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Property profile & analytics
OFF-MARKET
Estimated value
$1,820,000
Medical Office Space
880 Oak Park Blvd Arroyo Grande, CA 93420-1821
Trust Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1191475
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Construction
WOOD
Total area
8,528 SF
Lot
0.42 ac (18,295 SF)
Zoning code
PD
APN
007-771-074
UPID
US09-1191475
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$1.82M
Owner & transaction history
Sheppel,russell M 2010 Trust · 11 yrs held
Sheppel,russell M 2010 Trust
since 2015
7 recorded transactions
Zoning & alternative use
PD · Arroyo Grande, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of establishing these districts has been to grant or require diversification in the location of structures and other site elements which were believed to be appropriately compatible, while ensuring adequate standards relating to the public health, safety, welfare, comfort and convenience
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
851.93 ac
Source
Realmo
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 Arroyo Grande submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arroyo Grande 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.82M
Range $1.64M – $2.00M · ±10%
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
$213 / 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
$16,637
Tax year 2024
Assessed value
$1,576,708
Assessed 2024
Previous assessed
$1,576,708
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$426,586
Assessed improvement
$1,150,122
Applied tax rate
1.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
NONE
Total area
8,528 SF
Lot
0.42 ac (18,295 SF)
Zoning code
PD
APN
007-771-074
UPID
US09-1191475
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
PD · Arroyo Grande, CAZoning PD · permitted uses
PD · Arroyo Grande, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of establishing these districts has been to grant or require diversification in the location of structures and other site elements which were believed to be appropriately compatible, while ensuring adequate standards relating to the public health, safety, welfare, comfort and convenience
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
851.93 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1994
Construction
WOOD
Heating
NONE
Lot
0.42 ac
Current owner
From public records · entity-resolved
Sheppel,russell M 2010 Trust
Trust
Mailing address
117 BERNAL RD STE #70, SAN JOSE, CA 95119-1375
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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 11, 2021
—
Russell M Sheppel
—
Deed
related
$1,610,000 · Symetra Life Insurance Co
Jul 16, 2015
—
Sheppel,russell M 2010 Trust
Sheppel Living Trust
Quit Claim Deed
related
$1,500,000 · Kinecta FCU
Dec 30, 1993
$140,000
Russell M Sheppel
Sheppel Trust
Grant Deed
related
—
Mar 9, 1989
$276,000
R M Sheppel
James,way Ctr
Grant Deed
$193,200
—
—
Sheppel Living Trust
—
Deed Of Trust
related
$100,000 · Coast National Bank
—
—
Sheppel Living Trust
—
Deed Of Trust
related
$100,000 · Coast National Bank
—
—
Sheppel Living Trust
—
Deed Of Trust
related
$500,000 · Heritage Oaks Bank
—
—
Russell M Sheppel
—
Deed Of Trust
related
$1,137,500 · Commerce Bank San Luis Obispo
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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