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Property profile & analytics
OFF-MARKET
Investment properties
308 12th St, San Miguel, CA 93451-9145
Individually Owned
1-yr Hold
Absentee Owner
Property ID
US09-1994998
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1949
Construction
WOOD
Total area
836 SF
Lot
0.07 ac (3,000 SF)
Zoning code
OP
APN
021-281-015
UPID
US09-1994998
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Salvador De Alba Mercado · 1 yrs held
Salvador De Alba Mercado
since 2025
Last sale
$315,000
7 recorded transactions
Zoning & alternative use
OP · San Miguel, 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 Miguel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Miguel 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,474
Tax year 2024
Assessed value
$327,726
Assessed 2024
Previous assessed
$327,726
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$182,070
Assessed improvement
$145,656
Applied tax rate
114.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
NONE
Rooms
5
Bathrooms
1
Total area
836 SF
Lot
0.07 ac (3,000 SF)
Zoning code
OP
APN
021-281-015
UPID
US09-1994998
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
OP · San Miguel, CA
Zoning OP · permitted uses
OP · San Miguel, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Miguel. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1949
Construction
WOOD
Heating
NONE
Rooms
5
Bathrooms
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Salvador De Alba Mercado
Individual
Mailing address
7461 UN RD, PASO ROBLES, CA 93446-9351
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2025
—
Salvador De Alba Mercado
Jonathan De Alba Mendoza
Deed
related
—
Aug 16, 2021
$315,000
Salvador De Alba Mendoza
Ken Dehart
Grant Deed
$252,000 · Home Point Financial Corporation
Jan 8, 2010
—
Ken Dehart
Bonnie Dehart
Intrafamily Transfer
related
$162,000 · Wells Fargo Bank NA
Jun 28, 2005
—
Bonnie Wright
Wright,bonnie
Quit Claim Deed
related
$165,000 · Countrywide Home Loans INC
Apr 16, 2003
$188,500
Bonnie J Wright
Witt,helen R
Grant Deed
$163,922 · Mortgage House INC
Mar 15, 1996
$57,000
Helen R Witt
Hunt,harvey C & Gwendolyn M
Grant Deed
$51,300 · Sunbelt National Mortgage Co
Jul 7, 1994
—
Harvey C Hunt
Hunt,gwendolyn M
Quit Claim Deed
related
$43,000 · American Residential Mortgage
Dec 10, 1991
$22,000
Janice L Cody
Kraft,robert P
Grant Deed
—
Nov 15, 1991
$22,000
Jannice L Cody
Cody,janice L
Grant Deed
related
—
Dec 6, 1989
—
Janice L Cody
Hunt,harvey C
Grant Deed
related
—
Nov 6, 1989
$44,000
Harvey C Hunt
Walkup,clyde F
Grant Deed
$42,000
—
—
Janice L Cody
—
Deed Of Trust
related
$10,000 · Individual
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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