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Property profile & analytics
OFF-MARKET
Estimated value
$16,935,000
Apartment buildings
3200 Spg St Paso Robles, CA 93446-1066
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2359902
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
58,884 SF
Lot
2.34 ac (101,930 SF)
Zoning code
T4N
APN
008-042-016
UPID
US09-2359902
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
$17.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.94M
Owner & transaction history
Flt Presidio Gardens LLC · 4 yrs held
Flt Presidio Gardens LLC
since 2021
Last sale
$16.0M
7 recorded transactions
Zoning & alternative use
T4N · Paso Robles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$26.9M
+23.3%
Commercial (general)
$24.8M
+13.6%
Medical building
$24.2M
+10.9%
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 Paso Robles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paso Robles 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
$18,320,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,945,000
6.5%
$17,490,000
7%
$16,240,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$21,820,000
Current use
AUTO REPAIR, GARAGE
$26,910,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$24,780,000
Change: +14% · Conversion: Moderate
MEDICAL BUILDING
$24,190,000
Change: +11% · Conversion: Moderate
RETAIL STORES
$19,090,000
Change: -13% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$18,945,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$18,235,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$16.94M
Range $15.24M – $18.63M · ±10% · vs last sale $15.96M (Oct 29 2021)
Last sale anchor
$15.96M
Oct 29 2021
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
$288 / 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
$184,650
Tax year 2024
Assessed value
$16,608,945
Assessed 2024
Previous assessed
$16,608,945
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$4,265,640
Assessed improvement
$12,343,305
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Total area
58,884 SF
Lot
2.34 ac (101,930 SF)
Zoning code
T4N
APN
008-042-016
UPID
US09-2359902
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
T4N · Paso Robles, CA
Zoning T4N · permitted uses
T4N · Paso Robles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paso Robles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$21.8M
AUTO REPAIR, GARAGE
Est. value
$26.9M
COMMERCIAL (GENERAL)
Est. value
$24.8M
MEDICAL BUILDING
Est. value
$24.2M
RETAIL STORES
Est. value
$19.1M
INDUSTRIAL (GENERAL)
Est. value
$18.9M
OFFICE BUILDING
Est. value
$18.2M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1985
Construction
WOOD
Heating
NONE
Lot
2.34 ac
Current owner
From public records · entity-resolved
Flt Presidio Gardens LLC
Entity
Mailing address
6191 N STATE HWY 161ST DR STE #100, IRVING, TX 75038-2290
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2022
—
Flt Presidio Gardens LLC
—
Deed
related
$14,136,000 · City National Bank
Oct 29, 2021
$15,964,000
Flt Presidio Gardens LLC
Bruce A Roden
Grant Deed
$12,300,000 · Newport Loan Servicing LLC
Aug 20, 2015
—
Roden,bruce A & S M Living Trust
Roden,bruce A & Susan M
Quit Claim Deed
related
—
May 30, 2013
—
Bruce A Roden
Roden,bruce A
Quit Claim Deed
related
—
May 30, 2013
$2,000,000
Bruce A Roden
Roden,douglas
Grant Deed
related
$4,000,000 · Union Bank
Dec 24, 2007
—
Raymond S R Family 2007 Trust
Raymond S R 1996 Trust
Quit Claim Deed
related
—
Oct 19, 2006
—
Shirlene Rose Raymond
Shirlene Rose Raymond
Intrafamily Transfer
related
$1,300,000 · Citibank NA
Jul 22, 1996
—
Raymond Trust
Rayond,shirlene R
Quit Claim Deed
related
—
Sep 30, 1994
—
Shirlene R Raymond
Raymond,donald E
Quit Claim Deed
related
—
Sep 23, 1994
—
Donald E Raymond
Raymond,lydia A
Quit Claim Deed
related
$1,125,000 · San Francisco Federal S & L
Feb 9, 1994
$2,156,000
State Street Bank Trustee
Spring Investmen
Trustees Deed
related
—
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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