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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Office buildings
780 Piney Way Morro Bay, CA 93442-1926
Trust Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2769125
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1951
Construction
WOOD
Total area
2,290 SF
Lot
0.1 ac (4,356 SF)
Zoning code
C1
APN
066-073-002
UPID
US09-2769125
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
-
The Molina Tattoo Studio and Gallery Tattoo & Piercing Shop
-
Indulge Massage Therapist Alternative Medicine Practice Spa & Massage Center
-
Brows by Demetra at The Molina Studio Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.17M
Owner & transaction history
Schmall Family Trust · 8 yrs held
Schmall Family Trust
since 2018
6 recorded transactions
Zoning & alternative use
C1 · Morro Bay, CA
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 Morro Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morro Bay 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±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
$511 / 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
$9,616
Tax year 2024
Assessed value
$870,102
Assessed 2024
Previous assessed
$870,102
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$513,137
Assessed improvement
$356,965
Applied tax rate
6.0000
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
1951
Construction
WOOD
Heating
NONE
Rooms
4
Bathrooms
2
Total area
2,290 SF
Lot
0.1 ac (4,356 SF)
Zoning code
C1
APN
066-073-002
UPID
US09-2769125
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
C1 · Morro Bay, CAZoning C1 · permitted uses
C1 · Morro Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1951
Construction
WOOD
Heating
NONE
Rooms
4
Bathrooms
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Schmall Family Trust
Trust
Mailing address
5523 S PEACH AVE, FRESNO, CA 93725-8912
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
May 16, 2018
$780,000
Schmall Family Trust
Cook Family Trust
Grant Deed
$500,000 · Cook C R & L J F/tr (rt)
Nov 18, 2002
—
Cook,tr
Cook,charles R & Lorena J
Quit Claim Deed
related
—
Aug 3, 1989
$190,000
Charles R Cook
Kelley,curtiss P
Grant Deed
$140,000
—
—
Charles R Cook
—
Deed Of Trust
related
$120,000 · Bank Of America
—
—
Charles R Cook
—
Deed Of Trust
related
$160,000 · Coast National Bank
—
—
Cook,tr
—
Deed Of Trust
related
$155,000 · Valley Oaks Financial
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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