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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3388 Broad St, Unit B San Luis Obispo, CA 93401-6722

    • Investment properties
    • 1,114 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    3.3%
    Investment properties
    Location Intelligence
    Property ID
    US09-0912522
    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

    • Studio Chaparral / Facial Spa / Beauty Salon

    Property Details for 3388 Broad St

    Year built
    1918
    Construction
    WOOD
    Lot size
    0.49 lot acres
    Property size
    1,114 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    053-221-037
    APU
    53221037

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $402,000
      Market price range: $131k - $402k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $585,000
      Current use
      AUTO REPAIR, GARAGE
      $510,000
      Change: -13% Conversion: Difficult
      OFFICE BUILDING
      $505,000
      Change: -14% Conversion: Easy
      MEDICAL BUILDING
      $475,000
      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
    -120.647
    Latitude
    35.2587
    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
    2024
    $7,071
    $362,180
    $277,669
    $639,849
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $290,000
      1,339 SF

      1310 Marsh St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,339 SF
      1310 Marsh St, San Luis Obispo, CA 93401-3316
      View Details
    • Value Estimation
      $425,000
      1,008 SF

      590 Marsh St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,008 SF
      590 Marsh St, San Luis Obispo, CA 93401-3955
      View Details
    • Value Estimation
      $265,000
      890 SF

      1417 Marsh St

      OFFICE/RESIDENTIAL (MIXED USE) • 890 SF
      1417 Marsh St, San Luis Obispo, CA 93401-2921
      View Details
    • Value Estimation
      $815,000
      10,555 SF

      1120 Morro St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,555 SF
      1120 Morro St, San Luis Obispo, CA 93401-3604
      View Details
    • Value Estimation
      $610,000
      4,346 SF

      3110 Duncan Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,346 SF
      3110 Duncan Rd, San Luis Obispo, CA 93401-6772
      View Details
    • Value Estimation
      $305,000
      893 SF

      783 High St

      OFFICE/RESIDENTIAL (MIXED USE) • 893 SF
      783 High St, San Luis Obispo, CA 93401-5235
      View Details

    Similar Nearby for Sale

    • $1,950,000
      2,641 SF

      Mixed-Use Property Near Downtown

      Craftsman-style mixed-use property near downtown San Luis Obispo.
      1305 Marsh St, San Luis Obispo, CA 93401
      View Details
    • $1,821,150
      4,012 SF

      Modern Office Space Near Airport

      Professional office space near the airport, suitable for medical/office use.
      805 Aerovista Pl, San Luis Obispo, CA 93401
      View Details
    • $280,000

      Land For Sale

      Land available for sale.
      3395 Higuera St, San Luis Obispo, CA 93401
      View Details
    • $195,000

      San Luis Obispo Specialty Property

      Specialty property available for sale in San Luis Obispo.
      274 Higuera 8, San Luis Obispo, CA 93401
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    • $850,000
      1,418 SF

      Freestanding Office Building Near City Hall

      Freestanding office building with on-site parking and excellent exposure.
      870 Osos St, San Luis Obispo, CA 93401
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      2,078 SF

      Iconic Restaurant Building in SLO

      Two-story restaurant property in the heart of downtown San Luis Obispo.
      815 Palm St, San Luis Obispo, CA 93401
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr
      5,174 SF

      Downtown SLO Office Building

      Prime Office Space, Parking Included
      994 Mill St, San Luis Obispo, CA 93401
      View Details
    • $18 SF/Yr
      7,250 SF

      San Luis Obispo Industrial Gem

      7,250 SF Office/Warehouse, Prime Location
      189 Granada Dr, San Luis Obispo, CA 93401
      View Details
    • $35 SF/Yr
      4,516 SF

      Prime San Luis Obispo Office Space

      Modern, 4,516 SF Office Suite Near Downtown
      1327 Archer Ave, San Luis Obispo, CA 93401
      View Details
    • $2 SF/Yr
      10,708 SF

      San Luis Obispo Office Space

      Office spaces available on first and second floors for rent.
      4464 Broad St, San Luis Obispo, CA 93401
      View Details
    • $1.40 SF/Yr
      1,309 SF

      Industrial Space Available For Rent

      Industrial property with 1309 square feet available for rent.
      3536 S Higuera St, San Luis Obispo, CA 93401
      View Details
    • $0.93 SF/Yr
      7,197 SF

      Class A Office Space Available

      Ground floor office suite with upgraded finishes and private patios.
      895 Aerovista Pl, San Luis Obispo, CA 93401
      View Details
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    San Luis Obispo, CA 93401-6722
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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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