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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Office buildings
894 Meinecke Ave Ste A San Luis Obispo, CA 93405-1790
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1328859
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1978
Construction
WOOD
Total area
4,898 SF
Lot
0.31 ac (13,504 SF)
Zoning code
O
APN
052-174-044
UPID
US09-1328859
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
-
Salas O'Brien Telecommunications Service
-
Julie L. Mcsorley, PT Physician
-
Aspire Physical Therapy Medical Clinic
-
Amanda Parreira, O.D. Physician
-
Vision Source Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$900k
Owner & transaction history
Mark Anderson · 5 yrs held
Mark Anderson
since 2021
Last sale
$742,500
7 recorded transactions
Zoning & alternative use
O · San Luis Obispo, 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 San Luis Obispo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Luis Obispo 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
$970,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $743k (Mar 10 2021)
Last sale anchor
$743k
Mar 10 2021
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
$184 / 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
$15,181
Tax year 2024
Assessed value
$1,373,660
Assessed 2024
Previous assessed
$1,373,660
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$734,996
Assessed improvement
$638,664
Applied tax rate
3.0000
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
1978
Construction
WOOD
Heating
NONE
Rooms
1
Bathrooms
3
Total area
4,898 SF
Lot
0.31 ac (13,504 SF)
Zoning code
O
APN
052-174-044
UPID
US09-1328859
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
O · San Luis Obispo, CA
Zoning O · permitted uses
O · San Luis Obispo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Luis Obispo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
WOOD
Heating
NONE
Rooms
1
Bathrooms
3
Lot
0.31 ac
Current owner
From public records · entity-resolved
Mark Anderson
Individual
Mailing address
798 PALM ST, SAN LUIS OBISPO, CA 93401-3522
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2021
$742,500
Mark Anderson
John Rossetti
Grant Deed
$846,000 · Sesloc FCU
Mar 10, 2021
—
Mark Anderson
Mark Anderson
Intrafamily Transfer
related
—
Jun 4, 2019
—
Mark Anderson
894 Meinecke LLC
Correction Deed
related
—
Apr 29, 2019
—
Anderson,mark & Tracy Trust
Anderson,mark
Quit Claim Deed
related
—
Mar 13, 2019
—
Mark Anderson
894 Meineke LLC
Grant Deed
$440,000 · Sesloc FCU
Feb 25, 2003
—
894 Meinecke LLC
Anderson,mark
Grant Deed
related
—
Jul 2, 2002
$825,000
Mark Anderson
Howard Trust
Grant Deed
$587,500 · Heritage Oaks Bank
Jul 2, 2002
—
Mark Anderson
Anderson,tracy
Quit Claim Deed
related
—
Jan 13, 1999
—
Howard Trust
Howard,walter D
Quit Claim Deed
related
—
Dec 16, 1998
$540,000
Walter D Howard
Juhl Trust
Grant Deed
$320,000 · Westamerica Bank
—
—
894 Meinecke LLC
—
Loan Modification
related
$491,030 · Rabobank
—
—
894 Meinecke LLC
—
Deed Of Trust
related
$587,000 · Mid-state Bank & Trust Co
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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