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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Mobile home & RV parks
7075 Spanish Viia Santa Margarita, CA 93453
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-2909381
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1994
Construction
TYPE NOT SPECIFIED
Total area
1,500 SF
Lot
283.04 ac (12,329,222 SF)
Zoning code
AG
APN
070-093-017
UPID
US09-2909381
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$701k
Blend (final)
Blend
$570k
Owner & transaction history
Rex & Betty Hendrix And Jamie Jespe · 1 yrs held
Rex & Betty Hendrix And Jamie Jespe
since 2025
3 recorded transactions
Zoning & alternative use
AG · Santa Margarita, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$715,000
+51.9%
Auto repair, garage
$685,000
+45.6%
Commercial (general)
$680,000
+44.7%
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 Santa Margarita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Margarita 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
by Request
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MOBILE HOME PARK, TRAILER PARK
$470,000
Current use
OFFICE BUILDING
$715,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$685,000
Change: +46% · Conversion: Difficult
COMMERCIAL (GENERAL)
$680,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$615,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$485,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
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
$380 / 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
$22,658
Tax year 2024
Assessed value
$2,039,088
Assessed 2024
Previous assessed
$2,039,088
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$912,170
Assessed improvement
$1,126,918
Applied tax rate
54.0000
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Year built
1994
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Rooms
6
Bathrooms
2
Total area
1,500 SF
Lot
283.04 ac (12,329,222 SF)
Zoning code
AG
APN
070-093-017
UPID
US09-2909381
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
AG · Santa Margarita, CA
Zoning AG · permitted uses
AG · Santa Margarita, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Margarita. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MOBILE HOME PARK, TRAILER PARK Current
Est. value
$470,000
OFFICE BUILDING
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$680,000
MEDICAL BUILDING
Est. value
$615,000
RETAIL STORES
Est. value
$485,000
MOBILE HOME PARK, TRAILER PARK Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1994
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Rooms
6
Bathrooms
2
Lot
283.04 ac
Current owner
From public records · entity-resolved
Rex & Betty Hendrix And Jamie Jespe
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 6062, ATASCADERO, CA 93423-6062
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2025
—
Rex & Betty Hendrix And Jamie Jespe
Jamie Jespersen
Deed
related
—
Oct 9, 2024
—
Rex Hendrix
Rex Hendrix
Correction Deed
related
—
May 2, 2024
—
Rex Hendrix
Rex Hendrix
Intrafamily Transfer
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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