Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Office Spaces
555 Chorro St D San Luis Obispo, CA 93405-2396
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1702841
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1981
Construction
WOOD
Total area
2,623 SF
Lot
0.26 ac (11,340 SF)
Zoning code
O
APN
002-292-029
UPID
US09-1702841
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
-
Lewis Financial Financial Advisor
-
Gary C Faucette Law Office Law Firm
-
Quinn Terri PHD Counselor Family Counselor
-
Ecotones Landscapes Inc Landscaping General Contractor
-
Contour Landscape Architecture Landscaping (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$900k
Owner & transaction history
San Luis Obispo Cnty Integrated Was · 1 yrs held
San Luis Obispo Cnty Integrated Was
since 2024
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
O · San Luis Obispo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+9.2%
Auto repair, garage
$1.2M
+2.0%
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
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$800,000
7%
$745,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,175,000
Current use
COMMERCIAL (GENERAL)
$1,285,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,200,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$1,120,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Oct 16 2024)
Last sale anchor
$900k
Oct 16 2024
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
$343 / 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
$6,176
Tax year 2024
Assessed value
$558,822
Assessed 2024
Previous assessed
$558,822
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$271,429
Assessed improvement
$287,393
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
NONE
Total area
2,623 SF
Lot
0.26 ac (11,340 SF)
Zoning code
O
APN
002-292-029
UPID
US09-1702841
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
O · San Luis Obispo, CA
Zoning O · permitted uses
O · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1981
Construction
WOOD
Heating
NONE
Lot
0.26 ac
Current owner
From public records · entity-resolved
San Luis Obispo Cnty Integrated Was
Individual
Mailing address
870 OSOS ST, SAN LUIS OBISPO, CA 93401-2717
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 16, 2024
$900,000
San Luis Obispo Cnty Integrated Was
Pamela Kaplan Brown
Grant Deed
—
Apr 26, 2019
—
Brown,p K & F S Fam Trt Trust
Brown,frederick S & Pamela K
Quit Claim Deed
related
—
Feb 5, 1997
—
Frederick S Brown
Brown,frederick S
Quit Claim Deed
related
—
Dec 24, 1996
—
Jeff Amos
Amos,debra
Quit Claim Deed
related
—
Jun 27, 1994
$25,000
Jeff Amos
Cohan,christophe
Quit Claim Deed
related
—
Jun 3, 1994
—
Jeff Amos
Cohan,christophe
Quit Claim Deed
related
—
—
—
Frederick S Brown
—
Deed Of Trust
related
$100,000 · Montecito Bank & Trust
—
—
Frederick S Brown
—
Deed Of Trust
related
$122,921 · Montecito Bank & Trust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 555 Chorro St, Unit D?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
