Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Warehouses
861 4th St Grover Beach, CA 93433-3010
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1851109
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
WOOD
Total area
5,036 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CI
APN
060-541-014
UPID
US10-1851109
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
$895k
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$865k
Owner & transaction history
Ronald L Ritter · 2 yrs held
Ronald L Ritter
since 2023
Last sale
$819,000
7 recorded transactions
Zoning & alternative use
CI · Grover Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Industrial Zones. Industrial zones include the following zones: I, CI, and CIC. Inflatable Sign. Any air or gas filled device located, attached, or tethered to the ground, site, merchandise, building, or roof and used for the purpose of signage, advertising or attention-getting. Legal Nonconforming Sign. A sign which was legal when first erected, with all ne…
Zone name
Coastal Industrial
General category
INDUSTRIAL
Zone area
19.38 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 Grover Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grover Beach 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
$915,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$880,000
7%
$815,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$965,000
Current use
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $819k (Dec 5 2023)
Last sale anchor
$819k
Dec 5 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
$172 / 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
$12,319
Tax year 2024
Assessed value
$1,075,755
Assessed 2024
Previous assessed
$1,075,755
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$525,399
Assessed improvement
$550,356
Applied tax rate
5.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
NONE
Total area
5,036 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CI
APN
060-541-014
UPID
US10-1851109
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CI · Grover Beach, CAZoning CI · permitted uses
CI · Grover Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Industrial Zones. Industrial zones include the following zones: I, CI, and CIC. Inflatable Sign. Any air or gas filled device located, attached, or tethered to the ground, site, merchandise, building, or roof and used for the purpose of signage, advertising or attention-getting. Legal Nonconforming Sign. A sign which was legal when first erected, with all necessary permits, but due to a change in the law it became nonconforming (inconsistent with the current requirements of this
Zone name
Coastal Industrial
General category
INDUSTRIAL
Zone area
19.38 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$965,000
WAREHOUSE, STORAGE Current
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
1977
Construction
WOOD
Heating
NONE
Lot
0.29 ac
Current owner
From public records · entity-resolved
Ronald L Ritter
Individual
Mailing address
258 RODEO DR, ARROYO GRANDE, CA 93420-2676
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
—
Ronald L Ritter
Ronald L Ritter
Intrafamily Transfer
related
—
Aug 9, 2019
—
Ronald L Ritter
—
Deed
related
$1,200,000 · Pacific Premier Bk
Jul 8, 2015
—
Ritter,ronald & Viola Fam Trust
Ritter,viola K
Quit Claim Deed
related
—
Mar 30, 2007
—
Rex P Springer
Mid State Plumbing & Drain
Quit Claim Deed
related
—
Mar 30, 2007
$819,000
Viola K Ritter
Springer,rex P & Colleen M
Grant Deed
—
Apr 22, 2005
$550,000
Rex P Springer
Landmark Ents
Grant Deed
$495,000 · Coast National Bank
—
—
Ronald L Ritter
—
Loan Modification
related
$1,200,000 · Pacific Premier Bk
—
—
Rex P Springer
—
Deed Of Trust
related
$555,000 · Mid-state Bank & Trust Co
—
—
Viola K Ritter
—
Deed Of Trust
related
$780,000 · 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.
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?”
You own 861 4th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
