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    2 James Way Pismo Beach, CA 93449

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    For Lease
    Contact for pricing

    Commercial Lease - Pismo Beach, CA

    Property size:
    1,240 SF
    Days on Market:
    9
    Last Refresh:
    Jan 24 at 9:06 pm

    Property Features for 2 James Way

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    005271024
    Size
    1,240 SF

    Building Details

    Year built
    2008
    Architectural style
    Other

    We can help!

    Listing Contact
    Jason Hart

    Hart Commercial Real Estate (805) 481-9010

    Listing agent Jason Hart (805) 481-9010 License #01334694

    Listing date Jan 16, 2026

    MLS# PI26011148 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

    Class A Medical Office Space

    This commercial space is located in Pismo Beach's premier Class A medical office park. The complex offers visibility from Highway 101, ample parking, and a professional setting. The property is suitable for medical offices and other office uses. The property contains 1240 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stallman Divorce Mediation ... Legal Services Dr. Sean D. ... Pediatrician Dr. Marjan Haghi ... Pediatrician Spalding Patrick MD Obstetrician-Gynecologist Five Cities Pediatric ... Pediatric Dentist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Cat & Exotic Care, Suzanne Hennessy, DVM

    Location Insight

    • Map
    • Local Demand
    City
    Pismo Beach
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.630661
    Latitude
    35.138932

    Nearby Similar for Lease

    • Contact for pricing
      1,250 SF

      Class A Office Space Available

      Premier Pismo Beach office park with highway visibility, for lease.
      310 James Way, Pismo Beach, CA 93449
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      533 SF

      Class A Medical Office Space

      Premier medical office park with highway visibility in Pismo Beach.
      2 James Way, Pismo Beach, CA 93449
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      1,250 SF

      Class A Office Space Available

      Premier Pismo Beach office park with highway visibility, for lease.
      300 James Way, Pismo Beach, CA 93449
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      619 SF

      Pismo Beach Class A Office

      Class A office space available for lease in Pismo Beach.
      330 James Way, Pismo Beach, CA 93449
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      10,000 SF

      Prime Retail Space Available

      10,000 SF retail space with drive-thru potential.
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    FAQs

    What type of property is this?
    Medical office - Premier medical office park with highway visibility in Pismo Beach.
    Where is this medical office located?
    The property is located at 2 James Way Pismo Beach, CA.
    What are key features of this property?
    This property features: - Premier Class A medical office park; - Highway 101 visibility offers excellent exposure.; - Ample parking for staff and patients.
    (805) 481-9010
    Request Owner's contact information
    2 James Way Pismo Beach, CA 93449
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    Pismo Beach, CA 93449
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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
    2 James Way Pismo Beach, CA 93449
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    We can help!
    Listing Contact
    Jason Hart
    Real Estate License ID: 01334694
    (805) 481-9010
    Learn more
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