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Property profile & analytics
OFF-MARKET
Estimated value
$12,345,000
Warehouses
645 Tank Farm Rd San Luis Obispo, CA 93401-7060
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2710493
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1971
Construction
TILT-UP CONCRETE
Total area
81,615 SF
Lot
5.01 ac (218,235 SF)
Zoning code
CS
APN
053-422-004
UPID
US09-2710493
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
-
Slo Sail and Canvas Textile Manufacturer
-
ALAMO SELF STORAGE Storage Facility
-
Spectrum Color Images (Bike/Boat/Book/etc) Store Printing Service
-
ACME AUTOBODY Auto Repair Shop
-
Lezyne Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.48M
CAP Approach
CAP
$12.89M
Comparable Approach
Comparable
$14.60M
Blend (final)
Blend
$12.35M
Owner & transaction history
Self Storage At Lk Elsinore Ll · 6 yrs held
Self Storage At Lk Elsinore Ll
since 2020
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
CS · San Luis Obispo, 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 San Luis Obispo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Luis Obispo 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
$16,245,000
ML approach
$12,480,000
CAP Approach
CAP Return
Estimation
6%
$13,965,000
6.5%
$12,890,000
7%
$11,970,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,605,000
Current use
Blend value · Realmo final
$12.35M
Range $11.11M – $13.58M · ±10% · vs last sale $12.00M (Apr 24 2020)
Last sale anchor
$12.00M
Apr 24 2020
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
$151 / 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
$118,494
Tax year 2024
Assessed value
$10,722,018
Assessed 2024
Previous assessed
$10,722,018
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,216,605
Assessed improvement
$7,505,413
Applied tax rate
3.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
9
Total area
81,615 SF
Lot
5.01 ac (218,235 SF)
Zoning code
CS
APN
053-422-004
UPID
US09-2710493
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CS · San Luis Obispo, CA
Zoning CS · permitted uses
CS · San Luis Obispo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Luis Obispo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$15.6M
WAREHOUSE, STORAGE Current
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
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
9
Lot
5.01 ac
Current owner
From public records · entity-resolved
Self Storage At Lk Elsinore Ll
Individual
Free & Clear · 6 yrs held
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
Mar 12, 2026
—
Self Storage At Lake Elsinore LLC
—
Deed
related
$8,350,000 · Montecito Bank & Trust
Mar 9, 2021
—
Self Storage Of Lake Elsinore LLC
—
Deed
related
$8,500,000 · Alliant Cu
Jun 19, 2020
$8,400,000
Self Storage At Lk Elsinore Ll
Slo Storage
Correction Deed
—
Apr 24, 2020
—
Lawrence P Harter
Harter G & R 1997 Trust
Quit Claim Deed
related
—
Apr 24, 2020
$8,400,000
Self Storage At Lk Elsinore Ll
Slo Storage
Grant Deed
$7,962,500 · San Luis Storage Ltd
Oct 7, 2015
—
Slo Storage
Slo Storage
Quit Claim Deed
related
—
—
—
Slo Storage
—
Deed Of Trust
related
$2,350,000 · Rabobank
—
—
Slo Storage
—
Deed Of Trust
related
$100,000 · Portzel Family Trust (pt)
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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