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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
745 Francis Ave San Luis Obispo, CA 93401-5722
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1938721
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1953
Construction
WOOD
Total area
1,525 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CS
APN
004-925-008
UPID
US09-1938721
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
-
MMT Insurance Services LLC Insurance Agency
-
Gallagher Insurance, Risk Management & Consulting Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
$465k
Comparable Approach
Comparable
$440k
Blend (final)
Blend
$525k
Owner & transaction history
Francis Avenue LLC · 5 yrs held
Francis Avenue LLC
since 2021
Last sale
$515,000
6 recorded transactions
Zoning & alternative use
CS · San Luis Obispo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$800,000
+16.0%
Auto repair, garage
$695,000
+0.8%
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 San Luis Obispo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Luis Obispo 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
$595,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
$505,000
6.5%
$465,000
7%
$435,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$690,000
Current use
COMMERCIAL (GENERAL)
$800,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$695,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$650,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $515k (Jan 28 2021)
Last sale anchor
$515k
Jan 28 2021
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
$344 / 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
$6,706
Tax year 2024
Assessed value
$606,808
Assessed 2024
Previous assessed
$606,808
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$294,566
Assessed improvement
$312,242
Applied tax rate
3.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
NONE
Total area
1,525 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CS
APN
004-925-008
UPID
US09-1938721
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CS · San Luis Obispo, CA
Zoning CS · permitted uses
CS · San Luis Obispo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Luis Obispo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$695,000
MEDICAL BUILDING
Est. value
$650,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1953
Construction
WOOD
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Francis Avenue LLC
Entity
Free & Clear · 5 yrs held
Mailing address
6140 MADBURY CT, SAN LUIS OBISPO, CA 93401-9206
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2021
—
Francis Avenue LLC
Mcconnell Richard J F/tr
Quit Claim Deed
—
Dec 17, 2020
—
Mcconnell,richard J Fam Trust
Richard J Mcconnell
Quit Claim Deed
related
—
Feb 20, 2015
$515,000
Richard J Mcconnell
Meyer Eric S & Cynthia C
Grant Deed
$386,250 · Bank Of The West
Jul 17, 2013
$200,000
Eric S Meyer
Walker,ann L
Grant Deed
—
Dec 14, 2012
—
Ann L Walker
Walker Shirley H Liv Trust
Quit Claim Deed
related
—
Apr 27, 2007
—
Walker Shirley H Living Trust
Walker S H Family Trust
Quit Claim Deed
related
—
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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