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Property profile & analytics
OFF-MARKET
Retail space
845 Napa Ave Morro Bay, CA 93442-1960
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1479950
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
WOOD
Total area
1,785 SF
Lot
0.08 ac (3,312 SF)
Zoning code
C1
APN
066-064-022
UPID
US09-1479950
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
-
9th Limb Yoga Gym & Fitness Center
-
Baan Thai Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
Massage Ease Alternative Medicine Practice Spa & Massage Center
-
Yogavahi Gym & Fitness Center
-
Roots To Locks Salon Hair Salon Nail Salon
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
Morro Bay Properties LLC · 4 yrs held
Morro Bay Properties LLC
since 2022
7 recorded transactions
Zoning & alternative use
C1 · Morro Bay, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
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
$6,221
Tax year 2024
Assessed value
$562,902
Assessed 2024
Previous assessed
$562,902
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$268,048
Assessed improvement
$294,854
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
NONE
Total area
1,785 SF
Lot
0.08 ac (3,312 SF)
Zoning code
C1
APN
066-064-022
UPID
US09-1479950
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
C1 · Morro Bay, CA
Zoning C1 · permitted uses
C1 · 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.
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
NONE
Lot
0.08 ac
Current owner
From public records · entity-resolved
Morro Bay Properties LLC
Entity
Mailing address
961 MESA ST, MORRO BAY, CA 93442-2622
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2022
—
Morro Bay Properties LLC
Eric Louis Dandurand
Grant Deed
$367,701 · Us Bank Trust Co NA
Jan 28, 2020
$525,000
Eric Louis Dandurand
Mwg Holdings Group INC
Grant Deed
$380,000 · Us Bank NA
Jul 25, 2018
—
Mwg Holdings LLC
—
Deed
related
$370,000 · Ruegg Eugenia Family Tr (pt)
Jul 11, 2018
$470,000
Mwg Holdings LLC
Mcconaghay Family Trust
Grant Deed
—
Jul 11, 2018
—
Mcconaghay Family Trust
Mcconaghay,robert E & Marjorie E
Affidavit Of Death
related
—
Mar 2, 1998
—
Mcconaghay Trust
Mcconaghay,robert E & Marjorie E
Quit Claim Deed
related
—
—
—
Mwg Holdings LLC
—
Deed Of Trust
related
$370,000 · Ruegg Eugenia Family Tr (pt)
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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