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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Office buildings
8838 Morro Rd Atascadero, CA 93422-3953
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0175688
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2007
Construction
WOOD
Total area
2,640 SF
Lot
0.1 ac (4,351 SF)
Zoning code
CR
APN
031-291-036
UPID
US09-0175688
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
-
Diosa Hair Studio Hair Salon
-
Peaceofmind-massage-morrobay Alternative Medicine Practice Spa & Massage Center
-
Danican Inc. Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$976k
Blend (final)
Blend
$710k
Owner & transaction history
Dove Pond LLC · 2 yrs held
Dove Pond LLC
since 2024
Last sale
$710,000
7 recorded transactions
Zoning & alternative use
CR · Atascadero, 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 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
$710,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$805,000
7%
$750,000
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $710k (Jan 19 2024)
Last sale anchor
$710k
Jan 19 2024
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
$269 / 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
$7,227
Tax year 2024
Assessed value
$598,230
Assessed 2024
Previous assessed
$598,230
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$130,050
Assessed improvement
$468,180
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
NONE
Total area
2,640 SF
Lot
0.1 ac (4,351 SF)
Zoning code
CR
APN
031-291-036
UPID
US09-0175688
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CR · Atascadero, CA
Zoning CR · permitted uses
CR · Atascadero, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atascadero. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
NONE
Lot
0.1 ac
Current owner
From public records · entity-resolved
Dove Pond LLC
Entity
Mailing address
2510 DOVE POND RD, TEMPLETON, CA 93465-8731
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jan 19, 2024
$710,000
Dove Pond LLC
South Winds LLC
Grant Deed
—
Nov 12, 2021
$575,000
South Winds LLC
Judith A Jump
Grant Deed
$325,000 · The Sneeden Family Trust
Dec 8, 2020
$525,000
Judith A Jump
Erj Ents LLC
Grant Deed
—
Oct 31, 2007
—
Compli LLC
Morro Road Homes LLC
Grant Deed
$318,750 · Heritage Oaks Bank
—
—
Erj Enterprises LLC
—
Loan Modification
related
—
—
—
Erj Enterprises LLC
—
Loan Modification
related
—
—
—
Compli LLC
—
Deed Of Trust
related
$400,000 · American Principle 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.
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