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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Warehouses
735 Sheridan Rd Arroyo Grande, CA 93420-5832
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-0917089
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Construction
WOOD
Total area
1,925 SF
Lot
2.29 ac (99,752 SF)
Zoning code
IND
APN
091-192-039
UPID
US09-0917089
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
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$546k
Blend (final)
Blend
$520k
Owner & transaction history
Baker Family Trust · 6 yrs held
Baker Family Trust
since 2020
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
IND · Arroyo Grande, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$790,000
+114.9%
Office building
$740,000
+101.1%
Retail stores
$710,000
+92.8%
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 Arroyo Grande submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arroyo Grande 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
$585,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$370,000
Current use
MEDICAL BUILDING
$790,000
Change: +115% · Conversion: Difficult
OFFICE BUILDING
$740,000
Change: +101% · Conversion: Difficult
RETAIL STORES
$710,000
Change: +93% · Conversion: Moderate
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $500k (May 13 2020)
Last sale anchor
$500k
May 13 2020
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
$270 / 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
$16,033
Tax year 2024
Assessed value
$1,528,214
Assessed 2024
Previous assessed
$1,528,214
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$513,089
Assessed improvement
$1,015,125
Applied tax rate
52.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
NONE
Buildings
6
Total area
1,925 SF
Lot
2.29 ac (99,752 SF)
Zoning code
IND
APN
091-192-039
UPID
US09-0917089
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
IND · Arroyo Grande, CA
Zoning IND · permitted uses
IND · Arroyo Grande, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arroyo Grande. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$370,000
MEDICAL BUILDING
Est. value
$790,000
OFFICE BUILDING
Est. value
$740,000
RETAIL STORES
Est. value
$710,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE 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
2000
Construction
WOOD
Heating
NONE
Buildings
6
Lot
2.29 ac
Current owner
From public records · entity-resolved
Baker Family Trust
Trust
Mailing address
PO BOX 429, NIPOMO, CA 93444-0429
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2020
—
Baker Family Trust
Scott R Baker
Quit Claim Deed
related
—
May 9, 2017
—
Scott R Baker
—
Deed
related
$500,000 · Premier Valley Bank
Feb 28, 2013
$500,000
Scott R Baker
Pace Family Trust
Grant Deed
—
Feb 28, 2013
—
Scott Pace
Pace,cissie
Quit Claim Deed
related
—
Dec 13, 2010
—
Pace Scott Trust
Pace,scott
Quit Claim Deed
—
Dec 30, 2005
—
New Cingular Wireless Pcs LLC
D & S Investments
Grant Deed
related
—
Nov 3, 1999
$100,000
Vick Pace Construction Co INC
D & S Investments
Grant Deed
—
—
—
D Investments
—
Deed Of Trust
related
$925,650 · Santa Lucia Bank
—
—
Scott Pace
—
Deed Of Trust
related
$76,790 · David A Tilem
—
—
Vick Pace Construction Co INC
—
Deed Of Trust
related
$1,000,000 · Santa Lucia Bank
—
—
Vick Pace Construction Co INC
—
Deed Of Trust
related
$368,750 · Santa Lucia 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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