
300 James Way, Pismo Beach, CA 93449
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2003
Construction
WOOD
Total area
10,078 SF
Lot
6.88 ac (299,692 SF)
Zoning code
CG
APN
005-386-057
UPID
US09-3744388
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
$3.08M
Comparable Approach
Comparable
$3.61M
Blend (final)
Blend
$3.14M
Owner & transaction history
Al Mare HOA Villas · 24 yrs held
Al Mare HOA Villas
since 2002
7 recorded transactions
Zoning & alternative use
CG · Pismo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CG zoning district is applied to areas appropriate for pedestrian scale retail shopping, office, and personal service use
Zone name
General Commercial
General category
COMMERCIAL
Zone area
81.09 ac
Source
Realmo
Top alternative use upside
Restaurant
$5.1M
+30.7%
Commercial (general)
$5.0M
+29.5%
Auto repair, garage
$4.6M
+18.8%
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 Pismo Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pismo Beach 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%
$3,335,000
6.5%
$3,080,000
7%
$2,860,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,875,000
Current use
RESTAURANT
$5,065,000
Change: +31% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,020,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,605,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$4,140,000
Change: +7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,985,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,735,000
Change: -4% · Conversion: Easy
RETAIL STORES
$3,715,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$3.14M
Range $2.83M – $3.45M · ±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
$312 / 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
$146,073
Tax year 2024
Assessed value
$12,808,885
Assessed 2024
Previous assessed
$12,808,885
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$3,748,412
Assessed improvement
$9,060,473
Applied tax rate
4.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
2003
Construction
WOOD
Heating
NONE
Buildings
3
Total area
10,078 SF
Lot
6.88 ac (299,692 SF)
Zoning code
CG
APN
005-386-057
UPID
US09-3744388
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CG · Pismo Beach, CAZoning CG · permitted uses
CG · Pismo Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CG zoning district is applied to areas appropriate for pedestrian scale retail shopping, office, and personal service use
Zone name
General Commercial
General category
COMMERCIAL
Zone area
81.09 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.9M
RESTAURANT
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.1M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
RETAIL STORES
Est. value
$3.7M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2003
Construction
WOOD
Heating
NONE
Buildings
3
Lot
6.88 ac
Current owner
From public records · entity-resolved
Al Mare HOA Villas
Individual
Mailing address
PO BOX 13, PISMO BEACH, CA 93448-0013
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2019
—
Pisma Development Group LLC
—
Deed
related
$2,000,000 · Pacific Premier Bank
Feb 23, 2017
—
Pismo Development Group LLC
—
Deed
related
$7,600,000 · Heritage Oaks Bank
Dec 17, 2002
—
Pismo Development Group LLC
—
Trustees Deed
related
$2,175,776 · Mid-state Bank & Trust Co
Jun 12, 2002
—
Al Mare HOA Villas
Coastal Community Builders INC
Grant Deed
related
—
May 10, 2000
$1,100,000
Pismo Development Group LLC
Pvp Investment Group
Grant Deed
$650,000 · Mid State Bank
—
—
Pismo Dev Group LLC
—
Deed Of Trust
related
$6,800,000 · Union Bank Of California
—
—
Pismo Development Group LLC
—
Deed Of Trust
related
$50,000 · Mid-state Bank & Trust Co
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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