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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Warehouses
3090 Mcmillan Ave San Luis Obispo, CA 93401-6730
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1360736
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
TYPE NOT SPECIFIED
Total area
4,000 SF
Lot
0.8 ac (34,848 SF)
Zoning code
M
APN
053-202-017
UPID
US09-1360736
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
$590k
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$520k
Owner & transaction history
Bagnall,gary & Nancy Trust · 6 yrs held
Bagnall,gary & Nancy Trust
since 2020
Last sale
$390,000
5 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
$530,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$765,000
Current use
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $390k (Mar 6 2020)
Last sale anchor
$390k
Mar 6 2020
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
$130 / 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
$9,817
Tax year 2024
Assessed value
$888,312
Assessed 2024
Previous assessed
$888,312
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$618,900
Assessed improvement
$269,412
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
TYPE NOT SPECIFIED
Heating
NONE
Total area
4,000 SF
Lot
0.8 ac (34,848 SF)
Zoning code
M
APN
053-202-017
UPID
US09-1360736
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$765,000
WAREHOUSE, STORAGE Current
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
1998
Construction
TYPE NOT SPECIFIED
Heating
NONE
Lot
0.8 ac
Current owner
From public records · entity-resolved
Bagnall,gary & Nancy Trust
Trust
Free & Clear · 6 yrs held
Mailing address
3650 SACRAMENTO DR, SAN LUIS OBISPO, CA 93401-7113
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Mar 6, 2020
—
Bagnall,gary & Nancy Trust
Bagnall Gary W Family Trust
Quit Claim Deed
related
—
Aug 19, 2004
—
Bullock Family Trust
Bullock,robert L
Quit Claim Deed
related
—
Jun 11, 1998
—
Bagnall Trust
Bagnall,nancy L
Quit Claim Deed
related
$50,000 · Wells Fargo Bank
May 20, 1994
—
Bagnall Trust
Bagnall,gary
Quit Claim Deed
related
—
Mar 19, 1991
$390,000
Gary Bagnall
Volk,roger S
Grant Deed
—
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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