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Property profile & analytics
OFF-MARKET
Estimated value
$2,985,000
Warehouses
884 Farroll Rd Grover Beach, CA 93433-2748
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2453630
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1941
Construction
WOOD
Total area
872 SF
Lot
0.89 ac (38,754 SF)
Zoning code
LM
APN
060-545-001
UPID
US09-2453630
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
$2.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.99M
Owner & transaction history
Grover Beach Storage I LLC · 3 yrs held
Grover Beach Storage I LLC
since 2022
Last sale
$3.4M
6 recorded transactions
Zoning & alternative use
LM · Grover Beach, 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 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
$2,510,000
ML approach
$2,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.99M
Range $2.69M – $3.28M · ±10% · vs last sale $3.36M (Nov 17 2022)
Last sale anchor
$3.36M
Nov 17 2022
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
$3,423 / 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
$20,383
Tax year 2024
Assessed value
$1,779,900
Assessed 2024
Previous assessed
$1,779,900
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,683,000
Assessed improvement
$96,900
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1941
Construction
WOOD
Heating
NONE
Total area
872 SF
Lot
0.89 ac (38,754 SF)
Zoning code
LM
APN
060-545-001
UPID
US09-2453630
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
LM · Grover Beach, CAZoning LM · permitted uses
LM · Grover Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1941
Construction
WOOD
Heating
NONE
Lot
0.89 ac
Current owner
From public records · entity-resolved
Grover Beach Storage I LLC
Entity
Mailing address
5500 LA JOLLA BLVD #613, LA JOLLA, CA 92037-7611
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2022
$3,357,500
Grover Beach Storage I LLC
Local Lockit LLC
Grant Deed
$1,821,000 · Denver Savings Bank
Jun 24, 2013
—
Local Lockit LLC
Richardson H F Living Trust
Grant Deed
—
Jan 31, 2000
$950,000
Richardson Trust
Stults Trust
Grant Deed
$250,000 · Seller
Jan 4, 1996
—
Stults Trust
Stults,walter G & Sharron E
Quit Claim Deed
related
—
Sep 21, 1995
$666,945
Walter G Stults
Palm,kenneth E & Marie E
Grant Deed
—
Jul 10, 1990
$725,000
Palm Kenneth E
Stults,walter G
Grant Deed
related
$700,000 · Seller
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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