Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Turn key restaurants
685 Higuera St San Luis Obispo, CA 93401-3510
Trust Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1437676
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1940
Construction
TILT-UP CONCRETE
Total area
5,280 SF
Lot
0.16 ac (7,000 SF)
Zoning code
CC
APN
002-422-007
UPID
US09-1437676
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
-
Kreuzberg California Cafe & Coffee Shop
-
Pyra Coffee Company Cafe & Coffee Shop Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
Romano 1993 Family Trust|sasson,laurie R Trust Eta · 11 yrs held
Romano 1993 Family Trust|sasson,laurie R Trust Eta
since 2015
6 recorded transactions
Zoning & alternative use
CC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$221 / 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
$28,224
Tax year 2024
Assessed value
$2,553,874
Assessed 2024
Previous assessed
$2,553,874
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,201,823
Assessed improvement
$1,352,051
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1940
Construction
TILT-UP CONCRETE
Heating
NONE
Rooms
2
Bathrooms
2
Total area
5,280 SF
Lot
0.16 ac (7,000 SF)
Zoning code
CC
APN
002-422-007
UPID
US09-1437676
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CC · San Luis Obispo, CA
Zoning CC · permitted uses
CC · 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.
Building & site characteristics
From public records
Year built
1940
Construction
TILT-UP CONCRETE
Heating
NONE
Rooms
2
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Romano 1993 Family Trust|sasson,laurie R Trust Eta
Trust
Mailing address
713 N RODEO DR, BEVERLY HILLS, CA 90210-3209
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2015
—
Romano 1993 Family Trust|sasson,laurie R Trust Eta
Hollywood & La Cienega Boulvar
Grant Deed
—
Mar 21, 2014
—
Hollywood Pr
Gerety Living Trust
Grant Deed
—
Sep 18, 2002
—
Gerety,tr
Gerety,patrick & Eileen W
Quit Claim Deed
related
—
Jun 27, 2002
—
Patrick Gerety
Gerety,patrick & Eileen W
Quit Claim Deed
related
—
May 23, 1989
—
Patrick Gerety
—
Deed Of Trust
related
—
—
—
Patrick Gerety
—
Deed Of Trust
related
$464,000 · Heritage Oaks Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 685 Higuera St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
