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Property profile & analytics
OFF-MARKET
Estimated value
$52,890,000
Apartment buildings
710 Experimental Sta Rd Paso Robles, CA 93446-9292
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5626916
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2019
Construction
WOOD
Total area
197,140 SF
Lot
11.87 ac (517,057 SF)
Zoning code
R3
APN
025-541-025
UPID
US09-5626916
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
by Request
CAP Approach
CAP
$58.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$52.89M
Owner & transaction history
Blue Oak Tic Owner I LLC · 2 yrs held
Blue Oak Tic Owner I LLC
since 2023
7 recorded transactions
Zoning & alternative use
R3 · Paso Robles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$83.0M
+13.6%
Medical building
$81.0M
+10.9%
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 Paso Robles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paso Robles 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
by Request
CAP Approach
CAP Return
Estimation
6%
$63,430,000
6.5%
$58,550,000
7%
$54,370,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$73,060,000
Current use
COMMERCIAL (GENERAL)
$82,970,000
Change: +14% · Conversion: Moderate
MEDICAL BUILDING
$80,995,000
Change: +11% · Conversion: Moderate
RETAIL STORES
$63,915,000
Change: -13% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$63,430,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$61,045,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$52.89M
Range $47.60M – $58.18M · ±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
$268 / 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
$855,750
Tax year 2024
Assessed value
$76,481,451
Assessed 2024
Previous assessed
$76,481,451
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$16,320,000
Assessed improvement
$60,161,451
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
NONE
Total area
197,140 SF
Lot
11.87 ac (517,057 SF)
Zoning code
R3
APN
025-541-025
UPID
US09-5626916
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
R3 · Paso Robles, CA
Zoning R3 · permitted uses
R3 · Paso Robles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paso Robles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$73.1M
COMMERCIAL (GENERAL)
Est. value
$83.0M
MEDICAL BUILDING
Est. value
$81.0M
RETAIL STORES
Est. value
$63.9M
INDUSTRIAL (GENERAL)
Est. value
$63.4M
OFFICE BUILDING
Est. value
$61.0M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
2019
Construction
WOOD
Heating
NONE
Lot
11.87 ac
Current owner
From public records · entity-resolved
Blue Oak Tic Owner I LLC
Entity
Free & Clear · 2 yrs held
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2023
—
Blue Oak Tic Owner I LLC
Paso Robles Multifamily LLC
Correction Deed
related
—
Oct 20, 2016
$5,805,000
Paso Robles Multifamily LLC
Arjun Buena Vista Props LLC
Grant Deed
—
Mar 16, 2012
—
Arjun Buena Vista Prop LLC
Arjun Holdings LP
Quit Claim Deed
related
—
Sep 20, 2011
$610,000
Arjun Holdings LP
Esrbr298 LLC
Grant Deed
related
—
Jun 27, 2007
$2,879,033
Esrbr298 LLC
Pacific Oak Foreclosure Svcs
Trustees Deed
—
May 13, 2005
$1,200,000
Alan Little Custom Homes
Mundee,kenneth & Lynn
Grant Deed
—
—
—
Esrbr 298 LLC
—
Deed Of Trust
related
$74,000 · Diane M Mandala
—
—
Mundee,kenneth & Lynn
—
Deed Of Trust
related
$1,455,000 · Heritage Oaks Bk
—
—
Esrbr298 LLC
—
Deed Of Trust
related
$250,000 · Coast Nat'l Bk
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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