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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Office buildings
545 Main St Morro Bay, CA 93442-2522
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2222398
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1980
Construction
WOOD
Total area
5,150 SF
Lot
0.4 ac (17,424 SF)
Zoning code
R2
APN
066-134-014
UPID
US09-2222398
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
-
Ryan Garcia DDS Dental Office
-
UFI Medical Supply Store
-
Natural Resource Conservation Sustainability Organization
-
Martin Chiropractic Alternative Medicine Practice
-
Martin Howard S DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
$1.58M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.48M
Owner & transaction history
Kroll,james H Trust · 6 yrs held
Kroll,james H Trust
since 2020
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
R2 · Morro Bay, CA
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 Morro Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morro Bay 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
$1,475,000
ML approach
$1,545,000
CAP Approach
CAP Return
Estimation
6%
$1,705,000
6.5%
$1,575,000
7%
$1,460,000
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±10% · vs last sale $1.26M (Jan 31 2020)
Last sale anchor
$1.26M
Jan 31 2020
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
$286 / 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
$14,930
Tax year 2024
Assessed value
$1,350,971
Assessed 2024
Previous assessed
$1,350,971
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$562,904
Assessed improvement
$788,067
Applied tax rate
6.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Total area
5,150 SF
Lot
0.4 ac (17,424 SF)
Zoning code
R2
APN
066-134-014
UPID
US09-2222398
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
R2 · Morro Bay, CAZoning R2 · permitted uses
R2 · Morro Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
NONE
Lot
0.4 ac
Current owner
From public records · entity-resolved
Kroll,james H Trust
Trust
Free & Clear · 6 yrs held
Mailing address
1970 ASPEN ST, LOS OSOS, CA 93402-2402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
$1,260,000
Kroll,james H Trust
Meine Family Trust
Grant Deed
—
Aug 1, 2018
—
Meine Family Trust
Meine,louis V
Affidavit Of Death
related
—
Dec 20, 2007
—
Kenneth W Stilts
Maul James H & B W Trust
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.
Try Rey
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