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Property profile & analytics
OFF-MARKET
Estimated value
$2,990,000
Manufacturing properties
696 Clarion Ct San Luis Obispo, CA 93401-8177
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2797773
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2001
Total area
7,888 SF
Lot
0.86 ac (37,377 SF)
Zoning code
CS
APN
053-426-008
UPID
US09-2797773
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
-
Continental Flavors, Llc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$2.99M
Owner & transaction history
Continental Leasing Us LLC · 4 yrs held
Continental Leasing Us LLC
since 2022
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
CS · San Luis Obispo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.2M
+63.6%
Restaurant
$4.0M
+56.3%
Auto repair, garage
$3.6M
+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
$3,530,000
ML approach
$3,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,540,000
Current use
COMMERCIAL (GENERAL)
$4,150,000
Change: +64% · Conversion: Difficult
RESTAURANT
$3,965,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,605,000
Change: +42% · Conversion: Easy
OFFICE BUILDING
$3,580,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$3,365,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$2,635,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$2.99M
Range $2.69M – $3.29M · ±10% · vs last sale $2.80M (Mar 8 2022)
Last sale anchor
$2.80M
Mar 8 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
$379 / 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
$32,194
Tax year 2024
Assessed value
$2,913,120
Assessed 2024
Previous assessed
$2,913,120
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,560,600
Assessed improvement
$1,352,520
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
2001
Heating
NONE
Total area
7,888 SF
Lot
0.86 ac (37,377 SF)
Zoning code
CS
APN
053-426-008
UPID
US09-2797773
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
$2.5M
COMMERCIAL (GENERAL)
Est. value
$4.2M
RESTAURANT
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.4M
RETAIL STORES
Est. value
$2.6M
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
2001
Heating
NONE
Lot
0.86 ac
Current owner
From public records · entity-resolved
Continental Leasing Us LLC
Entity
Mailing address
696 CLARION CT, SAN LUIS OBISPO, CA 93401-8177
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2022
—
Continental Leasing Us LLC
—
Deed
related
$1,600,000 · Coastal Business Finan
Mar 8, 2022
$2,800,000
Continental Leasing Us LLC
Katie Lied LP
Grant Deed
$1,945,000 · American Riviera Bank
Mar 8, 2022
—
Richard Declark
—
Deed
related
$1,556,000 · American Riviera Bank
May 26, 2017
—
Katie Lied LP
—
Deed
related
$2,500,000 · Pacific Premier Bank
Jul 30, 2015
$1,795,000
Katie Lied LP
Hilyard,douglas A
Grant Deed
—
Jul 30, 2015
—
Douglas A Hilyard
Hilyard,carrie L
Quit Claim Deed
related
—
—
—
Douglas A Hilyard
—
Deed Of Trust
related
—
—
—
Douglas A Hilyard
—
Deed Of Trust
related
—
—
—
Douglas A Hilyard
—
Deed Of Trust
related
$200,000 · San Luis Trust 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.
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