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Property profile & analytics
OFF-MARKET
Estimated value
$2,950,000
Retail space
590 Quintana Rd Morro Bay, CA 93442
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-1228717
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
WOOD
Total area
4,728 SF
Lot
0.38 ac (16,553 SF)
Zoning code
CR
APN
066-280-033
UPID
US09-1228717
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
$3.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.95M
Owner & transaction history
Jeanne Helphenstine · 3 yrs held
Jeanne Helphenstine
since 2023
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
CR · Morro Bay, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.3M
+117.4%
Commercial (general)
$2.5M
+61.3%
Auto repair, garage
$2.2M
+41.0%
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 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
$3,155,000
ML approach
$3,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,335,000
Change: +117% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,470,000
Change: +61% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,160,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$1,940,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$2.95M
Range $2.66M – $3.25M · ±10% · vs last sale $2.75M (Sep 30 2021)
Last sale anchor
$2.75M
Sep 30 2021
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
$624 / 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
$8,106
Tax year 2024
Assessed value
$733,482
Assessed 2024
Previous assessed
$733,482
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$213,282
Assessed improvement
$520,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Total area
4,728 SF
Lot
0.38 ac (16,553 SF)
Zoning code
CR
APN
066-280-033
UPID
US09-1228717
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CR · Morro Bay, CA
Zoning CR · permitted uses
CR · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
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
1987
Construction
WOOD
Heating
NONE
Lot
0.38 ac
Current owner
From public records · entity-resolved
Jeanne Helphenstine
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 390, SAN LUIS OBISPO, CA 93406-0390
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2023
—
Jeanne Helphenstine
Marilyn Beresford
Re-recorded Document
related
—
Sep 30, 2021
$2,750,000
Jeanne Helphenstine
Marilyn Beresford
Grant Deed
$1,370,000 · River City Bank
Sep 30, 2021
—
Smull Tic Properties LLC
Dana A Davis
Intrafamily Transfer
related
—
Jan 15, 2020
—
Handspring Properties LLC
Karolyn L Moyer
Quit Claim Deed
—
Feb 9, 2018
—
Smull Tic Properties LLC
Smull Family Trust
Quit Claim Deed
related
—
Nov 6, 2012
—
Beresford Family Trust
Beresford,james P & Marilyn
Quit Claim Deed
related
—
Jun 12, 2012
—
Beresford Family Trust
Beresford,james P & Marilyn
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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