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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Industrial properties
640 Frontage Rd Nipomo, CA 93444-9149
Individually Owned
4-yr Hold
Free & Clear
Property ID
US09-1328943
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2003
Construction
TILT-UP CONCRETE
Total area
9,307 SF
Lot
0.61 ac (26,572 SF)
Zoning code
CS
APN
092-158-020
UPID
US09-1328943
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
-
House of Prayer Church of God In Christ Church
-
Pacific 805 (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
-
Residential Desgin Services Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
$1.63M
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.38M
Owner & transaction history
House Of Prayer Chr Of God In Chris · 4 yrs held
House Of Prayer Chr Of God In Chris
since 2022
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
CS · Nipomo, 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 Nipomo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nipomo 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
$1,030,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
$1,770,000
6.5%
$1,630,000
7%
$1,515,000
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10% · vs last sale $1.38M (Jun 24 2022)
Last sale anchor
$1.38M
Jun 24 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
$148 / 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
$6,919
Tax year 2024
Assessed value
$1,570,202
Assessed 2024
Previous assessed
$1,570,202
+0.0% YoY
Effective rate
0.44%
On assessed value
Assessed land
$568,914
Assessed improvement
$1,001,288
Applied tax rate
52.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2003
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
9,307 SF
Lot
0.61 ac (26,572 SF)
Zoning code
CS
APN
092-158-020
UPID
US09-1328943
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CS · Nipomo, CA
Zoning CS · permitted uses
CS · Nipomo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nipomo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.61 ac
Current owner
From public records · entity-resolved
House Of Prayer Chr Of God In Chris
Individual
Free & Clear · 4 yrs held
Mailing address
640 S FRONTAGE RD STE D, NIPOMO, CA 93444-9149
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
—
House Of Prayer Chr Of God In Chris
House Of Prayer Church Of God
Quit Claim Deed
related
—
Jun 22, 2022
—
House Of Prayer Chr Of Gold In Chri
—
Deed
related
$1,250,000 · Christian Community Cu
Aug 30, 2016
$1,380,000
House Of Prayer Ch Of God & Christ
Spencer,robert & Gay-yvette
Grant Deed
$1,305,000 · Robert & Gay-yvette Spencer
Dec 28, 2010
—
Robert Spencer
Nipomo Frontage Center LLC
Grant Deed
—
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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