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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Grocery and convenience stores
496 Broad St San Luis Obispo, CA 93405-2308
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-2415473
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1947
Construction
WOOD
Total area
3,385 SF
Lot
0.24 ac (10,300 SF)
Zoning code
CN
APN
001-185-016
UPID
US09-2415473
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
-
Lincoln Market & Deli Food Market Restaurant
-
ATM Atm
-
Tiny Café Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
$845k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$620k
Owner & transaction history
496 Broad LLC · 9 yrs held
496 Broad LLC
since 2017
7 recorded transactions
Zoning & alternative use
CN · San Luis Obispo, 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 San Luis Obispo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Luis Obispo 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
$430,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$183 / 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
$9,156
Tax year 2024
Assessed value
$828,490
Assessed 2024
Previous assessed
$828,490
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$477,886
Assessed improvement
$350,604
Applied tax rate
3.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1947
Construction
WOOD
Heating
NONE
Total area
3,385 SF
Lot
0.24 ac (10,300 SF)
Zoning code
CN
APN
001-185-016
UPID
US09-2415473
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CN · San Luis Obispo, CA
Zoning CN · permitted uses
CN · San Luis Obispo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Luis Obispo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Construction
WOOD
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
496 Broad LLC
Entity
Mailing address
496 BROAD ST, SAN LUIS OBISPO, CA 93405-2308
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Jan 26, 2017
—
496 Broad LLC
Hicks,michael T & Rebecca S
Grant Deed
$1,000,000 · Tmc Properties Trust (ct)
Jan 13, 2017
$710,000
Michael T Hicks
Turri Family Trust
Grant Deed
—
Feb 16, 2010
—
Turri Family Trust
Turri Family Trust
Quit Claim Deed
related
—
Nov 28, 2006
—
William R Turri JR.
Turri Family Trust
Quit Claim Deed
related
—
Nov 6, 2002
—
Turri,tr
Turri,tr
Quit Claim Deed
related
—
—
—
Turri Family Trust
—
Deed Of Trust
related
$206,500 · Tri Counties Bank
—
—
Turri Family Trust
—
Deed Of Trust
related
$240,000 · Tri Counties Bank
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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