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

    1636 Encino Ct San Luis Obispo, CA 93401

    View on Map
    Claim this Listing
    For Sale
    $799,000

    Land/Lot - San Luis Obispo, CA

    Lot size:
    11,210.00 Acres
    Added:
    May 16, 2025
    Days on Market:
    338
    Last Refresh:
    Apr 18 at 1:06 pm

    Property Features for 1636 Encino Ct

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Exterior features
    Community Features Included: Curbs, Hiking, Street Lights, Storm Drains, Sidewalks
    Standard status
    Active
    APN
    004392025
    Lot size
    11,210.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Rob Rose

    Listing agent Rob Rose License #02035157

    Listing office Christie's International Real Estate Sereno 364 Pacific St, Los Gatos, CA

    Listing date May 16, 2025

    MLS# SC25106256 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.

    Overview

    San Luis Obispo View Lot

    This 11,210 sq ft lot presents an opportunity to build a home in San Luis Obispo's Banana Belt neighborhood. Situated on a quiet cul-de-sac and surrounded by established homes, the elevated lot offers views spanning from Edna Valley to Bishop's Peak. Downtown San Luis Obispo, with its shops, restaurants, and entertainment, is located minutes away. The listing includes home plans by AGD Architecture & Design. The property is located in one of the area’s most desirable neighborhoods.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6396056
    Latitude
    35.2715407

    Nearby Similar for Sale

    • $390,000
      2,296 SF

      San Luis Obispo Commercial Condo

      Commercial condo with outdoor patio, ideal for restaurant/café.
      2475 Victoria Avenue, San Luis Obispo, CA 93401
      View Details
    • $3,900,000
      5,888 SF

      Historic Victorian Multifamily Investment Opportunity

      Iconic Victorian residence in downtown San Luis Obispo with development potential.
      687 Islay, San Luis Obispo, CA 93401
      View Details
    • $524,900

      Residential Lot in Monterey Heights

      Rare homesite with panoramic views in San Luis Obispo.
      0 Santa Maria, San Luis Obispo, CA 93405
      View Details
    • $3,900,000

      San Luis Obispo Commercial Land

      3.59 acres in a planned community, retail potential.
      2040 Prado Road, San Luis Obispo, CA 93401
      View Details
    • $1,599,000
      1,600 SF

      Downtown SLO Historical Office Property

      Historical downtown San Luis Obispo office property with potential residential expansion.
      1334 Chorro St, San Luis Obispo, CA 93401
      View Details
    • $6,900,000

      285-Acre Vineyard and Citrus Ranch

      Premier San Luis Obispo ranch with vineyard, citrus, and rangeland.
      5502 Los Ranchos Road, San Luis Obispo, CA 93401
      View Details
    • $619,000

      Prime Lot in San Luis Obispo

      Spacious lot in desirable neighborhood with views and privacy.
      2171 San Luis Drive, San Luis Obispo, CA 93401
      View Details
    • $549,000

      San Luis Obispo Land Opportunity

      Spacious lot in Upper Monterey Heights with stunning views.
      2298 Santa Ynez Avenue, San Luis Obispo, CA 93405
      View Details
    • $500,000

      Pristine Land Parcel in San Luis Obispo

      77-acre parcel with homesite potential near West Cuesta Ridge Trail.
      0 Stagecoach Road, San Luis Obispo, CA 93405
      View Details
    • $6,995,000
      24,496 SF

      San Luis Obispo Retail Center

      24,496 SF retail center 100% occupied on busy corridor.
      12300-12334 Los Osos Valley Rd, San Luis Obispo, CA
      View Details
    • $1,150,000
      5,000 SF

      Downtown San Luis Obispo Investment

      Commercial property in downtown San Luis Obispo with investment potential.
      283 Higuera Street, San Luis Obispo, CA 93401
      View Details
    • $15,000,000
      43,218 SF

      Winery Production Facility in Edna Valley

      Turnkey winery with high-capacity production and expansion potential.
      4915 Orcutt Road, San Luis Obispo, CA 93401
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Prime lot in desirable neighborhood with included home plans.
    Where is this residential land & home lot located?
    The property is located at 1636 Encino Ct San Luis Obispo, CA.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Includes thoughtfully designed home plans by AGD Architecture & Design.; Expansive 11,210 sq ft lot in the desirable Banana Belt neighborhood.; Breathtaking views spanning from Edna Valley to Bishop's Peak.
    (805) 471-8351
    We can help!
    Listing Contact
    Rob Rose
    Real Estate License ID: 02035157
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!