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Property profile & analytics
OFF-MARKET
Estimated value
$3,010,000
Office buildings
567 Camino Mercado, Arroyo Grande, CA 93420-1801
Trust Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-2430593
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2002
Construction
WOOD
Total area
10,168 SF
Lot
1.35 ac (58,806 SF)
Zoning code
O
APN
007-771-073
UPID
US09-2430593
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.11M
Comparable Approach
Comparable
$3.31M
Blend (final)
Blend
$3.01M
Owner & transaction history
Kolbo Family Trust · 8 yrs held
Kolbo Family Trust
since 2017
5 recorded transactions
Zoning & alternative use
O · Arroyo Grande, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.6M
+18.8%
Medical building
$4.2M
+6.8%
Industrial (general)
$4.0M
+2.8%
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 Arroyo Grande submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arroyo Grande 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%
$3,365,000
6.5%
$3,105,000
7%
$2,885,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,910,000
Current use
AUTO REPAIR, GARAGE
$4,645,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$4,180,000
Change: +7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,020,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,770,000
Change: -4% · Conversion: Easy
RETAIL STORES
$3,750,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$3.01M
Range $2.71M – $3.31M · ±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
$296 / 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
$26,846
Tax year 2024
Assessed value
$2,544,289
Assessed 2024
Previous assessed
$2,544,289
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$556,377
Assessed improvement
$1,987,912
Applied tax rate
1.0000
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
2002
Construction
WOOD
Heating
NONE
Total area
10,168 SF
Lot
1.35 ac (58,806 SF)
Zoning code
O
APN
007-771-073
UPID
US09-2430593
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
O · Arroyo Grande, CA
Zoning O · permitted uses
O · Arroyo Grande, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arroyo Grande. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
RETAIL STORES
Est. value
$3.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
Construction
WOOD
Heating
NONE
Lot
1.35 ac
Current owner
From public records · entity-resolved
Kolbo Family Trust
Trust
Mailing address
567 CAMINO MERCADO, ARROYO GRANDE, CA 93420-1801
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
—
Philip Kolbo Kolbo
—
Deed
related
$100,000 · Citizens Bank NA
Nov 21, 2017
—
Kolbo Family Trust
Kolbo,philip & Christine
Quit Claim Deed
related
—
Oct 17, 2016
—
Philip Kolbo
—
Deed
related
$200,000 · Citizens Business Bank
Jul 27, 2001
—
Philip Kolbo
—
Trustees Deed
related
$657,000 · Mission Community Bank NA
—
—
Philip Kolbo
—
Deed Of Trust
related
$1,625,000 · Bank Of America
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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