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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Community centers
580 Quintana Rd, Morro Bay, CA 93442
Trust Owned
16-yr Hold
~
Est. High Equity
Property ID
US09-0912607
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1967
Construction
TILT-UP CONCRETE
Total area
18,088 SF
Lot
1.65 ac (71,874 SF)
Zoning code
C1
APN
066-280-032
UPID
US09-0912607
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
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$628k
Blend (final)
Blend
$605k
Owner & transaction history
Dover Family 2007 Trust · 16 yrs held
Dover Family 2007 Trust
since 2010
7 recorded transactions
Zoning & alternative use
C1 · Morro Bay, 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 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
by Request
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$33 / 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
$22,727
Tax year 2024
Assessed value
$2,056,448
Assessed 2024
Previous assessed
$2,056,448
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,265,507
Assessed improvement
$790,941
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
18,088 SF
Lot
1.65 ac (71,874 SF)
Zoning code
C1
APN
066-280-032
UPID
US09-0912607
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
C1 · Morro Bay, CA
Zoning C1 · permitted uses
C1 · Morro Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morro Bay. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
1.65 ac
Current owner
From public records · entity-resolved
Dover Family 2007 Trust
Trust
Mailing address
PO BOX 390, SAN LUIS OBISPO, CA 93406-0390
Ownership since
2010
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
Jan 8, 2010
—
Dover Family 2007 Trust
Patrick D M & D S Trust
Grant Deed
—
Sep 9, 2005
—
Nierad Trust
Nierad,john S II & Gail J
Quit Claim Deed
related
—
Jun 29, 2004
—
Patrick,tr
Patrick,donald M & Delaine S
Quit Claim Deed
related
—
Apr 2, 2004
—
Huebner,tr
Patrick,donald M & Delaine S
Grant Deed
related
$170,000 · Donald & Delaine S Patrick
Sep 30, 2002
$475,000
Donald M Patrick
Thrifty Payless INC
Grant Deed
—
—
—
Thrifty Realty Co
—
Deed Of Trust
related
—
—
—
500 Quintana Road LLC
—
Deed Of Trust
related
$107,980 · Gail A Gray
—
—
Donald M Patrick
—
Deed Of Trust
related
$360,000 · Sunrise Mortgage & Investment
—
—
Patrick D M & Delaine S Trust
—
Deed Of Trust
related
$1,000,000 · Industrial Alliance Pacific
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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