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Property profile & analytics
OFF-MARKET
Office buildings
823 7th St Paso Robles, CA 93446-2818
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-0621724
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Construction
WOOD
Total area
988 SF
Lot
0.08 ac (3,500 SF)
Zoning code
TC2
APN
009-203-016
UPID
US09-0621724
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
by Request
Owner & transaction history
Andrew W Brown · 11 yrs held
Andrew W Brown
since 2015
7 recorded transactions
Zoning & alternative use
TC2 · Paso Robles, 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 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
—
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
$3,930
Tax year 2024
Assessed value
$353,476
Assessed 2024
Previous assessed
$353,476
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$188,521
Assessed improvement
$164,955
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
OFFICE BUILDING
Status
Off-Market
Year built
1954
Construction
WOOD
Heating
YES
Rooms
4
Bathrooms
1
Total area
988 SF
Lot
0.08 ac (3,500 SF)
Zoning code
TC2
APN
009-203-016
UPID
US09-0621724
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
TC2 · Paso Robles, CAZoning TC2 · permitted uses
TC2 · Paso Robles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Current Zoning Code
Building & site characteristics
From public records
Year built
1954
Construction
WOOD
Heating
YES
Rooms
4
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Andrew W Brown
Individual
Mailing address
PO BOX 1179, PASO ROBLES, CA 93447-1179
Ownership since
2015
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
Jan 28, 2026
—
Andrew W Brown
—
Deed
related
$200,000 · Thomas J Madden III
Jun 30, 2015
$300,000
Andrew W Brown
Hutchins Scott & M Liv Trust
Grant Deed
$240,000 · Hutchins Scott & M Liv Tr (rt)
Aug 6, 2012
—
Hutchins Scott & Melody Liv Trust
Hutchins,scott & Melody
Quit Claim Deed
related
—
Jul 26, 2011
$150,000
Scott Hutchins
Santa Lucia Bk
Grant Deed
—
Jun 28, 2011
—
Santa Lucia Bk
Jordan Family 2000 Trust
Grant Deed
—
Jun 25, 2001
$134,000
Jordan Trust
Plaetke,harold
Grant Deed
$107,150 · San Luis Trust Bank
Apr 16, 1998
$69,000
Harold Plaetke
Irene Z Blair Estate
Grant Deed
$65,500 · Home Savings Of America
Mar 22, 1995
—
Blair Trust
Blair,irene Z
Quit Claim Deed
related
—
—
—
Jordan,tr
—
Deed Of Trust
related
$50,000 · Santa Lucia Bank
—
—
Jordan Family 2000 Trust
—
Deed Of Trust
related
$250,000 · Santa Lucia 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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