Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    153 Pacific Ave Paso Robles, CA 93446

    View on Map
    Sponsored
    For Sale
    $215,000

    Land/Lot - Paso Robles, CA

    Lot size:
    5,000.00 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 26 at 4:06 pm

    Property Features for 153 Pacific Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R
    APN
    009183010
    Exterior features
    Community Features Included: Curbs, Sidewalks
    Lot size
    5,000.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jennifer Dawson
    Jennifer Dawson

    Platinum Properties

    Listing agent Jennifer Dawson License #01967230

    Listing date Mar 24, 2026

    MLS# NS26062211 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Paso Robles Westside Land Opportunity

    Located on Paso Robles’ sought-after westside, the property at 153 Pacific Avenue presents an opportunity to build in one of the area’s established and centrally located neighborhoods. This parcel is approximately 5,000 square feet and offers an upslope setting with hillside views, creating a backdrop for a custom home designed to take full advantage of its surroundings. Set among existing homes with convenient access to downtown Paso Robles, the location is just minutes from wineries, restaurants, tasting rooms, and local shops, while still enjoying a neighborhood setting. With a Walk Score of 76, the location offers convenient access to nearby amenities while maintaining a residential feel. The topography lends itself to creative design possibilities, whether maximizing views or creating inviting outdoor living spaces that complement the natural setting. Utilities are nearby, and the property offers a starting point for future development. The upslope setting presents a unique opportunity to design a custom home that works with the natural landscape while capturing the charm of Paso Robles’ westside. This is a rare opportunity to create something special.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paso Robles
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6962146
    Latitude
    35.6206281

    Nearby Similar for Sale

    • $575,000
      1,078 SF

      Move-in Ready Office Suite

      Professional office suite in a desirable Paso Robles business district.
      1104 Vine St, Paso Robles, CA 93446
      View Details
    • $1,979,000
      4,123 SF

      Turnkey Restaurant & Bar Opportunity

      High-performing restaurant and bar with real estate and liquor license.
      2927 Spring St, Paso Robles, CA 93446
      View Details
    • $1,295,000
      2,632 SF

      Paso Robles Triplex Investment Opportunity

      Desirable triplex near downtown Paso Robles with income and upside.
      2221 Oak St, Paso Robles, CA 93446
      View Details
    • New
      $2,359,000
      5,000 SF

      Remodeled Paso Robles Apartment Building

      Recently remodeled 10-unit apartment building in Paso Robles, CA.
      3505 Spring St, Paso Robles, CA 93446
      View Details
    • $3,000,000
      Pending

      Paso Robles Winery Estate

      40-acre Paso Robles winery with residence, tasting room, production.
      2023 Twelve Oaks Dr, Paso Robles, CA 93446
      View Details
    • $695,000
      1,345 SF

      Downtown Paso Robles Office Building

      Charming office building in downtown Paso Robles with parking.
      1115 Vine St, Paso Robles, CA 93446
      View Details
    • $1,349,000
      10,450 SF

      Paso Robles Commercial Facility

      Mixed-use commercial facility with ramp access at Paso Robles Airport.
      3150 Propeller B & C Dr, Paso Robles, CA 93446
      View Details
    • $2,399,000
      5,000 SF

      Remodeled Apartment Building in Paso Robles

      Recently remodeled 10-unit apartment building in Paso Robles, CA.
      3505 Spring St, Paso Robles, CA 93446
      View Details
    • $875,000
      2,100 SF

      Charming Duplex in Paso Robles

      Westside investment property near downtown Paso Robles with two units.
      309 15Th St, Paso Robles, CA 93446
      View Details
    • $7,995,000
      28,531,800.00 Acres

      Paso Robles Vineyard Opportunity

      655 acre Paso Robles vineyard with planting potential.
      Adelaida Rd, Paso Robles, CA 93446
      View Details
    • $1,099,000
      1,290 SF

      Commercial/Residential Opportunity in Paso Robles

      Two neighboring parcels in downtown Paso Robles with commercial/residential potential.
      1545 Park St, Paso Robles, CA 93446
      View Details
    • $4,999,999
      2,047,320.00 Acres

      Paso Robles Vineyard Estate

      47-acre vineyard estate in Paso Robles' Willow Creek District.
      3000 Oakdale Rd, Paso Robles, CA 93446
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build your dream home on this Paso Robles parcel.
    Where is this residential land & home lot located?
    The property is located at 153 Pacific Ave Paso Robles, CA.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Prime Westside Location: Situated in a highly desirable and established westside Paso Robles neighborhood.; - Building Opportunity: An opportunity to build a custom home on a ~5,000 sq. ft. parcel.; - Hillside Views: Upslope setting provides potential for hillside views.
    (805) 835-6386
    Request Owner's contact information
    153 Pacific Ave Paso Robles, CA 93446
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    153 Pacific Ave
    Paso Robles, CA 93446
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    153 Pacific Ave Paso Robles, CA 93446
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jennifer Dawson
    Jennifer Dawson
    Real Estate License ID: 01967230
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!