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Property profile & analytics
FOR LEASE
Retail space
72 S Ocean Ave Cayucos, CA 93430
Trust Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0912536
For Lease
1 / 32
$4,950/Mo
72 S Ocean Ave, Cayucos, CA 93430
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Total area
1,200 SF
Lot
0.18 ac (7,841 SF)
Zoning code
CR
APN
064-122-014
UPID
US09-0912536
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
-
Cayucos Boutique Shopping (Bike/Boat/Book/etc) Store
-
Cayucos Pharmacies Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lebbad 2002 Family Trust · 14 yrs held
Lebbad 2002 Family Trust
since 2012
7 recorded transactions
Zoning & alternative use
CR · Cayucos, 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 Cayucos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cayucos 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
—
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
$5,448
Tax year 2024
Assessed value
$504,633
Assessed 2024
Previous assessed
$504,633
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$344,794
Assessed improvement
$159,839
Applied tax rate
63.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1997
Heating
NONE
Total area
1,200 SF
Lot
0.18 ac (7,841 SF)
Zoning code
CR
APN
064-122-014
UPID
US09-0912536
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CR · Cayucos, CAZoning CR · permitted uses
CR · Cayucos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Lot
0.18 ac
Current owner
From public records · entity-resolved
Lebbad 2002 Family Trust
Trust
Free & Clear · 14 yrs held
Mailing address
40 16TH ST, CAYUCOS, CA 93430-1314
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2012
—
Lebbad 2002 Family Trust
Lebbad,malin K & Sheila K
Quit Claim Deed
related
—
May 22, 2012
$500,000
Malin K Lebbad
Bankruptcy Of Estate Finl INC
Quit Claim Deed
related
—
Jul 23, 2009
$1,700,000
Estate Finl
First American Loanstar Te
Trustees Deed
related
—
Dec 28, 2006
$923,500
Signature Homes LLC
Nelson 1996 Trust
Grant Deed
$2,910,000 · Estate Financial INC
Jul 22, 1998
—
Nelson Trust
Nelson,frank K
Quit Claim Deed
related
$305,000 · Los Padres Savings Bank
Apr 17, 1997
—
Nelson Trust
Nelson,frank K
Quit Claim Deed
related
—
May 2, 1996
—
Frank K Nelson
Nelson,patricia A
Quit Claim Deed
related
—
May 2, 1996
$105,000
Nelson,frank K
Meisinger Trust
Trustees Deed
—
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?”
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