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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Manufacturing properties
720 Paso Robles St Paso Robles, CA 93446-2625
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0634340
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1993
Total area
5,023 SF
Lot
0.26 ac (11,480 SF)
Zoning code
RSC
APN
009-213-007
UPID
US09-0634340
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
$2.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$2.00M
Owner & transaction history
Jesse M Sprouse · 2 yrs held
Jesse M Sprouse
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
RSC · Paso Robles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+56.3%
Auto repair, garage
$2.3M
+42.0%
Commercial (general)
$2.1M
+30.8%
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
$2,125,000
ML approach
$2,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,615,000
Current use
RESTAURANT
$2,525,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,295,000
Change: +42% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,115,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$2,065,000
Change: +28% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,860,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$1,630,000
Change: +1% · Conversion: Moderate
OFFICE BUILDING
$1,555,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $1.90M (Aug 22 2023)
Last sale anchor
$1.90M
Aug 22 2023
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
$398 / 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
$13,608
Tax year 2024
Assessed value
$1,224,000
Assessed 2024
Previous assessed
$1,224,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$357,000
Assessed improvement
$867,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1993
Heating
NONE
Total area
5,023 SF
Lot
0.26 ac (11,480 SF)
Zoning code
RSC
APN
009-213-007
UPID
US09-0634340
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1993
Heating
NONE
Lot
0.26 ac
Current owner
From public records · entity-resolved
Jesse M Sprouse
Individual
Mailing address
2898 NACIMIENTO LK DR, PASO ROBLES, CA 93446-9771
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2024
—
Jesse M Sprouse
—
Deed
related
$1,000,000 · Premier Valley Bank
Aug 22, 2023
—
Jesse M Sprouse
Jesse M Sprouse
Intrafamily Transfer
related
—
May 26, 2023
$1,900,000
Elizabeth M Sprouse
Sean P O'brien
Grant Deed
$1,425,000 · Premier Valley Bank
Sep 25, 2020
$1,374,500
Sean P O'brien
Geoffrey Lyons
Grant Deed
$687,037 · 1st Capital Bank
Jul 11, 2012
—
Lyons G & D 2012 Family Trust
Lyons Geoffery F Liv Trust
Quit Claim Deed
related
—
Apr 27, 2012
—
Lyons Geoffrey & D 2012 Fam Trust
Lyons,geoffrey
Quit Claim Deed
related
—
Jul 5, 2007
—
Lyons Geoffrey F Living Trust
Lyons,geoffrey F
Quit Claim Deed
related
—
Jan 31, 2007
—
Geoffrey F Lyons
Lyons,kari L
Quit Claim Deed
related
$607,700 · Mid-state Bank & Trust Co
Oct 11, 1994
$256,000
Geoffrey F Lyons
Wieber,paul F & Karen K
Grant Deed
$215,000 · Mid State Bank
Jul 24, 1992
—
Paul F Wieber JR.
Manning,violet
Grant Deed
$150,000 · Individual
Jan 29, 1990
$87,000
Wieber,paul
Watkins,carrol J
Trustees Deed
—
Jan 29, 1990
—
Paul Wieber
Wieber,marguerit
Quit Claim Deed
related
$57,000 · Watkins Carrol J
—
—
Lyons,geoffrey & D 2012 Fam Trust
—
Deed Of Trust
related
$635,000 · Coast Nat'l Bk
—
—
Geoffrey F Lyons
—
Deed Of Trust
related
$83,000 · Mid State 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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