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Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Retail properties & Spaces
770 Lawrence Dr 100 San Luis Obispo, CA 93401-5741
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-1088211
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1996
Construction
TILT-UP CONCRETE
Total area
7,651 SF
Lot
0.39 ac (16,800 SF)
Zoning code
CR
APN
004-951-012
UPID
US09-1088211
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
-
Carbon Khaus PPF And Composites Auto Repair Shop
-
Low Cost Ignition Interlock Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$2.46M
Owner & transaction history
Nicholas Kasarjian · 2 yrs held
Nicholas Kasarjian
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
CR · San Luis Obispo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.0M
+75.1%
Restaurant
$3.8M
+67.3%
Auto repair, garage
$3.5M
+52.1%
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
$2,640,000
ML approach
$2,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$2,300,000
Current use
COMMERCIAL (GENERAL)
$4,025,000
Change: +75% · Conversion: Difficult
RESTAURANT
$3,845,000
Change: +67% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,495,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$3,470,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$3,265,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$2,555,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±10% · vs last sale $2.00M (Sep 25 2023)
Last sale anchor
$2.00M
Sep 25 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
$322 / 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
$22,103
Tax year 2024
Assessed value
$2,000,000
Assessed 2024
Previous assessed
$2,000,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$850,000
Assessed improvement
$1,150,000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1996
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
7,651 SF
Lot
0.39 ac (16,800 SF)
Zoning code
CR
APN
004-951-012
UPID
US09-1088211
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CR · San Luis Obispo, CA
Zoning CR · permitted uses
CR · 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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$4.0M
RESTAURANT
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.3M
RETAIL STORES
Est. value
$2.6M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL 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
1996
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.39 ac
Current owner
From public records · entity-resolved
Nicholas Kasarjian
Individual
Mailing address
770 LAWRENCE DR #100, SAN LUIS OBISPO, CA 93401-5741
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2023
$2,000,000
Nicholas Kasarjian
Sieglinde Tate
Grant Deed
$500,000 · Tate Family Trust
Sep 25, 2023
—
Nicholas Kasarjian
Tara Kasarjian
Intrafamily Transfer
related
—
Oct 16, 2014
—
Tate Family Trust
Tate,phillip G & Sieglinde
Quit Claim Deed
related
—
Oct 11, 2005
—
King Family Trust
King,arthur O & Barbara M
Quit Claim Deed
related
—
Jun 28, 2000
$755,000
Tate,phillip G & Sieglinde A
Spangler,michael
Trustees Deed
—
Jun 28, 2000
—
Michael Spangler
Spangler,kathy
Quit Claim Deed
related
—
Jun 28, 2000
$658,500
Spangler,michael
Oslon,robert E & Elise G
Trustees Deed
—
Apr 10, 1995
$30,000
Robert E Olson
Maese,ben & Kris M
Grant Deed
related
—
—
—
Robert E Olson
—
Deed Of Trust
related
$400,000 · First Bank San Luis Obispo
—
—
Robert E Olson
—
Deed Of Trust
related
$390,000 · Coast National 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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