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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Warehouses
5147 Traffic Way Atascadero, CA 93422-4385
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5516932
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Total area
2,500 SF
Lot
0.94 ac (41,005 SF)
Zoning code
I
APN
028-191-024
UPID
US09-5516932
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
-
Gene Barre Construction Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
$435k
Comparable Approach
Comparable
$710k
Blend (final)
Blend
$620k
Owner & transaction history
Fermin Garate · 2 yrs held
Fermin Garate
since 2023
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
I · Atascadero, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+114.9%
Commercial (general)
$880,000
+84.0%
Retail stores
$865,000
+80.7%
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
$670,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
$475,000
6.5%
$435,000
7%
$405,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$480,000
Current use
MEDICAL BUILDING
$1,025,000
Change: +115% · Conversion: Difficult
COMMERCIAL (GENERAL)
$880,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$865,000
Change: +81% · Conversion: Moderate
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $600k (Aug 30 2023)
Last sale anchor
$600k
Aug 30 2023
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
$248 / 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
$7,291
Tax year 2024
Assessed value
$656,182
Assessed 2024
Previous assessed
$656,182
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$284,346
Assessed improvement
$371,836
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Heating
NONE
Total area
2,500 SF
Lot
0.94 ac (41,005 SF)
Zoning code
I
APN
028-191-024
UPID
US09-5516932
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
I · Atascadero, CA
Zoning I · permitted uses
I · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$480,000
MEDICAL BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$880,000
RETAIL STORES
Est. value
$865,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Lot
0.94 ac
Current owner
From public records · entity-resolved
Fermin Garate
Individual
Mailing address
13480 EL CAMINO REAL, ATASCADERO, CA 93422-6332
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2023
—
Fermin Garate
Fermin Garate
Intrafamily Transfer
related
—
Jul 25, 2018
$600,000
Fermin Garate
Barre Eugene H JR 2007 Trust
Grant Deed
—
Sep 28, 2017
—
Barre,eugene H JR 2007 Trust
—
Deed
related
—
Nov 20, 2015
—
Barre,eugene H JR 2007 Trust
Eugene H Barre JR.
Quit Claim Deed
related
—
Jan 18, 2008
—
Barre,eugene H JR
Diana Barre
Quit Claim Deed
related
—
—
—
Eugene H Barre JR.
—
Loan Modification
related
—
—
—
Barre,eugene H JR
—
Loan Modification
related
—
—
—
Barre,eugene H JR 2007 Trust
—
Loan Modification
related
—
—
—
Barre,eugene H JR 2007 Trust
—
Loan Modification
related
—
—
—
Barre,eugene H JR
—
Deed Of Trust
related
$400,000 · Santa Lucia Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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