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    The Largest CRE Database in the US with Over 1 Million Listings

    1545 Park St Paso Robles, CA 93446

    Sponsored
    For Sale
    $1,099,000

    Commercial/Residential, Craftsman - Paso Robles, CA

    Property size:
    1,290 SF
    Lot size:
    7,000.00 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 27 at 1:06 pm

    Property Features for 1545 Park St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Double Pane Windows
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Bedrooms
    5
    APN
    008321015
    Parking features
    Carport
    Interior features
    Formica Counters, 32 Inch Or More Wide Doors, 36 Inch Or More Wide Halls, Ramp - Main Level, Window Features: Casement Windows, Double Pane Windows, Screens
    Exterior features
    Fence, Community Features Included: Park, Sidewalks, Storm Drains, Street Lights, Rectangular Lot, Level, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Walkstreet, Yard
    Fencing
    Fenced
    Accessibility
    Accessible Approach with Ramp, Accessible Doors
    Size
    1,290 SF
    Lot size
    7,000.00 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Wood
    Building materials
    Frame, Lap Siding, Wood Siding
    Roof type
    Composition
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Vicki Silva

    RE/MAX Parkside Real Estate (805) 239-3310

    Listing agent Vicki Silva (805) 239-3310 License #00463813

    Listing date Jan 26, 2026

    MLS# NS26013926 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

    Commercial/Residential Opportunity in Paso Robles

    Located in downtown Paso Robles, this offering includes two neighboring parcels presenting a unique opportunity. The properties, situated at 1545 Park Street and 732 16th Street, combine to offer flexibility and a prime location suitable for investors, small business owners, or homeowners. The property at 1545 Park Street, constructed around 1900, is a 1290 square foot structure featuring 3 bedrooms and 1 bathroom. It possesses vintage character and curb appeal. Currently used as a chiropractic office, the layout can be adapted for continued commercial use or converted back to residential living with modifications. The adjacent parcel at 732 16th Street contains a 2-bedroom, 1-bathroom home, providing additional living space, rental income potential, or an office extension. The combined parcels are located in a desirable downtown corridor, within walking distance of restaurants, tasting rooms, boutiques, and parks. The total lot size is approximately 0.16 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -120.6907399
    Latitude
    35.6306947

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    FAQs

    What type of property is this?
    Mixed-use property - Two neighboring parcels in downtown Paso Robles with commercial/residential potential.
    Where is this mixed-use property located?
    The property is located at 1545 Park St Paso Robles, CA.
    What is the asking price?
    The asking price for this property is $1,099,000.
    What are key features of this property?
    This property features: - Rare Downtown Paso Robles location with two neighboring parcels being sold together.; - Prime location walkable to restaurants, tasting rooms, boutiques, and parks.; - Versatile properties suitable for investors, small business owners, or homeowners.
    (805) 239-3310
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    1545 Park St Paso Robles, CA 93446
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    Paso Robles, CA 93446
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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
    1545 Park St Paso Robles, CA 93446
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    We can help!
    Listing Contact
    Vicki Silva
    Real Estate License ID: 00463813
    (805) 239-3310
    Learn more
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