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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Commercial land
3855 El Camino Real, Atascadero, CA 93422
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-1120395
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1953
Construction
WOOD FRAME
Lot
0.45 ac (19,552 SF)
Zoning code
CR
APN
049-163-046
UPID
US09-1120395
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
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Rex Betty & Stuart Brent Hendrix · 1 yrs held
Rex Betty & Stuart Brent Hendrix
since 2025
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
CR · Atascadero, 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 Atascadero submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atascadero 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
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (May 2 2024)
Last sale anchor
$900k
May 2 2024
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
—
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
$2,458
Tax year 2024
Assessed value
$169,008
Assessed 2024
Previous assessed
$169,008
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$162,976
Assessed improvement
$6,032
Applied tax rate
7.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1953
Construction
WOOD FRAME
Heating
NONE
Lot
0.45 ac (19,552 SF)
Zoning code
CR
APN
049-163-046
UPID
US09-1120395
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CR · Atascadero, CA
Zoning CR · permitted uses
CR · Atascadero, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atascadero. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
WOOD FRAME
Heating
NONE
Lot
0.45 ac
Current owner
From public records · entity-resolved
Rex Betty & Stuart Brent Hendrix
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 6062, ATASCADERO, CA 93423-6062
Ownership since
2025
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
Jul 8, 2025
—
Rex Betty & Stuart Brent Hendrix
Rex Hendrix
Deed
related
—
May 2, 2024
—
Rex Hendrix
Rex Hendrix
Intrafamily Transfer
related
—
Apr 24, 2013
$900,000
Rex Hendrix
Mundee Trucking INC
Grant Deed
—
May 20, 2011
$2,200,000
Mundee Trucking INC
Atascadero Real Property LLC
Deed In Lieu Of Foreclosure
related
—
May 20, 2011
—
Mundee Trucking INC
Hsbc Bk USA Trust 2000-1
Grant Deed
related
—
Feb 11, 1999
—
Oren G Burkett
Shipley,taesu
Grant Deed
related
—
Feb 10, 1999
$110,000
Burkett,oren G
Booker Trust
Trustees Deed
$232,400 · Mid State Bank
Feb 10, 1999
$62,000
Burkett,oren G
Burkett-notes Trust
Trustees Deed
related
—
Aug 7, 1998
$95,000
Burkett-notes Trust
Mulkins,ruth M
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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