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    Property profile & analytics

    3075 Broad St San Luis Obispo, CA 93401-6703

    • Investment properties
    • 3,191 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    $1,030,000
    Show details
    Cap Rate Potential
    9.4%
    Investment properties
    Location Intelligence
    Property ID
    US09-5189153
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Alano Club of SLO County / Community Center
    • Central Coast Area Narcotics Anonymous / Medical Clinic

    Property Details for 3075 Broad St

    Year built
    2013
    Construction
    WOOD
    Lot size
    0.24 lot acres
    Property size
    3,191 SF
    Zone code
    CS
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    004-583-054
    APU
    4583054

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $993,000
      Market price range: $374k - $1.15M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,680,000
      Current use
      AUTO REPAIR, GARAGE
      $1,460,000
      Change: -13% Conversion: Difficult
      OFFICE BUILDING
      $1,450,000
      Change: -14% Conversion: Easy
      MEDICAL BUILDING
      $1,360,000
      Change: -19% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.651
    Latitude
    35.2615
    CBSA code
    42020
    CBSA name
    SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $217,975
    $736,854
    $954,829
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.51 Acres

      2074 Parker St Ste, Unit 100

      OFFICE/RESIDENTIAL (MIXED USE) • 0.51 Acres
      2074 Parker St Ste, San Luis Obispo, CA 93401-5046
      View Details
    • Value Estimation by Request
      594 SF

      2102 Broad St

      OFFICE/RESIDENTIAL (MIXED USE) • 594 SF
      2102 Broad St, San Luis Obispo, CA 93401-5205
      View Details
    • Value Estimation by Request
      1,218 SF

      452 Higuera St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,218 SF
      452 Higuera St, San Luis Obispo, CA 93401-3833
      View Details
    • Value Estimation by Request
      1,020 SF

      458 Higuera St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,020 SF
      458 Higuera St, San Luis Obispo, CA 93401-3833
      View Details
    • Value Estimation
      $2,170,000
      6,174 SF

      245 Higuera St, Unit 100

      OFFICE/RESIDENTIAL (MIXED USE) • 6,174 SF
      245 Higuera St, San Luis Obispo, CA 93401-5014
      View Details
    • Value Estimation by Request

      951 Monterey St

      OFFICE/RESIDENTIAL (MIXED USE)
      951 Monterey St, San Luis Obispo, CA 93401-3204
      View Details

    Similar Nearby for Sale

    • $1,030,000
      1,294 SF

      Downtown SLO Office Building

      Craftsman Office, 100% Occupied
      1410 Marsh St, San Luis Obispo, CA 93401
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    • $7,995,000

      Prado Road Business Park: SLO

      Prime San Luis Obispo Commercial Land
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    • $619,000
      17,860.00 Acres

      Prime Lot in San Luis Obispo

      Spacious lot in desirable neighborhood with views and privacy.
      2171 San Luis Dr, San Luis Obispo, CA 93401
      View Details
    • $1,030,000

      Craftsman Style Office For Sale

      Craftsman style office with four offices and open work area.
      1410 Marsh St, San Luis Obispo, CA 93401
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    • $1,300,000
      Pending

      San Luis Obispo Historic Corner

      Rare opportunity to own a piece of local history.
      2143 Broad St, San Luis Obispo, CA 93401
      View Details

    Similar Nearby for Lease

    • $1.05 SF/Yr

      Downtown San Luis Obispo Office Space

      First floor office suite suitable for medical or professional use.
      990 Pacific St, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      25,244 SF

      Downtown San Luis Obispo Retail Space

      Retail space available in downtown San Luis Obispo.
      845 Higuera St, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      Downtown San Luis Obispo Office Space

      Renovated office space in the heart of Downtown San Luis Obispo.
      1026 Chorro St, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      994 Mill St, San Luis Obispo, CA 93401

      Office Units
      994 Mill St, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      Downtown San Luis Obispo Office Space

      Private second-floor offices in a landmark downtown San Luis Obispo building.
      846 Higuera 5, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      Adaptable Office/Warehouse Space Available

      Flexible office space convertible to warehouse near San Luis Obispo Airport.
      709 Fiero Ln, San Luis Obispo, CA 93401
      View Details
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    3075 Broad St
    San Luis Obispo, CA 93401-6703
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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