Property profile

760 Albert Way Arroyo Grande, CA 93420

OFF-MARKET
Retail properties & Spaces
Property ID
US09-0257600
3,110 SF 4.55 ac lot Built 1979
Entity Owned 3-yr Hold
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Property profile

Verified
Property type Retail properties & Spaces
Use group NURSERY, GREENHOUSE, FLORIST
Year built 1979
Construction WOOD
Total area 3,110 SF
Lot 4.55 ac (198,198 SF)
Zoning code RR
APN 091-204-008
UPID US09-0257600

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Florist

Location

760 Albert Way Arroyo Grande, CA 93420-5801
Arroyo Grande metro Census 12306 SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$575k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$560k

Owner & transaction history

since 2022
Last sale
$750,000
7 recorded transactions
2022
$750,000
2019
Price N/A
2011
$566,500
2006
$950,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RR · Arroyo Grande, CA
Zoning description

This district is intended as an area for development of low density, large lot residential dwelling units at a maximum density of one dwelling unit per one gross acre

General category RESIDENTIAL
Top alternative use upside
Commercial (general) $845,000 +86.8%
Office building $815,000 +79.3%
Auto repair, garage $655,000 +44.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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