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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office buildings
8425 Morro Rd Atascadero, CA 93422-3922
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1339532
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1946
Construction
WOOD
Total area
1,260 SF
Lot
0.39 ac (16,920 SF)
Zoning code
CP
APN
031-302-013
UPID
US09-1339532
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
$620k
CAP Approach
CAP
$385k
Comparable Approach
Comparable
$533k
Blend (final)
Blend
$575k
Owner & transaction history
8425 Morro Rd LLC · 3 yrs held
8425 Morro Rd LLC
since 2023
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
CP · Atascadero, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
320 Purposes of the nonresidential zoning districts. § 9-3.330 Nonresidential district allowable land uses. § 9-3.331 Mixed-use residential density. § 9-3.340 Property development standards. § 9-3.341 CN Zone. § 9-3.342 CP Zone. § 9-3.343 CR Zone. § 9-3.344 CS Zone. § 9-3.345 CT Zone. § 9-3.346 CPK Zone. § 9-3.347 DC/DO Zone. § 9-3.348 IP Zone. § 9-3.349 I Z…
Zone name
Commercial Professional
General category
COMMERCIAL
Zone area
44.88 ac
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 Atascadero submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atascadero 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
$615,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
$415,000
6.5%
$385,000
7%
$355,000
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $550k (Feb 1 2023)
Last sale anchor
$550k
Feb 1 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
$456 / 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
$6,814
Tax year 2024
Assessed value
$561,000
Assessed 2024
Previous assessed
$561,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$362,100
Assessed improvement
$198,900
Applied tax rate
7.0000
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
1946
Construction
WOOD
Heating
NONE
Total area
1,260 SF
Lot
0.39 ac (16,920 SF)
Zoning code
CP
APN
031-302-013
UPID
US09-1339532
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CP · Atascadero, CAZoning CP · permitted uses
CP · Atascadero, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
320 Purposes of the nonresidential zoning districts. § 9-3.330 Nonresidential district allowable land uses. § 9-3.331 Mixed-use residential density. § 9-3.340 Property development standards. § 9-3.341 CN Zone. § 9-3.342 CP Zone. § 9-3.343 CR Zone. § 9-3.344 CS Zone. § 9-3.345 CT Zone. § 9-3.346 CPK Zone. § 9-3.347 DC/DO Zone. § 9-3.348 IP Zone. § 9-3.349 I Zone. Article 4 Public Zoning Districts § 9-3.410 Intent. § 9-3.420 Purposes of the
Zone name
Commercial Professional
General category
COMMERCIAL
Zone area
44.88 ac
Building & site characteristics
From public records
Year built
1946
Construction
WOOD
Heating
NONE
Lot
0.39 ac
Current owner
From public records · entity-resolved
8425 Morro Rd LLC
Entity
Mailing address
8415 MORRO RD, ATASCADERO, CA 93422-3922
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2023
$550,000
8425 Morro Rd LLC
Samuel Ramirez
Grant Deed
$412,500 · Community West Bank NA
Mar 10, 2021
$450,000
Samuel Ramirez
Philip Lewis Peterson
Grant Deed
$360,000 · The Philip Lewis Peterson Trust Liv
Mar 10, 2021
—
Samuel Ramirez
Michelle Ramirez Neeley
Intrafamily Transfer
related
—
Aug 3, 2017
—
Buban,ray M Trust
Buban,ray M
Quit Claim Deed
related
—
Apr 25, 2014
—
Peterson,philip L 2014 Liv Trust
Peterson,philip L
Quit Claim Deed
related
—
Jun 15, 2010
$60,000
Philip L Peterson
Peterson,philip L
Grant Deed
related
—
Jun 14, 2010
—
Philip L Peterson
Riggle,mary L
Grant Deed
related
—
Dec 12, 1989
$140,000
Mark L Beem
Madrid,john R
Trustees Deed
$100,000 · Home Savings Of America
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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