Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    861 Frnt St Grover Beach, CA 93433-1253
    Back to Search
    Property profile & analytics

    861 Frnt St, Grover Beach, CA 93433-1253

    View on Map
    • Apartment buildings
    • 5,658 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Jun 18, 2024
    $1,700,000
    Property ID
    US09-3790784
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,700,000
    Show details
    Cap Rate Potential
    6.4%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 861 Frnt St

    Year built
    1978
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Zone code
    R3
    Property type
    Apartment buildings
    APN
    060-481-002
    APU
    60481002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 18, 2024 — Grant D Elwood Grant D Elwood Intrafamily Transfer · related —
    May 14, 2020 $1,700,000 Elwood Family Trust Simmons Family Trust Grant Deed —
    Dec 18, 2019 — Simmons Family Trust — Deed · related $250k · John Sarad
    Jan 19, 2017 — Theodore M Simmons III Theodore M Simmons III Intrafamily Transfer · related $500k · Jpmorgan Chase Bank NA
    May 26, 2006 — Louise R Dechert Ranelletti Family Grant Deed · related —
    Jun 29, 1998 — Ranelletti Family LP Ranelletti Trust Quit Claim Deed · related —
    — — Simmons Family Trust — Deed Of Trust · related $250k · John Sarad
    — — Simmons Family Trust — Deed Of Trust · related $400k · Santa Barbara Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,700,000
      ML approach
      $1,700,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,820,000
      6.5%
      $1,680,000
      7%
      $1,560,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,310,000
      Market price range: $936k - $3.72M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,095,000
      Current use
      AUTO REPAIR, GARAGE
      $2,585,000
      Change: +23% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,575,000
      Change: +23% Conversion: Moderate
      MEDICAL BUILDING
      $2,325,000
      Change: +11% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $2,235,000
      Change: +7% Conversion: Difficult
      OFFICE BUILDING
      $2,175,000
      Change: +4% Conversion: Moderate
      RETAIL STORES
      $2,085,000
      Change: -1% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grover Beach
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.631
    Latitude
    35.1309
    CBSA code
    42020
    CBSA name
    SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $15,348
    $428,879
    $911,371
    $1,340,250
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,260,000
      5,236 SF

      875 Longbranch Ave

      APARTMENT HOUSE (5+ UNITS)
      875 Longbranch Ave, Grover Beach, CA 93433-2442
      View Details
    • Value Estimation
      $1,045,000
      6,142 SF

      1471 Ramona Ave

      APARTMENT HOUSE (5+ UNITS)
      1471 Ramona Ave, Grover Beach, CA 93433-3301
      View Details
    • Value Estimation by Request
      1,863 SF

      961 13th St

      APARTMENT HOUSE (5+ UNITS)
      961 13th St, Grover Beach, CA 93433-3830
      View Details
    • Value Estimation by Request
      3,104 SF

      1489 Brighton Ave

      APARTMENT HOUSE (5+ UNITS)
      1489 Brighton Ave, Grover Beach, CA 93433-1834
      View Details
    • Value Estimation by Request
      1,600 SF

      189 2nd St

      APARTMENT HOUSE (5+ UNITS)
      189 2nd St, Grover Beach, CA 93433-1956
      View Details
    • Value Estimation
      $560,000
      3,600 SF

      154 7th St

      APARTMENT HOUSE (5+ UNITS)
      154 7th St, Grover Beach, CA 93433-2052
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Grover Beach Four-Unit Apartment Building

      Four-unit apartment building in Grover Beach, built in 1976.
      956 S 13Th St, Grover Beach, CA 93433
      View Details
    • Contact for pricing

      Grover Beach Multifamily Property

      Updated duplex with potential for a third unit near the beach.
      241 S 10Th St, Grover Beach, CA 93433
      View Details
    • $995,000
      1,476 SF

      Grover Beach Duplex Investment Opportunity

      Duplex in Grover Beach with future development potential.
      261 N 13Th St, Grover Beach, CA 93433
      View Details
    • $1,249,000
      3,604 SF

      Grover Beach Four-Unit Apartment Building

      Four-unit apartment building in Grover Beach, being sold as-is.
      956 S 13Th St, Grover Beach, CA 93433
      View Details
    • $1,235,000
      1,799 SF

      Updated Home Near Grover Beach

      Updated 3-bedroom home near the beach with flexible living spaces.
      363 N 5Th St, Grover Beach, CA 93433
      View Details
    • $900,000

      Grover Beach Duplex with Garages

      Well-maintained duplex in Grover Beach near shopping and beaches.
      359 N 3Rd St, Grover Beach, CA 93433
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      947 SF

      Grover Beach Commercial Lease Opportunity

      New commercial condos available for lease in Grover Beach, CA.
      401 W Grand Ave, Grover Beach, CA 93433
      View Details
    • $3 SF/Yr
      1,584 SF

      Grover Beach Commercial Lease Opportunity

      Commercial condos in a new luxury development, ideal for retail.
      197 W Grand Ave, Grover Beach, CA 93433
      View Details
    • $3 SF/Yr

      Retail Space in New Development

      Commercial condos in a modern luxury development, ideal for retail.
      197 W Grand Ave, Grover Beach, CA 93433
      View Details
    • Contact for pricing
      7,260 SF

      Grover Beach Industrial/Office Space

      Industrial and office space available for lease in Grover Beach.
      390 Manhattan Ave, Grover Beach, CA 93433
      View Details
    • Contact for pricing
      2,865 SF

      Grover Beach Commercial Lease Opportunity

      New commercial condos in luxury development, ideal for retail.
      401 W Grand Ave, Grover Beach, CA 93433
      View Details
    • $500 /Mo

      Industrial Yard Space For Lease

      0.73 acre industrial yard space for lease.
      978 Griffin St, Grover Beach, CA 93433
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    861 Frnt St
    Grover Beach, CA 93433-1253
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    861 Frnt St, Grover Beach, CA, 93433
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!