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Property profile & analytics
OFF-MARKET
Estimated value
$1,810,000
Retail space
522 Lindon Ln Nipomo, CA 93444-9222
Trust Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2111185
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
STEEL FRAME
Total area
13,380 SF
Lot
1.12 ac (48,787 SF)
Zoning code
CS
APN
091-326-054
UPID
US09-2111185
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
-
Statewide Safety Systems Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
Nicholas,don L Living Trust · 13 yrs held
Nicholas,don L Living Trust
since 2013
7 recorded transactions
Zoning & alternative use
CS · Nipomo, 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 Nipomo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nipomo 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
$135 / 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
$8,890
Tax year 2024
Assessed value
$847,338
Assessed 2024
Previous assessed
$847,338
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$336,967
Assessed improvement
$510,371
Applied tax rate
52.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1987
Construction
STEEL FRAME
Heating
NONE
Total area
13,380 SF
Lot
1.12 ac (48,787 SF)
Zoning code
CS
APN
091-326-054
UPID
US09-2111185
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CS · Nipomo, CA
Zoning CS · permitted uses
CS · Nipomo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nipomo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
NONE
Lot
1.12 ac
Current owner
From public records · entity-resolved
Nicholas,don L Living Trust
Trust
Mailing address
1004 WOODBURY RD UNIT #301, LAFAYETTE, CA 94549-4171
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2020
—
Joan A Ferrari
—
Deed
related
$1,200,000 · Citizens Business Bank
Jun 20, 2013
—
Nicholas,don L Living Trust
Nicholas,don
Quit Claim Deed
related
—
Jan 24, 2013
—
Don L Nicholas
Don Nicholas
Intrafamily Transfer
related
$770,000 · Wells Fargo Bank NA
Feb 5, 2008
—
Ferrari Joan A Trust
Corsby,joan
Quit Claim Deed
related
—
Jul 1, 1998
$8,000
Don L Nicholas
Corsby,clyde R
Quit Claim Deed
related
—
Nov 2, 1995
$21,000
Joan Corsby
Corsby,mark
Quit Claim Deed
related
—
Mar 31, 1992
$485,000
Jack M Bell
Bell,jack M
Grant Deed
related
$250,000 · Mid State Bank
—
—
Joan Corsby
—
Deed Of Trust
related
$638,400 · Los Padres Bank
—
—
Joan Corsby
—
Deed Of Trust
related
$630,000 · Mission Community Bank NA
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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