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Property profile & analytics
OFF-MARKET
Estimated value
$9,085,000
Office buildings
811 12th St 101 Paso Robles, CA 93446-2217
Entity Owned
12-yr Hold
Free & Clear
Property ID
US09-5139123
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2007
Construction
WOOD
Total area
27,121 SF
Lot
0.24 ac (10,500 SF)
APN
009-044-014
UPID
US09-5139123
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
$8.29M
Comparable Approach
Comparable
$10.15M
Blend (final)
Blend
$9.09M
Owner & transaction history
Acorn Building Paso Robles LLC · 12 yrs held
Acorn Building Paso Robles LLC
since 2014
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.6M
+62.4%
Auto repair, garage
$12.4M
+47.6%
Commercial (general)
$11.4M
+35.9%
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,975,000
6.5%
$8,285,000
7%
$7,690,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,400,000
Current use
RESTAURANT
$13,635,000
Change: +62% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,395,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,415,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$11,145,000
Change: +33% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$10,050,000
Change: +20% · Conversion: Easy
RETAIL STORES
$8,795,000
Change: +5% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$8,725,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$9.09M
Range $8.18M – $9.99M · ±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
$335 / 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
$91,994
Tax year 2024
Assessed value
$8,274,695
Assessed 2024
Previous assessed
$8,274,695
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,748,099
Assessed improvement
$6,526,596
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
NONE
Buildings
2
Total area
27,121 SF
Lot
0.24 ac (10,500 SF)
APN
009-044-014
UPID
US09-5139123
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.4M
RESTAURANT
Est. value
$13.6M
AUTO REPAIR, GARAGE
Est. value
$12.4M
COMMERCIAL (GENERAL)
Est. value
$11.4M
MEDICAL BUILDING
Est. value
$11.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.1M
RETAIL STORES
Est. value
$8.8M
INDUSTRIAL (GENERAL)
Est. value
$8.7M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2007
Construction
WOOD
Heating
NONE
Buildings
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Acorn Building Paso Robles LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 44, PASO ROBLES, CA 93447-0044
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2018
—
Odd Fellows Bldg Paso Robles L
—
Grant Deed
related
$3,750,000 · Miscellaneous Ins Co
Jun 30, 2014
$1,525,000
Acorn Building Paso Robles LLC
Casa 811 12th Pr LLC
Grant Deed
—
—
—
Acorn Building Paso Robles LLC
—
Loan Modification
related
—
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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