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Property profile & analytics
FOR LEASE
Community centers
75 Higuera St San Luis Obispo, CA 93401
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1364132
For Lease
1 / 13
$1,085,000
75 Higuera St, San Luis Obispo, CA 93401
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Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1970
Construction
TILT-UP CONCRETE
Total area
23,478 SF
Lot
2.21 ac (96,267 SF)
Zoning code
CS
APN
004-802-018
UPID
US09-1364132
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
$995k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.09M
Owner & transaction history
Slopcc LP · 12 yrs held
Slopcc LP
since 2013
7 recorded transactions
Zoning & alternative use
CS · San Luis Obispo, 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 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
by Request
ML approach
$995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10%
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
$46 / 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
$66,947
Tax year 2024
Assessed value
$6,057,735
Assessed 2024
Previous assessed
$6,057,735
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,948,343
Assessed improvement
$4,109,392
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Total area
23,478 SF
Lot
2.21 ac (96,267 SF)
Zoning code
CS
APN
004-802-018
UPID
US09-1364132
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CS · San Luis Obispo, CAZoning 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
Building & site characteristics
From public records
Year built
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Lot
2.21 ac
Current owner
From public records · entity-resolved
Slopcc LP
Entity
Mailing address
750 PISMO ST, SAN LUIS OBISPO, CA 93401-3922
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Oct 23, 2018
—
Slopcc LP
—
Deed
related
$5,000,000 · Umpqua Bk
Nov 25, 2013
—
Slopcc LP
Slo-pac Center LLC
Grant Deed
$5,000,000 · Umpqua Bank
Feb 29, 2012
$658,500
Scanlin 1989 Trust
Once Upon A Time LP
Grant Deed
$125,800 · Once Upon A Time LP
Feb 29, 2012
—
Once Upon A Time LP
Slopcc LP
Grant Deed
—
May 30, 1996
—
Slopcc LP
Spv Union Limited Partnership
Grant Deed
$3,150,000 · Owens Financial Group INC
Sep 23, 1994
—
Union Ltd
Sbs Realty INC
Grant Deed
related
—
Feb 7, 1994
—
Sbs Realty INC
Told Corp
Grant Deed
related
—
—
—
Slopcc LP
—
Deed Of Trust
related
$3,500,000 · Imperial Thrift & Loan
—
—
Slopcc LP
—
Deed Of Trust
related
$4,400,000 · Gmac Commercial Mortgage Corp
—
—
Slopcc
—
Deed Of Trust
related
$1,000,000 · Patrick D M & D S Family Tr
—
—
Slopcc LP
—
Loan Modification
related
$5,000,000 · Umpqua Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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