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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Investment properties
986 Walnut St San Luis Obispo, CA 93401-2727
Individually Owned
2-yr Hold
Property ID
US09-1076641
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1947
Construction
WOOD
Total area
1,241 SF
Lot
0.14 ac (6,000 SF)
Zoning code
O
APN
001-203-016
UPID
US09-1076641
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
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$672k
Blend (final)
Blend
$820k
Owner & transaction history
Samuel Phillip Lossing Logan · 2 yrs held
Samuel Phillip Lossing Logan
since 2024
Last sale
$820,000
7 recorded transactions
Zoning & alternative use
O · San Luis Obispo, 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 San Luis Obispo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Luis Obispo 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
$820,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$655,000
Current use
AUTO REPAIR, GARAGE
$565,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$565,000
Change: -14% · Conversion: Easy
MEDICAL BUILDING
$530,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $820k (Feb 23 2024)
Last sale anchor
$820k
Feb 23 2024
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
$661 / 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
$3,170
Tax year 2024
Assessed value
$293,814
Assessed 2024
Previous assessed
$293,814
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$210,951
Assessed improvement
$82,863
Applied tax rate
3.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1947
Construction
WOOD
Heating
YES
Rooms
5
Bathrooms
1
Total area
1,241 SF
Lot
0.14 ac (6,000 SF)
Zoning code
O
APN
001-203-016
UPID
US09-1076641
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
O · San Luis Obispo, CA
Zoning O · permitted uses
O · San Luis Obispo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Luis Obispo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$565,000
OFFICE BUILDING
Est. value
$565,000
MEDICAL BUILDING
Est. value
$530,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1947
Construction
WOOD
Heating
YES
Rooms
5
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Samuel Phillip Lossing Logan
Individual
Mailing address
986 WALNUT ST, SAN LUIS OBISPO, CA 93401-2727
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2026
—
Samuel Phillip Logan
—
Deed
related
$665,750 · Crosscountry Mortgage LLC
Feb 23, 2024
$820,000
Samuel Phillip Lossing Logan
Marilyn G Odom
Grant Deed
$672,400 · Crosscountry Mortgage LLC
Jun 25, 2019
—
Odom,marilyn G Trust
Odom,marilyn G
Quit Claim Deed
related
—
Aug 24, 1999
$145,000
Marilyn G Odom
Odom,john R & Emma M
Grant Deed
related
—
May 10, 1999
$154,500
John R Odom
Marion Trust
Grant Deed
—
Mar 30, 1995
—
Marion Trust
Marion,orvalinea L
Quit Claim Deed
related
—
Mar 29, 1995
—
Orvalinea L Marion
Marion Trust
Quit Claim Deed
related
—
—
—
Marilyn G Odom
—
Deed Of Trust
related
$250,000 · Bank Of America
—
—
Marilyn G Odom
—
Deed Of Trust
related
$21,000 · Union Bank Of California
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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