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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Industrial properties
716 Paso Robles St Paso Robles, CA 93446-2888
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-1924813
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1991
Construction
TILT-UP CONCRETE
Total area
4,500 SF
Lot
0.26 ac (11,480 SF)
Zoning code
RSC
APN
009-213-008
UPID
US09-1924813
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
$1.20M
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.20M
Owner & transaction history
Kor Paso LLC · 1 yrs held
Kor Paso LLC
since 2024
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
RSC · Paso Robles, 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 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
$1,195,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$790,000
7%
$735,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,895,000
Current use
MEDICAL BUILDING
$1,850,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10% · vs last sale $1.20M (Aug 9 2024)
Last sale anchor
$1.20M
Aug 9 2024
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
$266 / 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
$5,292
Tax year 2024
Assessed value
$475,965
Assessed 2024
Previous assessed
$475,965
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$215,887
Assessed improvement
$260,078
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
4,500 SF
Lot
0.26 ac (11,480 SF)
Zoning code
RSC
APN
009-213-008
UPID
US09-1924813
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
RSC · Paso Robles, CA
Zoning RSC · permitted uses
RSC · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
MEDICAL 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
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.26 ac
Current owner
From public records · entity-resolved
Kor Paso LLC
Entity
Mailing address
985 PO BOX 4811TH DR, PASO ROBLES, CA 93447-4811
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2024
$1,195,500
Kor Paso LLC
Lawrence R Benson
Grant Deed
$1,000,000 · Lawrence R Benson Separate Property
May 4, 2023
—
Lawrence R Benson
Lawrence R Benson
Intrafamily Transfer
related
$100,000 · Fox Law Group 401k Profit Sharing P
Oct 14, 2021
—
Lawrence R Benson Trust
Larry Randolph Benson
Intrafamily Transfer
related
—
Jul 10, 1989
$75,000
Larry R Benson
Watkins,carrol J
Grant Deed
—
—
—
Larry R Benson
—
Deed Of Trust
related
$125,000 · David C Montgomery
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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