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    Property Types

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    Listings

    For Sale (16)

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    Versatile Mixed-Use Property in Los Osos
    $2,995,000
    4,331 SF

    Versatile Mixed-Use Property in Los Osos

    Mixed-use property featuring residential, office, garden, and yard spaces.

    1301 Los Osos Valley Rd, Los Osos, CA 93402
    View details
    Prime Agricultural Land with Potential
    $1,398,000
    2,074,327.00 Acres

    Prime Agricultural Land with Potential

    47.6 acres of usable land near Paso Robles, CA.

    Creston Rd, Paso Robles, CA 93446
    View details
    Santa Margarita Ranch Land Opportunity
    $649,000
    56,192.40 Acres

    Santa Margarita Ranch Land Opportunity

    Luxury homesite in a private, scenic community.

    The Preserve, Santa Margarita, CA 93453
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    Land in Santa Margarita Ranch
    $799,000
    52,272.00 Acres

    Land in Santa Margarita Ranch

    Luxury homesite with views and privacy in Santa Margarita.

    The Preserve, Santa Margarita, CA 93453
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    Santa Margarita Ranch Land Opportunity
    $749,000
    45,302.40 Acres

    Santa Margarita Ranch Land Opportunity

    Luxury homesite on a 1.04-acre lot with views and privacy.

    The Preserve, Santa Margarita, CA 93453
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    Renovated Triplex in Atascadero Heart
    $1,080,000
    2,142 SF

    Renovated Triplex in Atascadero Heart

    Historic triplex with modern upgrades and strong income potential.

    8740 El Camino Real, Atascadero, CA 93422
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    Santa Margarita Ranch Land Opportunity
    $699,000
    66,211.20 Acres

    Santa Margarita Ranch Land Opportunity

    Luxury homesite in a private, historic ranch community.

    The Preserve, Santa Margarita, CA 93453
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    Santa Margarita Ranch Land Opportunity
    $749,000
    47,916.00 Acres

    Santa Margarita Ranch Land Opportunity

    Luxury homesite with views and privacy in a vibrant community.

    The Preserve, Santa Margarita, CA 93453
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    Entitled Land on Central Coast
    $8,950,000
    1,129,946.40 Acres

    Entitled Land on Central Coast

    25.94 acres in Atascadero, entitled for mixed-use development.

    2115 El Camino Real, Atascadero, CA 93422
    View details
    Residential Lot in Monterey Heights
    $524,900
    5,426.00 Acres

    Residential Lot in Monterey Heights

    Rare homesite with panoramic views in San Luis Obispo.

    Santa Maria Ave, San Luis Obispo, CA 93405
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    Santa Margarita Ranch Land Opportunity
    $815,000
    69,260.40 Acres

    Santa Margarita Ranch Land Opportunity

    Luxury homesite in a thoughtfully planned community with natural beauty.

    The Preserve, Santa Margarita, CA 93453
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    Santa Margarita Ranch Land Opportunity
    $800,000
    52,272.00 Acres

    Santa Margarita Ranch Land Opportunity

    Luxury homesite with views and privacy in a vibrant community.

    The Preserve, Santa Margarita, CA 93453
    View details
    Paso Robles Industrial Land Opportunity
    $2,745,000
    413,820.00 Acres

    Paso Robles Industrial Land Opportunity

    9.5 acre industrial land near Tin City and Highway 101.

    Volpi Ysabel Rd, Paso Robles, CA 93446
    View details
    Santa Margarita Land with Views
    $199,000
    6,935,715.00 Acres

    Santa Margarita Land with Views

    159+ acre Santa Margarita land with 360-degree views.

    Parkhill Rd, Santa Margarita, CA 93453
    View details
    Santa Margarita Ranch Land Opportunity
    $949,000
    73,180.80 Acres

    Santa Margarita Ranch Land Opportunity

    1.68-acre homesite in a custom home community.

    The Preserve, Santa Margarita, CA 93453
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    Prime Commercial Land Available
    $8,950,000

    Prime Commercial Land Available

    Commercial land available on El Camino Real, Atascadero.

    2115 El Camino Real, Atascadero, CA 93422
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    For Lease (4)

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    Edna Valley Office Space
    $2 SF/Yr
    990 SF

    Edna Valley Office Space

    990 SF office suite in San Luis Obispo available for lease.

    735 Tank Farm Rd, San Luis Obispo, CA 93401
    View details
    Grover Beach Office Space Available
    Contact for pricing
    18,000 SF

    Grover Beach Office Space Available

    Spacious 3,690 SF office suite in Grover Beach, CA.

    998 Huston St, Grover Beach, CA 93433
    View details
    San Luis Obispo Office Space
    $1.70 SF/Yr
    52,467 SF

    San Luis Obispo Office Space

    Office suite with 9 spaces, kitchenette, and shared conference room.

    735 Tank Farm Rd, San Luis Obispo, CA 93401
    View details
    Edna Valley Office Building Lease
    $1.70 SF/Yr
    52,467 SF

    Edna Valley Office Building Lease

    Office suite with three offices and a large bullpen area.

    735 Tank Farm Rd, San Luis Obispo, CA 93401
    View details

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    Richardson Properties, Inc.
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Richardson Properties, Inc.
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