Individually Owned Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1946
Construction
WOOD
Total area
1,064 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R3
APN
060-144-028
UPID
US09-2067653
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$722k
Blend (final)
Blend
$605k
Owner & transaction history
since 2024
Last sale
$605,000
7 recorded transactions
Zoning & alternative use
R3 · Grover Beach, CA
Zoning description
development, specifically the R1, R2, CR2, R3, and CR3 zones. 8.170.020 Applicability An Urban Lot Subdivision application must meet all of the requirements in this Section to be eligible under Government Code Section 66…
General category
RESIDENTIAL
Top alternative use upside
Auto repair, garage
$485,000
+0.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$605k
Value range
$545k – $666k
±10% around blend
Estimated value / SF
$569 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
$545k
blend $605k
$666k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,064 SF
Lot area
0.11 ac
Year built
1946
APN
060-144-028
Zoning
R3
Assessed value
$617,100
Annual tax
$7,067
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$722k
Range $249k – $722k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$605k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 43 sales
$455
+25%
Submarket 68 sales
$498
+14%
County 308 sales
$454
+25%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $569/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+0%
vs current-use indication
Commercial (general) · current use
Medical Building
Office Building
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
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Overview
Implied cap rate
2.00%
Implied, in-place cap rate for this investment properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$42k *
Last sale · Jan 2024
$605k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.12M
Move the market yield to see immediate price impact.
Value / SF
$1,990
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
1.50%2.00%2.50%
$38k
$2.54M
$1.91M
$1.52M
$42k
$2.82M
$2.12M
$1.69M
$47k
$3.11M
$2.33M
$1.86M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$7,067
Tax year 2024
Assessed value
$617,100
Assessed 2024
Previous assessed
$617,100
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$459,000
Assessed improvement
$158,100
Applied tax rate
5.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1946
Construction
WOOD
Heating
NONE
Rooms
6
Bathrooms
1
Total area
1,064 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R3
APN
060-144-028
UPID
US09-2067653
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
R3 · Grover Beach, CAZoning R3 · permitted uses
R3 · Grover Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
development, specifically the R1, R2, CR2, R3, and CR3 zones. 8.170.020 Applicability An Urban Lot Subdivision application must meet all of the requirements in this Section to be eligible under Government Code Section 66…
General category
RESIDENTIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1946
Construction
WOOD
Heating
NONE
Rooms
6
Bathrooms
1
Lot
0.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R3
RESIDENTIAL
Jurisdiction
Grover Beach, CA
Recorded code
R3
Official district
R3
Official district profile
What the municipal code says about R3
Zoning description
development, specifically the R1, R2, CR2, R3, and CR3 zones. 8.170.020 Applicability An Urban Lot Subdivision application must meet all of the requirements in this Section to be eligible under Government Code Section 66…
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R3 in Grover Beach, CA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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