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    Hank Niezen, San Luis Obispo, CA

    License ID: 01831075

    Contact details

    Phone:
    (805) 748-2645
    Office Address:
    3450 Broad St. Suite 101, San Luis Obispo, CA, 93401

    Performance

    Listings
    23

    Listings

    For Sale (19)

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    • Contact for pricing
      34,427 SF

      San Luis Obispo Leased Investment

      34,427 SF commercial property in active commercial corridor.
      855 Aerovista Pl, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      Paso Robles Vineyard Land

      Rare 281-acre land offering in Paso Robles.
      2455 Highway 46 W, Paso Robles, CA 93446
      View Details
    • Contact for pricing

      San Luis Obispo Manufacturing Lots

      Manufacturing lots for sale in San Luis Obispo, California.
      4125 Earthwood Ln, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      San Luis Obispo Manufacturing Lots

      Manufacturing lots for sale in San Luis Obispo, California.
      4140 Earthwood Ln, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      Paso Robles Vineyard Land

      Rare 281-acre Paso Robles land offering vineyard potential.
      Las Tablas Rd, Paso Robles, CA 93446
      View Details
    • Contact for pricing

      Paso Robles Vineyard Land

      Rare 281-acre vineyard opportunity in Paso Robles, California.
      1795 Las Tablas Rd, Templeton, CA 93465
      View Details
    • Contact for pricing

      Paso Robles Vineyard Land

      Rare 281-acre land offering in Paso Robles.
      Las Tablas Rd, Adelaide, CA 93446
      View Details
    • Contact for pricing

      San Luis Obispo Manufacturing Lots

      Manufacturing lots for sale in San Luis Obispo, California.
      4135 Earthwood Ln, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      San Luis Obispo Manufacturing Lots

      Manufacturing lots for sale in San Luis Obispo, California.
      4150 Earthwood Ln, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      San Luis Obispo Manufacturing Lots

      Manufacturing lots for sale in San Luis Obispo, California.
      4180 Earthwood Ln, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      San Luis Obispo Manufacturing Lots

      Manufacturing lots for sale in San Luis Obispo, California.
      4160 Earthwood Ln, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      San Luis Obispo Manufacturing Lots

      Manufacturing lots for sale in San Luis Obispo, California.
      4145 Earthwood Ln, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      Paso Robles Vineyard Land

      Rare 281-acre Paso Robles land with vineyard potential.
      115 Los Robles Rd, Templeton, CA 93465
      View Details
    • Contact for pricing

      San Luis Obispo Manufacturing Lots

      Manufacturing lots for sale in San Luis Obispo, California.
      4120 Earthwood Ln, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      Industrial Land For Sale

      Land available with utilities, suitable for manufacturing.
      4150 Earthwood Ln, San Luis Obispo, CA 93401
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    • Contact for pricing

      San Luis Obispo Industrial Lot

      Industrial land for sale in San Luis Obispo, CA.
      4135 Earthwood Ln, San Luis Obispo, CA 93401
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    • Contact for pricing

      San Luis Obispo Industrial Lot

      Industrial land for sale in San Luis Obispo, CA.
      4125 Earthwood Ln, San Luis Obispo, CA 93401
      View Details
    • $10,798,200

      Prime Agricultural Land for Sale

      Rare 239-acre agricultural land in sought-after winegrowing region.
      1 Las Tablas Rd, Templeton, CA 93465
      View Details
    • Contact for pricing

      Land in San Luis Obispo

      Land available in San Luis Obispo, California.
      4140 Earthwood Ln, San Luis Obispo, CA 93401
      View Details

    For Lease (4)

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      4,268 SF

      New Office Space in SLO

      Shell condition office space available for rent in San Luis Obispo.
      1321 Osos St, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      1,960 SF

      Retail Space in Crossroads Center

      Prime retail space in a mixed-use development.
      3165 Broad St, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Master Planned Community

      Retail spaces for lease in a master-planned community.
      1560 Mesa Rd, Nipomo, CA 93444
      View Details
    • Contact for pricing
      1,200 SF

      Retail Center at Monarch Dunes

      Commercial retail center with suites available for pre-lease.
      1560 Trilogy Pkwy, Nipomo, CA 93444
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Hank Niezen, San Luis Obispo, CA
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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.

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    Hank Niezen, San Luis Obispo, CA
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