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Property profile & analytics
OFF-MARKET
Commercial land
San Miguel, CA 93451
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-4958405
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1935
Construction
WOOD FRAME
Total area
768 SF
Lot
0.15 ac (6,475 SF)
Zoning code
CR
APN
021-231-025
UPID
US09-4958405
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
Terry W Chavis · 19 yrs held
Terry W Chavis
since 2006
5 recorded transactions
Zoning & alternative use
CR · San Miguel, 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 Miguel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Miguel 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
$859
Tax year 2024
Assessed value
$81,000
Assessed 2024
Previous assessed
$81,000
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$80,000
Assessed improvement
$1,000
Applied tax rate
114.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Year built
1935
Construction
WOOD FRAME
Heating
NONE
Rooms
2
Bathrooms
1
Total area
768 SF
Lot
0.15 ac (6,475 SF)
Zoning code
CR
APN
021-231-025
UPID
US09-4958405
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CR · San Miguel, CA
Zoning CR · permitted uses
CR · San Miguel, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Miguel. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1935
Construction
WOOD FRAME
Heating
NONE
Rooms
2
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Terry W Chavis
Individual
Mailing address
2944 UN RD, PASO ROBLES, CA 93446-9320
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Aug 29, 2006
$445,000
Terry W Chavis
Savage,henry L JR & Laura L
Grant Deed
$1,700,000 · 21st Mortgage Corp
May 20, 2002
—
Henry L Savage
Savage,henry L
Quit Claim Deed
related
—
May 13, 2002
$89,000
Henry L Savage
Reeder Trust
Grant Deed
$57,850 · Mission Community Bank NA
Mar 6, 1995
—
Reeder Trust
Reeder,warren & Geraldine C
Quit Claim Deed
related
—
—
—
Henry L Savage
—
Deed Of Trust
related
$87,700 · Mission Community Bank NA
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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