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Property profile & analytics
OFF-MARKET
Estimated value
$3,330,000
Manufacturing properties
684 Clarion Ct San Luis Obispo, CA 93401-8177
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3020232
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2003
Total area
9,630 SF
Lot
0.56 ac (24,414 SF)
Zoning code
CS
APN
053-426-007
UPID
US10-3020232
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
-
T&S Structural Structural Engineer Architectural And Engineering Model Maker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.73M
Blend (final)
Blend
$3.33M
Owner & transaction history
J Apartments INC · 2 yrs held
J Apartments INC
since 2023
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
CS · San Luis Obispo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.1M
+63.6%
Restaurant
$4.8M
+56.3%
Auto repair, garage
$4.4M
+42.0%
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 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
$4,490,000
ML approach
$4,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,100,000
Current use
COMMERCIAL (GENERAL)
$5,065,000
Change: +64% · Conversion: Difficult
RESTAURANT
$4,840,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,400,000
Change: +42% · Conversion: Easy
OFFICE BUILDING
$4,370,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$4,110,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$3,220,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$3.33M
Range $3.00M – $3.66M · ±10% · vs last sale $3.40M (Nov 14 2023)
Last sale anchor
$3.40M
Nov 14 2023
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
$346 / 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
$22,656
Tax year 2024
Assessed value
$2,050,000
Assessed 2024
Previous assessed
$2,050,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$950,000
Assessed improvement
$1,100,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2003
Heating
NONE
Stories
1
Total area
9,630 SF
Lot
0.56 ac (24,414 SF)
Zoning code
CS
APN
053-426-007
UPID
US10-3020232
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$5.1M
RESTAURANT
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
2003
Heating
NONE
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
J Apartments INC
Entity
Mailing address
2309 AUBURY PL, CAMARILLO, CA 93010-2248
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2023
$3,400,000
J Apartments INC
Melissa G Richardson
Grant Deed
—
Jun 14, 2019
—
The Melissa C Richardson Family Tru
—
Deed
related
$805,000 · 1st Capital Bank
May 2, 2019
—
Bachmann,melissa G Family Trust
Bachmann Melissa G F/tr
Quit Claim Deed
related
—
Sep 24, 2013
—
Bachmann,melissa G Family Trust
Bachmann,melissa
Quit Claim Deed
related
—
Aug 10, 2007
$1,350,000
Grant W Fraysier JR.
323 First Street LLC
Grant Deed
—
Aug 9, 2007
—
323 First Street LLC
Bachmann R C Family Trust
Grant Deed
related
—
Mar 25, 2003
—
Bachmann,tr
—
Trustees Deed
related
$971,000 · First Bank San Luis Obispo
Dec 31, 2002
—
Bachmann,tr
S F Business Park LLC
Grant Deed
related
—
—
—
Rudolph C Bachmann
—
Deed Of Trust
related
$945,000 · Countrywide Bank
—
—
Bachmann Rudolph C Family Trust
—
Deed Of Trust
related
$656,000 · Rabobank
—
—
Bachmann,tr
—
Deed Of Trust
related
$749,215 · Mid-state Bank & Trust Co
—
—
Bachmann,tr
—
Deed Of Trust
related
$342,469 · Mid-state Bank & Trust Co
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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