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Property profile & analytics
OFF-MARKET
Industrial land
985 Sheridan Rd, Arroyo Grande, CA 93420-5834
Trust Owned
8-yr Hold
Free & Clear
Property ID
US09-1767132
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
3.34 ac (145,490 SF)
Zoning code
IND
APN
091-193-042
UPID
US09-1767132
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Papich,jason & April Family Trust · 8 yrs held
Papich,jason & April Family Trust
since 2018
7 recorded transactions
Zoning & alternative use
IND · Arroyo Grande, 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 Arroyo Grande submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arroyo Grande 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
$7,607
Tax year 2024
Assessed value
$725,086
Assessed 2024
Previous assessed
$725,086
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$725,086
Applied tax rate
52.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
3.34 ac (145,490 SF)
Zoning code
IND
APN
091-193-042
UPID
US09-1767132
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
IND · Arroyo Grande, CA
Zoning IND · permitted uses
IND · Arroyo Grande, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arroyo Grande. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
3.34 ac
Current owner
From public records · entity-resolved
Papich,jason & April Family Trust
Trust
Free & Clear · 8 yrs held
Mailing address
PO BOX 810, ARROYO GRANDE, CA 93421-0810
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2018
$650,000
Papich,jason & April Family Trust
Brackett Family Trust
Grant Deed
—
Jun 27, 2018
—
Ruth E Brackett
Brackett,ruth E
Quit Claim Deed
related
—
Oct 29, 2007
—
Brackett Family Trust
Brackett,malcom J & Ruth E
Quit Claim Deed
related
—
Feb 8, 2001
—
Brackett Trust
Brackett,malcolm J & Ruth E
Quit Claim Deed
related
—
Nov 13, 1998
$120,000
Malcom J Brackett
Recycling Co
Grant Deed
—
Jul 1, 1998
$31,990
Recycling Co
Loyd's Baling INC
Grant Deed
—
May 4, 1993
$29,500
Loyd's Baling INC
Brackett,malcolm
Grant Deed
$40,000 · Seller
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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