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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Investment properties
36 Ocean Ave Cayucos, CA 93430-1604
Trust Owned
21-yr Hold
~
Est. High Equity
Property ID
US10-3026169
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1973
Construction
WOOD
Total area
2,473 SF
Lot
0.52 ac (22,500 SF)
Zoning code
CR
APN
064-114-008
UPID
US10-3026169
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
Current use
Occupant on record · Public records
-
Backstage Pass Wine Bar Bar & Pub
-
Remember When Too Home Decor Store (Bike/Boat/Book/etc) Store
-
Dale Kaiser Real Estate Real Estate Agency
-
Kenny Kitty-Enrolled Agent Tax Preparation
-
Jennifer's Unique Boutique (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$954k
Blend (final)
Blend
$850k
Owner & transaction history
Gould Family Trust · 21 yrs held
Gould Family Trust
since 2005
7 recorded transactions
Zoning & alternative use
CR · Cayucos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+4.9%
Auto repair, garage
$1.1M
+0.6%
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 Cayucos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cayucos 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,125,000
Current use
OFFICE BUILDING
$1,180,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,130,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$1,015,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±10%
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
$344 / 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
$20,061
Tax year 2024
Assessed value
$1,885,955
Assessed 2024
Previous assessed
$1,885,955
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,393,912
Assessed improvement
$492,043
Applied tax rate
63.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
NONE
Rooms
5
Bathrooms
2
Total area
2,473 SF
Lot
0.52 ac (22,500 SF)
Zoning code
CR
APN
064-114-008
UPID
US10-3026169
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CR · Cayucos, CA
Zoning CR · permitted uses
CR · Cayucos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cayucos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL 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
1973
Construction
WOOD
Heating
NONE
Rooms
5
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Gould Family Trust
Trust
Mailing address
PO BOX 1203, SANTA YNEZ, CA 93460-1203
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2005
—
Gould Family Trust
Gould,robert & Margaret
Quit Claim Deed
related
—
Dec 29, 2004
—
Robert Gould
Gould Family Trust
Quit Claim Deed
related
$250,000 · Montecito Bank & Trust
Dec 9, 2004
—
Gould Family Trust
Gould,robert & Margaret
Quit Claim Deed
related
—
Feb 11, 2004
$1,355,000
Robert Gould
Hogan,thomas R & Karen M
Grant Deed
—
Oct 29, 1998
$515,000
Thomas R Hogan
Pierce,james B & Jill R
Grant Deed
$277,910 · First Bank San Luis Obispo
Jun 14, 1994
$500
James B Pierce
Minetti Trust
Quit Claim Deed
related
—
Jun 14, 1994
$230,000
Pierce,james B & Jill R
Ocean Ave Hardwa
Trustees Deed
related
$129,123 · Ocean Ave Hardware &
—
—
Ave Hardwa Ocean
—
Deed Of Trust
related
$352,193 · 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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