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Property profile & analytics
OFF-MARKET
Estimated value
$2,775,000
Warehouses
998 Huston St Grover Beach, CA 93433-3114
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5109303
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
TILT-UP CONCRETE
Total area
18,159 SF
Lot
0.85 ac (37,095 SF)
Zoning code
LM
APN
060-545-039
UPID
US09-5109303
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
$3.17M
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$2.78M
Owner & transaction history
Dmm Venture Group LLC · 7 yrs held
Dmm Venture Group LLC
since 2019
7 recorded transactions
Zoning & alternative use
LM · 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%
$3,435,000
6.5%
$3,170,000
7%
$2,945,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,470,000
Current use
Blend value · Realmo final
$2.78M
Range $2.50M – $3.05M · ±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
$153 / 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
$47,779
Tax year 2024
Assessed value
$4,172,257
Assessed 2024
Previous assessed
$4,172,257
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,367,057
Assessed improvement
$2,805,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
18,159 SF
Lot
0.85 ac (37,095 SF)
Zoning code
LM
APN
060-545-039
UPID
US09-5109303
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
LM · Grover Beach, CAZoning LM · permitted uses
LM · Grover Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.5M
WAREHOUSE, STORAGE Current
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
2004
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.85 ac
Current owner
From public records · entity-resolved
Dmm Venture Group LLC
Entity
Mailing address
7510 LOS OSOS VLY RD, SAN LUIS OBISPO, CA 93405-7833
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Apr 21, 2022
—
998 & 1030 Partners LLC
—
Deed
related
$2,100,000 · Og Investors LLC
Feb 24, 2022
—
998 & 1030 Partners LLC
—
Deed
related
$2,300,000 · Fallbrook Mortgage Fund LLC
May 29, 2019
—
Dmm Venture Group LLC
Dmm Capital Group LLC
Quit Claim Deed
related
—
May 29, 2019
$7,625,000
998 & 1030 Partners LLC
Dmm Venture Group LLC
Trustees Deed
$2,450,000 · Collier Point Capital LLC
Feb 4, 2019
—
Dmm Venture Group LLC
—
Grant Deed
related
$4,900,000 · Patricia Ingoglia Ira
Jun 6, 2018
—
Dmm Capital Group LLC
Dmm Venture Group LLC
Quit Claim Deed
related
—
Oct 18, 2017
$6,400,000
Dmm Venture Group LLC
Ellsworth,coker
Grant Deed
$4,500,000 · Downtown Live LLC
Aug 20, 2014
—
Coker Ellsworth Development
Grover Business Park LLC
Grant Deed
related
—
—
—
Grover Business Park LLC
—
Deed Of Trust
related
$1,010,360 · Mission 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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