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Property profile & analytics
FOR SALE
Turn key restaurants
800 11Th St Paso Robles, CA 93446
Trust Owned
21-yr Hold
~
Est. High Equity
Property ID
US09-1327152
For Sale
1 / 34
$5,000,000
800 11Th St, Paso Robles, CA 93446
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1941
Construction
WOOD
Total area
10,780 SF
Lot
0.46 ac (20,150 SF)
Zoning code
TC1
APN
009-104-001
UPID
US09-1327152
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$890k
Owner & transaction history
Mullins Family Trust · 21 yrs held
Mullins Family Trust
since 2005
7 recorded transactions
Zoning & alternative use
TC1 · Paso Robles, 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 Paso Robles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paso Robles 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$83 / 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
$31,905
Tax year 2024
Assessed value
$2,869,815
Assessed 2024
Previous assessed
$2,869,815
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,708,226
Assessed improvement
$1,161,589
Applied tax rate
2.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1941
Construction
WOOD
Heating
NONE
Total area
10,780 SF
Lot
0.46 ac (20,150 SF)
Zoning code
TC1
APN
009-104-001
UPID
US09-1327152
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
TC1 · Paso Robles, CA
Zoning TC1 · permitted uses
TC1 · Paso Robles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paso Robles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1941
Construction
WOOD
Heating
NONE
Lot
0.46 ac
Current owner
From public records · entity-resolved
Mullins Family Trust
Trust
Mailing address
800 11TH ST, PASO ROBLES, CA 93446-2518
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2019
—
Mullins Family Trust
—
Deed
related
$1,605,000 · Coasthills Cu
Apr 14, 2005
$2,100,000
Mullins Family Trust
Reddick Trust
Grant Deed
$1,310,000 · Heritage Oaks Bank
Apr 8, 1996
—
Reddick Trust
Reddick,ben O & Dorothy D
Quit Claim Deed
related
—
—
—
Ben O Reddick
—
Deed Of Trust
related
$120,000 · Santa Lucia Bank
—
—
Mullins Family Trust
—
Deed Of Trust
related
$1,605,000 · Coasthills Cu
—
—
Mullins Family Trust
—
Deed Of Trust
related
$349,572 · Heritage Oaks Bank
—
—
Reddick Trust
—
Deed Of Trust
related
$150,000 · Heritage Oaks 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.
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?”
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