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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Manufacturing properties
941 Griffin St Grover Beach, CA 93433-3037
Trust Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1705451
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1992
Construction
TILT-UP CONCRETE
Total area
6,280 SF
Lot
0.95 ac (41,382 SF)
Zoning code
M
APN
060-545-003
UPID
US09-1705451
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
by Request
CAP Approach
CAP
$980k
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.07M
Owner & transaction history
Toste Trust · 15 yrs held
Toste Trust
since 2011
7 recorded transactions
Zoning & alternative use
M · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,065,000
6.5%
$980,000
7%
$910,000
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±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
$170 / 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
$8,160
Tax year 2024
Assessed value
$712,568
Assessed 2024
Previous assessed
$712,568
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$312,445
Assessed improvement
$400,123
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
6,280 SF
Lot
0.95 ac (41,382 SF)
Zoning code
M
APN
060-545-003
UPID
US09-1705451
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
M · Grover Beach, CAZoning M · permitted uses
M · 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
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.95 ac
Current owner
From public records · entity-resolved
Toste Trust
Trust
Mailing address
2651 GRN PL, ARROYO GRANDE, CA 93420-9645
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2016
—
Toste Trust
—
Deed
related
$202,792 · Dee Marvin Trust (pt)
Mar 23, 2011
—
Toste Trust
Toste,anthony E
Quit Claim Deed
related
—
Oct 5, 2010
—
Anthony E Toste
Toste,daniel
Quit Claim Deed
related
—
Sep 16, 2004
—
Daniel Toste
Toste,deanna
Quit Claim Deed
related
—
Sep 24, 1999
—
Toste Trust
Toste,daniel R & Deanna C
Quit Claim Deed
related
—
Sep 11, 1990
$175,000
Toste Daniel R
Duncan,louise J
Grant Deed
$100,000 · Mid State Bank
—
—
Anthoney T Toste
—
Deed Of Trust
related
$500,000 · Toste Deanna Family Trust
—
—
Toste Trust
—
Deed Of Trust
related
$202,792 · Dee Marvin Trust (pt)
—
—
Toste Trust
—
Deed Of Trust
related
$250,000 · Mcknight 1999 Family Trust(pt)
—
—
Anthony E Toste
—
Deed Of Trust
related
$250,000 · Mcknight Family 1999 Trust
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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