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Property profile & analytics
OFF-MARKET
Estimated value
$2,385,000
Apartment buildings
3425 Spg St Paso Robles, CA 93446-1040
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0865998
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Construction
WOOD
Total area
9,006 SF
Lot
0.3 ac (12,900 SF)
Zoning code
R4
APN
008-031-015
UPID
US09-0865998
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
$2.42M
CAP Approach
CAP
$2.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.39M
Owner & transaction history
Richard D Brigham III · 5 yrs held
Richard D Brigham III
since 2021
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
R4 · Paso Robles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.8M
+13.6%
Medical building
$3.7M
+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
$2,495,000
ML approach
$2,415,000
CAP Approach
CAP Return
Estimation
6%
$2,900,000
6.5%
$2,675,000
7%
$2,485,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,340,000
Current use
COMMERCIAL (GENERAL)
$3,790,000
Change: +14% · Conversion: Moderate
MEDICAL BUILDING
$3,700,000
Change: +11% · Conversion: Moderate
RETAIL STORES
$2,920,000
Change: -13% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,900,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$2,790,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$2.39M
Range $2.15M – $2.62M · ±10% · vs last sale $2.18M (Jun 15 2021)
Last sale anchor
$2.18M
Jun 15 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
$265 / 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
$25,661
Tax year 2024
Assessed value
$2,308,127
Assessed 2024
Previous assessed
$2,308,127
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$408,565
Assessed improvement
$1,899,562
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
1978
Construction
WOOD
Heating
NONE
Bathrooms
10
Total area
9,006 SF
Lot
0.3 ac (12,900 SF)
Zoning code
R4
APN
008-031-015
UPID
US09-0865998
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
R4 · Paso Robles, CA
Zoning R4 · permitted uses
R4 · 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
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.7M
RETAIL STORES
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS) Current
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
1978
Construction
WOOD
Heating
NONE
Bathrooms
10
Lot
0.3 ac
Current owner
From public records · entity-resolved
Richard D Brigham III
Individual
Mailing address
2025 FIXLINI ST, SAN LUIS OBISPO, CA 93401-3032
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2021
$2,175,000
Richard D Brigham III
Madeline Moore
Grant Deed
$1,157,000 · Roberto Frank Jannetti Etal
Feb 3, 2017
—
Madeline Moore
Madeline P Moore
Intrafamily Transfer
related
$800,000 · Heritage Oaks Bank
Feb 1, 2013
$775,000
Madeline P Moore
Harold F Sims JR
Grant Deed
$550,000 · Wells Fargo Bank NA
Dec 23, 2005
—
Harold F Sims JR
Harold F Sims JR
Intrafamily Transfer
related
$685,400 · Velocity Commercial Capital LLC
Aug 21, 2002
$1,095,000
Sims,tr
Kartsioukas,george T & Kay N
Grant Deed
$795,000 · Santa Barbara Bank & Trust
Nov 9, 2000
$525,000
George T Kartsioukas
Bollay Trust
Grant Deed
$305,000 · Fremont Bank
Jun 28, 1999
—
Bollay Trust
Kladnik,melody B
Grant Deed
related
—
—
—
George T Kartsioukas
—
Deed Of Trust
related
$250,000 · Fremont Bank
—
—
George T Kartsioukas
—
Deed Of Trust
related
$80,000 · Marion Slatkin
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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