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Property profile & analytics
FOR LEASE
Retail space
5735 El Camino Real Atascadero, CA 93423
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2390783
For Lease
1 / 6
Contact for pricing
5735 El Camino Real, Atascadero, CA 93423
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1941
Construction
STEEL FRAME
Total area
2,100 SF
Lot
0.81 ac (35,410 SF)
Zoning code
DC
APN
029-323-021
UPID
US10-2390783
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
-
MARK IV Property Management Systems Property Management Company
-
The Lakes of Atascadero Apartment Building
-
Fatte's Pizza of Atascadero Restaurant
-
Katrina Bolduc Gym & Fitness Center
-
BT Wealth Management Services Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$582k
Blend (final)
Blend
$535k
Owner & transaction history
Connella Properties LLC · 6 yrs held
Connella Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
DC · Atascadero, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
land uses. § 9-3.331 Mixed-use residential density. § 9-3.340 Property development standards. § 9-3.341 CN Zone. § 9-3.342 CP Zone. § 9-3.343 CR Zone. § 9-3.344 CS Zone. § 9-3.345 CT Zone. § 9-3.346 CPK Zone. § 9-3.347 DC/DO Zone. § 9-3.348 IP Zone. § 9-3.349 I Zone. Article 4 Public Zoning Districts § 9-3.410 Intent. § 9-3.420 Purposes of the public zoning…
Zone name
Downtown Commercial
General category
COMMERCIAL
Zone area
55.32 ac
Top alternative use upside
Medical building
$865,000
+18.9%
Commercial (general)
$740,000
+1.8%
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 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
by Request
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
RETAIL STORES
$725,000
Current use
MEDICAL BUILDING
$865,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$740,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$255 / 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
$41,175
Tax year 2024
Assessed value
$2,665,306
Assessed 2024
Previous assessed
$2,665,306
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$1,380,488
Assessed improvement
$1,284,818
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1941
Construction
STEEL FRAME
Heating
NONE
Total area
2,100 SF
Lot
0.81 ac (35,410 SF)
Zoning code
DC
APN
029-323-021
UPID
US10-2390783
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
DC · Atascadero, CAZoning DC · permitted uses
DC · Atascadero, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
land uses. § 9-3.331 Mixed-use residential density. § 9-3.340 Property development standards. § 9-3.341 CN Zone. § 9-3.342 CP Zone. § 9-3.343 CR Zone. § 9-3.344 CS Zone. § 9-3.345 CT Zone. § 9-3.346 CPK Zone. § 9-3.347 DC/DO Zone. § 9-3.348 IP Zone. § 9-3.349 I Zone. Article 4 Public Zoning Districts § 9-3.410 Intent. § 9-3.420 Purposes of the public zoning districts. § 9-3.430 Public districts allowable land uses. § 9-3.440 Property dev
Zone name
Downtown Commercial
General category
COMMERCIAL
Zone area
55.32 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$725,000
MEDICAL BUILDING
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$740,000
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1941
Construction
STEEL FRAME
Heating
NONE
Lot
0.81 ac
Current owner
From public records · entity-resolved
Connella Properties LLC
Entity
Mailing address
1716 GATES AVE, MANHATTAN BEACH, CA 90266-7031
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2023
—
Connella Properties LLC
—
Deed
related
$250,000 · Pacific Premier Bank
Jun 1, 2020
—
Connella Properties LLC
Connella Delphia F/tr
Correction Deed
related
—
Feb 11, 2020
—
Connella Properties LLC
Connella Delphia F/tr
Quit Claim Deed
—
Aug 2, 2019
—
Connella,delphia Trust
Ranelletti Marital Trust
Correction Deed
related
—
Mar 25, 2019
—
Connella,delphia Family Trust
Connella,delphia R
Affidavit Of Death
related
—
Jun 20, 2018
—
Delphia R Connelia
Delphia R Connella
Intrafamily Transfer
related
$100,000 · Pacific Premier Bank
Apr 29, 2005
$1,900,000
Delphia Connella
Tony Ranelletti
Grant Deed
$1,400,000 · First Bank Of San Luis Obispo
Apr 4, 2003
—
Ranelletti,tr
Ranelletti,tr
Quit Claim Deed
related
—
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?”
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