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Property profile & analytics
OFF-MARKET
Industrial properties
431 Leoni Dr Grover Beach, CA 93433-3041
Trust Owned
Free & Clear
Property ID
US09-0989318
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1978
Construction
WOOD
Total area
5,036 SF
Lot
0.29 ac (12,632 SF)
Zoning code
C2
APN
060-541-019
UPID
US09-0989318
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mandm Trust
Mandm Trust
since 2025
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
C2 · Grover Beach, 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 Grover Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grover Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$5,280
Tax year 2024
Assessed value
$461,075
Assessed 2024
Previous assessed
$461,075
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$153,688
Assessed improvement
$307,387
Applied tax rate
5.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
NONE
Total area
5,036 SF
Lot
0.29 ac (12,632 SF)
Zoning code
C2
APN
060-541-019
UPID
US09-0989318
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
C2 · Grover Beach, CA
Zoning C2 · permitted uses
C2 · Grover Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grover Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
WOOD
Heating
NONE
Lot
0.29 ac
Current owner
From public records · entity-resolved
Mandm Trust
Trust
Free & Clear · 0 yrs held
Mailing address
431 LEONI DR STE #1, GROVER BEACH, CA 93433-3041
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2025
—
Mandm Trust
C&g Family Trust
Deed
related
—
Apr 18, 2025
—
Linda Barbara Camplese
Linda Barbara Camplese
Deed
related
—
Dec 2, 2005
—
C & G Family Trust
Goldiner,arthur H
Grant Deed
related
—
May 28, 1999
$300,000
Athur Goldiner
Frederick Trust
Grant Deed
$150,000 · Santa Barbara Bank & Trust
Sep 17, 1996
—
Frederick Trust
Frederick,paul R
Quit Claim Deed
related
—
Oct 3, 1989
$211,500
Paul R Frederick
Frederick,michae
Grant Deed
related
—
Jul 14, 1989
$245,000
Michae Frederick
Burnett,robert E
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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