Back to Search
Property profile & analytics
FOR SALE
Turn key restaurants
830 Embarcadero Morro Bay, CA 93442
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0609302
For Sale
1 / 73
$4,400,000
830 Embarcadero, Morro Bay, CA 93442
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1959
Construction
WOOD
Total area
1,521 SF
Lot
0.13 ac (5,663 SF)
Zoning code
VSC
APN
066-321-006
UPID
US09-0609302
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
-
Sun-N-Buns Bakery & Espresso Bar Bakery Specialty Food Shop
-
Bedrock Gallery Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$875k
Blend (final)
Blend
$1.21M
Owner & transaction history
Adam Krause · 2 yrs held
Adam Krause
since 2023
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
VSC · Morro Bay, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+40.2%
Commercial (general)
$795,000
+4.0%
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
$1,310,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$765,000
Current use
OFFICE BUILDING
$1,070,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$795,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.17M (Aug 4 2023)
Last sale anchor
$1.17M
Aug 4 2023
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
$796 / 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
$5,658
Tax year 2024
Assessed value
$512,001
Assessed 2024
Previous assessed
$512,001
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$441,394
Assessed improvement
$70,607
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1959
Construction
WOOD
Heating
NONE
Total area
1,521 SF
Lot
0.13 ac (5,663 SF)
Zoning code
VSC
APN
066-321-006
UPID
US09-0609302
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
VSC · Morro Bay, CA
Zoning VSC · permitted uses
VSC · Morro Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morro Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$765,000
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$795,000
RESTAURANT Current
OFFICE BUILDING
COMMERCIAL (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
1959
Construction
WOOD
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Adam Krause
Individual
Mailing address
94 SAINT MARY AVE, CAYUCOS, CA 93430-1124
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jan 14, 2025
—
Adam J Krouse
—
Deed
related
$60,000 · Friendly Recycling LLC
Aug 4, 2023
$1,170,000
Adam Krause
Roberta Archuleta
Grant Deed
$951,200 · Harvest Small Business Finance LLC
Aug 4, 2023
—
Clara Belle Yocum
Roberta Archuleta
Intrafamily Transfer
related
—
Feb 11, 2013
—
Polk Vicky Trust
Russell Bill Trust
Grant Deed
related
—
Mar 14, 2002
—
Cliff Trust
Yocum Trust
Grant Deed
related
—
Jan 25, 1991
$112,500
H L Yocum
H,l Yocum & Sons
Grant Deed
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.
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
