Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Industrial properties
776 Calle Bendita Arroyo Grande, CA 93420-5704
Individually Owned
4-yr Hold
Absentee Owner
Property ID
US09-1999466
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1960
Construction
WOOD
Total area
928 SF
Lot
0.88 ac (38,325 SF)
Zoning code
IND
APN
091-351-054
UPID
US09-1999466
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
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$549k
Blend (final)
Blend
$580k
Owner & transaction history
Grant W Rodges · 4 yrs held
Grant W Rodges
since 2022
Last sale
$735,000
7 recorded transactions
Zoning & alternative use
IND · Arroyo Grande, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$460,000
+26.0%
Auto repair, garage
$425,000
+15.6%
Medical building
$380,000
+3.9%
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
$550,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$365,000
Current use
COMMERCIAL (GENERAL)
$460,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$425,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$380,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$355,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $735k (Apr 18 2022)
Last sale anchor
$735k
Apr 18 2022
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
$625 / 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
$8,433
Tax year 2024
Assessed value
$803,827
Assessed 2024
Previous assessed
$803,827
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$328,093
Assessed improvement
$475,734
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Buildings
2
Rooms
6
Bathrooms
3
Total area
928 SF
Lot
0.88 ac (38,325 SF)
Zoning code
IND
APN
091-351-054
UPID
US09-1999466
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
INDUSTRIAL (GENERAL) Current
Est. value
$365,000
COMMERCIAL (GENERAL)
Est. value
$460,000
AUTO REPAIR, GARAGE
Est. value
$425,000
MEDICAL BUILDING
Est. value
$380,000
OFFICE BUILDING
Est. value
$355,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
1960
Construction
WOOD
Heating
NONE
Buildings
2
Rooms
6
Bathrooms
3
Lot
0.88 ac
Current owner
From public records · entity-resolved
Grant W Rodges
Individual
Mailing address
2186 LAGUNA NEGRA LN, ARROYO GRANDE, CA 93420-9653
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Apr 18, 2022
—
Grant W Rodges
Grant W Rodges
Intrafamily Transfer
related
—
Jul 14, 2020
—
Grant W Rodges
—
Deed
related
$591,500 · Golden Empire Mortgage INC
Sep 27, 2018
$735,000
Grant A Rodgers
Richard D Hughes
Grant Deed
$588,000 · Golden Empire Mortgage INC
Dec 4, 2006
—
Hughes R D & V L Living Trust
Hughes,richard D & Virginia L
Quit Claim Deed
related
—
—
—
Richard D Hughes
—
Deed Of Trust
related
$275,000 · Mid State Bank
—
—
Richard D Hughes
—
Deed Of Trust
related
$50,000 · Santa Barbara FCU
—
—
Richard D Hughes
—
Deed Of Trust
related
$30,000 · Mid State Bank
—
—
Richard D Hughes
—
Deed Of Trust
related
$375,000 · Ameriquest Mortgage Corp
—
—
Richard D Hughes
—
Deed Of Trust
related
$200,900 · Greater Suburban Mtg Group
—
—
Richard D Hughes
—
Deed Of Trust
related
$170,000 · San Francisco Federal S & L
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 776 Calle Bendita?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
