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Property profile & analytics
OFF-MARKET
Estimated value
$2,420,000
Medical Office Space
911 Oak Park Blvda Pismo Beach, CA 93449-3405
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3056637
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
WOOD
Total area
10,912 SF
Lot
1.01 ac (43,995 SF)
Zoning code
CG
APN
005-391-063
UPID
US09-3056637
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
-
Model Drug Pharmacy
-
Skow James R MD Physician
-
Dr. Brian O'Carroll DPM Physician
-
Kenneth A Peterson, OD Family Optometry Physician
-
Labcorp Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.26M
Blend (final)
Blend
$2.42M
Owner & transaction history
Pismo Medical Campus LLC · 12 yrs held
Pismo Medical Campus LLC
since 2013
3 recorded transactions
Zoning & alternative use
CG · Pismo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CG zoning district is applied to areas appropriate for pedestrian scale retail shopping, office, and personal service use
Zone name
General Commercial
General category
COMMERCIAL
Zone area
81.09 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 Pismo Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pismo 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,025,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.42M
Range $2.18M – $2.66M · ±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
$222 / 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
$23,992
Tax year 2024
Assessed value
$2,121,705
Assessed 2024
Previous assessed
$2,121,705
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$775,605
Assessed improvement
$1,346,100
Applied tax rate
4.0000
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
2002
Construction
WOOD
Heating
NONE
Total area
10,912 SF
Lot
1.01 ac (43,995 SF)
Zoning code
CG
APN
005-391-063
UPID
US09-3056637
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CG · Pismo Beach, CAZoning CG · permitted uses
CG · Pismo Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CG zoning district is applied to areas appropriate for pedestrian scale retail shopping, office, and personal service use
Zone name
General Commercial
General category
COMMERCIAL
Zone area
81.09 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$4.0M
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
WOOD
Heating
NONE
Lot
1.01 ac
Current owner
From public records · entity-resolved
Pismo Medical Campus LLC
Entity
Mailing address
3 QUAIL RUN CIR STE #103, SALINAS, CA 93907-2348
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2013
—
Pismo Medical Campus LLC
Pismo Medical Campus LLC
Quit Claim Deed
related
$6,000,000 · Rabobank
—
—
Pismo Medical Campus LLC
—
Deed Of Trust
related
$2,100,000 · First National Bank Central Ca
—
—
Pismo Medical Campus LLC
—
Deed Of Trust
related
$1,780,000 · First Natl Bank Of Central Ca
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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