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Property profile & analytics
FOR LEASE
Retail space
999 Monterey St San Luis Obispo, CA 93401
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3044470
For Lease
1 / 8
$40.20 SF/Yr
999 Monterey St, San Luis Obispo, CA 93401
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
CONCRETE
Total area
61,720 SF
Lot
0.83 ac (36,155 SF)
Zoning code
CD
APN
002-431-010
UPID
US10-3044470
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
$15.43M
Comparable Approach
Comparable
$12.20M
Blend (final)
Blend
$14.45M
Owner & transaction history
Premier Slo Court Jamestown · 13 yrs held
Premier Slo Court Jamestown
since 2013
5 recorded transactions
Zoning & alternative use
CD · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,710,000
6.5%
$15,425,000
7%
$14,325,000
Alternative Use
Use
Estimation
RETAIL STORES
$20,625,000
Current use
INDUSTRIAL (GENERAL)
$19,860,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$14.45M
Range $13.01M – $15.90M · ±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
$234 / 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
$287,339
Tax year 2024
Assessed value
$26,000,000
Assessed 2024
Previous assessed
$26,000,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$4,700,000
Assessed improvement
$21,300,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2005
Construction
CONCRETE
Heating
NONE
Total area
61,720 SF
Lot
0.83 ac (36,155 SF)
Zoning code
CD
APN
002-431-010
UPID
US10-3044470
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CD · San Luis Obispo, CA
Zoning CD · permitted uses
CD · 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
RETAIL STORES Current
Est. value
$20.6M
INDUSTRIAL (GENERAL)
Est. value
$19.9M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
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
2005
Construction
CONCRETE
Heating
NONE
Lot
0.83 ac
Current owner
From public records · entity-resolved
Premier Slo Court Jamestown
Individual
Free & Clear · 13 yrs held
Mailing address
675 PONCE DE LEON AVE NE, ATLANTA, GA 30308-1829
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2020
—
Jamestown Premier Slo Retail L
—
Deed
related
$55,000,000 · Pnc Bk
Apr 2, 2013
—
Premier Slo Court Jamestown
Cp Court Street LLC
Grant Deed
—
Jan 5, 2006
—
Cp Court Street Lllc
San Luis Obispo Court Street I LLC
Grant Deed
$25,500,000 · Nomura Credit & Capital INC
—
—
Premier Slo Court St Jamestown
—
Deed Of Trust
related
$25,500,000 · Us Bk NA 2006-c24 (ce)
—
—
Jamestown Premier Slo Retail L
—
Loan Modification
related
$55,000,000 · Pnc 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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