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Property profile & analytics
OFF-MARKET
Estimated value
$3,320,000
Retail space
500 Cypress St, Pismo Beach, CA 93449-2624
Individually Owned
23-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2066781
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
WOOD
Total area
18,130 SF
Lot
1.25 ac (54,450 SF)
Zoning code
C1
APN
005-134-027
UPID
US09-2066781
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
-
Barbara Marsden Alternative Medicine Practice Acupuncture
-
Yasna Rosso, Berkshire Hathaway California Properties Real Estate Agency
-
Dr. Edward Riffel Alternative Medicine Practice
-
Gregory Baker - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Scott Heron - Private Wealth Advisor, Ameriprise Financial Services, LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.53M
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$3.32M
Owner & transaction history
William C Everett · 23 yrs held
William C Everett
since 2002
7 recorded transactions
Zoning & alternative use
C1 · Pismo 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 Pismo Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pismo 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,910,000
6.5%
$4,530,000
7%
$4,210,000
Blend value · Realmo final
$3.32M
Range $2.99M – $3.65M · ±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
$48,747
Tax year 2024
Assessed value
$4,431,906
Assessed 2024
Previous assessed
$4,431,906
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,363,684
Assessed improvement
$2,068,222
Applied tax rate
4.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Buildings
2
Total area
18,130 SF
Lot
1.25 ac (54,450 SF)
Zoning code
C1
APN
005-134-027
UPID
US09-2066781
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
C1 · Pismo Beach, CA
Zoning C1 · permitted uses
C1 · Pismo Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pismo Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
NONE
Buildings
2
Lot
1.25 ac
Current owner
From public records · entity-resolved
William C Everett
Individual
Free & Clear · 23 yrs held
Mailing address
2701 MCMILLAN AVE STE #110, SAN LUIS OBISPO, CA 93401-4740
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
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
Sep 21, 2017
—
William S Everett Family Ptshp
—
Deed
related
$1,290,000 · Miscellaneous Ins Co
Aug 16, 2002
—
William C Everett
Everett,tr
Quit Claim Deed
related
—
Nov 8, 2001
—
Everett Trust
Everett,william S
Quit Claim Deed
related
—
Sep 12, 2001
—
William S Everett
—
Deed Of Trust
related
$2,000,000 · Mid State Bank
Jul 25, 2000
$3,000,000
William S Everett
Rem Trust
Grant Deed
$2,000,000 · Seller
Jan 21, 2000
—
Mcdonald Trust
Robert E Mcdonald Trustee
Quit Claim Deed
related
—
—
—
William S Everett Family Ptshp
—
Deed Of Trust
related
$2,010,000 · American Fidelity Assurance Co
—
—
William S Everett Family Ptshp
—
Deed Of Trust
related
$1,290,000 · Miscellaneous Ins Co
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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