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Property profile & analytics
OFF-MARKET
Commercial land
978 Quintana Rd Morro Bay, CA 93442-2357
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5193530
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.2 ac (8,712 SF)
Zoning code
C2
APN
066-081-043
UPID
US09-5193530
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
-
Airport Pump House Bar & Pub
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
Miguel Martinez · 10 yrs held
Miguel Martinez
since 2015
6 recorded transactions
Zoning & alternative use
C2 · 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
$2,350
Tax year 2024
Assessed value
$212,658
Assessed 2024
Previous assessed
$212,658
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$201,937
Assessed improvement
$10,721
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.2 ac (8,712 SF)
Zoning code
C2
APN
066-081-043
UPID
US09-5193530
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
C2 · Morro Bay, CAZoning C2 · permitted uses
C2 · 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
Heating
NONE
Lot
0.2 ac
Current owner
From public records · entity-resolved
Miguel Martinez
Individual
Mailing address
1806 7TH ST, LOS OSOS, CA 93402-2706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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 10, 2015
$184,500
Miguel Martinez
Held Smith W & H W Trust
Grant Deed
$72,104 · Held Smith W & H W Tr (pt)
Sep 26, 2014
$164,500
Miguel Martinez
Founders Cmnty Bk
Grant Deed
—
Jul 8, 2009
$1,045,000
Founders Community Bank
California & Pacific Oak
Trustees Deed
related
—
Oct 12, 2007
—
Cameron Realty Partners LLC
—
Trustees Deed
related
$1,338,000 · Founders Cmnty Bk
—
—
Cameron Realty Partners LLC
—
Deed Of Trust
related
$100,000 · William H & Cheryl Swanson
—
—
Cameron Realty Partners LLC
—
Deed Of Trust
related
$328,000 · Founders Cmnty Bk
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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