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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Industrial properties
825 Riverside Ave Ste 12 Paso Robles, CA 93446-2676
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3108957
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1981
Construction
WOOD
Total area
1,819 SF
Lot
0.03 ac (1,307 SF)
Zoning code
RSC
APN
009-157-016
UPID
US10-3108957
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
$530k
CAP Approach
CAP
$320k
Comparable Approach
Comparable
$541k
Blend (final)
Blend
$530k
Owner & transaction history
Nicholas J Nolan · 2 yrs held
Nicholas J Nolan
since 2024
Last sale
$530,000
7 recorded transactions
Zoning & alternative use
RSC · Paso Robles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$830,000
+8.6%
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
$530,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$345,000
6.5%
$320,000
7%
$295,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$765,000
Current use
AUTO REPAIR, GARAGE
$830,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$745,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $530k (Apr 22 2024)
Last sale anchor
$530k
Apr 22 2024
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
$291 / 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
$3,720
Tax year 2024
Assessed value
$334,652
Assessed 2024
Previous assessed
$334,652
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$133,860
Assessed improvement
$200,792
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
NONE
Rooms
3
Total area
1,819 SF
Lot
0.03 ac (1,307 SF)
Zoning code
RSC
APN
009-157-016
UPID
US10-3108957
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
RSC · Paso Robles, CA
Zoning RSC · permitted uses
RSC · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$830,000
MEDICAL BUILDING
Est. value
$745,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL 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
1981
Construction
WOOD
Heating
NONE
Rooms
3
Lot
0.03 ac
Current owner
From public records · entity-resolved
Nicholas J Nolan
Individual
Mailing address
2419 WINDING BRK RD, PASO ROBLES, CA 93446-4724
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2024
$530,000
Nicholas J Nolan
Brian M Sturgeon
Grant Deed
$477,000 · Jpmorgan Chase Bank NA
Apr 22, 2024
—
Nicholas J Nolan
Erica M Nolan
Intrafamily Transfer
related
—
Oct 28, 2021
—
Brian M Sturgeon
—
Deed
related
$270,000 · Sesloc FCU
Jul 28, 2017
$300,000
Brian M Sturgeon
Toedter W H & P J Trust
Grant Deed
$293,000 · Bank Of The Sierra
Jan 9, 2009
$262,000
Toedter W H & P J Living Trust
Keller L S & M A Family Trust
Grant Deed
$212,000 · Keller L S & M A Family Trust
May 17, 2007
—
Keller L S & M A Family Trust
Ehrke,scott & Janet
Grant Deed
—
Oct 29, 2004
$125,000
Scott Ehrke
Running,john G
Grant Deed
—
Apr 3, 1998
—
John G Running
Running,suzanne
Quit Claim Deed
related
—
Apr 3, 1998
$66,000
Running,john G
Cruickshank,roy W
Trustees Deed
—
Apr 4, 1995
$6,000
Roy W Cruickshank
Rouch,bill D & Lynne N
Grant Deed
related
—
—
—
Toedter,william H & P J Liv Trust
—
Deed Of Trust
related
$4,600,000 · Bank Of Maumee
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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