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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Office Spaces
590 Hbr St Morro Bay, CA 93442-1904
Individually Owned
Absentee Owner
Free & Clear
Property ID
US09-2262031
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1985
Construction
WOOD
Total area
1,631 SF
Lot
0.04 ac (1,742 SF)
Zoning code
GO
APN
066-066-016
UPID
US09-2262031
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
-
Pacific Eye Surgeons: Amir Ahmad MD Ophthalmologist
-
Tiffany T Od Smart Physician
-
Morro Bay Optometry Physician
-
Reginald J. Baldwin, OD Physician
-
Tiffany T. Smart, OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$500k
Comparable Approach
Comparable
$787k
Blend (final)
Blend
$610k
Owner & transaction history
Piesnack Smart Family Revocable Tru
Piesnack Smart Family Revocable Tru
since 2025
Last sale
$650,000
5 recorded transactions
Zoning & alternative use
GO · 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
$485,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$540,000
6.5%
$500,000
7%
$465,000
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $650k (Jan 3 2022)
Last sale anchor
$650k
Jan 3 2022
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
$374 / 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
$7,474
Tax year 2024
Assessed value
$676,260
Assessed 2024
Previous assessed
$676,260
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$260,100
Assessed improvement
$416,160
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Total area
1,631 SF
Lot
0.04 ac (1,742 SF)
Zoning code
GO
APN
066-066-016
UPID
US09-2262031
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
GO · Morro Bay, CA
Zoning GO · permitted uses
GO · 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
1985
Construction
WOOD
Heating
NONE
Lot
0.04 ac
Current owner
From public records · entity-resolved
Piesnack Smart Family Revocable Tru
Individual
Free & Clear · 0 yrs held
Mailing address
1628 SAN BERNARDO CRK RD, MORRO BAY, CA 93442-2478
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Sep 22, 2025
—
Piesnack Smart Family Revocable Tru
Piesnack Joern
Deed
related
—
Jan 3, 2022
$650,000
Tiffany Smart
Reginald J Baldwin
Grant Deed
$350,000 · Sesloc FCU
May 26, 2015
—
Reginald J Baldwin
Baldwin Brent
Quit Claim Deed
related
—
Jan 26, 2012
—
Brent R Baldwin
Baldwin,reginald J
Quit Claim Deed
related
—
Oct 15, 2009
—
Reginald J Baldwin
Baldwin,louise J
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.
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