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Property profile & analytics
OFF-MARKET
Office Spaces
895 Shasta Ave Morro Bay, CA 93442-1932
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1364775
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1985
Construction
WOOD
Total area
1,470 SF
Lot
0.03 ac (1,307 SF)
Zoning code
GO
APN
066-066-017
UPID
US09-1364775
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
-
Novy III Frederick MD Physician Medical Clinic
-
Ross | Carreiro | Brown CPAs, P.C. Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
George G Ross III · 7 yrs held
George G Ross III
since 2019
6 recorded transactions
Zoning & alternative use
GO · Morro Bay, CA
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 Morro Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morro Bay 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,104
Tax year 2024
Assessed value
$552,287
Assessed 2024
Previous assessed
$552,287
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$218,727
Assessed improvement
$333,560
Applied tax rate
6.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Total area
1,470 SF
Lot
0.03 ac (1,307 SF)
Zoning code
GO
APN
066-066-017
UPID
US09-1364775
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
GO · Morro Bay, CAZoning GO · permitted uses
GO · Morro Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
NONE
Lot
0.03 ac
Current owner
From public records · entity-resolved
George G Ross III
Individual
Mailing address
2655 ROSS RD, SAN LUIS OBISPO, CA 93405-7886
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Jan 3, 2022
—
Tiffany Smart
—
Deed
related
$350,000 · Sesloc FCU
Apr 19, 2019
$505,000
George G Ross III
Novy Frederick G Trust
Grant Deed
$405,000 · Novy Frederick G Trust (pt)
Apr 19, 2019
—
George G Ross III
Calista E Ross
Quit Claim Deed
related
$405,000 · Novy Frederick G Trust (pt)
Dec 18, 2018
—
Novy,frederick G Trust
Novy,frederick G
Quit Claim Deed
related
—
Sep 19, 2018
—
Novy,frederick G Trust
Novy,frederick G
Quit Claim Deed
related
—
Feb 21, 2018
—
Frederick G Novy
Novy Frederick G Trust
Quit Claim Deed
related
—
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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