Sign Up Successful!
You now have access to more from Realmo!
    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

    2475 Victoria Ave San Luis Obispo, CA 93401

    Sponsored
    For Sale
    $390,000

    Commercial Sale - San Luis Obispo, CA

    Property size:
    2,296 SF
    Days on Market:
    72
    Last Refresh:
    Feb 3 at 5:06 pm

    Property Features for 2475 Victoria Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    004921027
    Size
    2,296 SF

    Building Details

    Year built
    2023
    Architectural style
    Other

    We can help!

    Listing Contact
    Erik Berg-Johansen
    Erik Berg-Johansen

    Richardson Properties, Inc. (805) 781-6040

    Listing agent Erik Berg-Johansen (805) 781-6040 License #02061242

    Listing date Nov 24, 2025

    MLS# SC25195493 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

    San Luis Obispo Commercial Condo

    Located in San Luis Obispo, CA, Victoria Crossing features one remaining modern commercial suite at ground level, with 33 residential flats that have been sold and occupied. Unit 101 offers approximately 1,275 square feet of interior space and 1,000 square feet of outdoor patio space. There are 11 on-site parking spaces available, in addition to street parking on both sides of Victoria and Caudill. The property includes access to a grease trap and venting systems, making it suitable for a restaurant or café. The zoning is C-R-SF (Retail Commercial with Special Focus Area Overlay); allowable uses should be confirmed with the City of San Luis Obispo. The property's total size is 2,296 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

    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
    -120.653586
    Latitude
    35.265923

    Nearby Similar for Sale

    • $6,900,000
      12,153,240.00 Acres

      285-Acre Vineyard and Citrus Ranch

      Premier San Luis Obispo ranch with vineyard, citrus, and rangeland.
      5502 Los Ranchos Rd, 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 Rd, San Luis Obispo, CA 93401
      View Details
    • $225,000
      1,378 SF

      Turnkey Restaurant and Bar Opportunity

      Fully equipped restaurant and bar in downtown San Luis Obispo.
      1131 Broad St, San Luis Obispo, CA 93401
      View Details
    • $3,450,000
      2,400 SF

      Historic Ranch Estate Near San Luis Obispo

      189-acre ranch with residences, barns, and equestrian facilities.
      1498 O'sconnor Way, San Luis Obispo, CA 93405
      View Details
    • $2,295,000
      5,940 SF

      Restaurant Property with Freeway Visibility

      Freestanding restaurant in San Luis Obispo with high-volume kitchen.
      1585 Calle Joaquin, San Luis Obispo, CA 93405
      View Details
    • $1,150,000
      1,900 SF

      Spanish-Style Office Building For Sale

      Office building with apartment and courtyard in downtown San Luis Obispo.
      1124 Nipomo St, San Luis Obispo, CA 93401
      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 St, San Luis Obispo, CA 93401
      View Details
    • $1,200,000
      123.67 Acres

      Agricultural Property with Cannabis Entitlement

      123.67-acre agricultural property with approved cannabis cultivation permit.
      2675 Cuyama Hwy, San Luis Obispo, CA 93254
      View Details
    • $1,525,000

      Old Town SLO Triplex

      Charming triplex in old-town San Luis Obispo with detached homes.
      791 Pepper St, San Luis Obispo, CA 93401
      View Details
    • $360,000

      Bright Home in Creekside Community

      Cheerful home with resort-like amenities near San Luis Creek.
      3960 S Higuera St, San Luis Obispo, CA 93401
      View Details
    • $239,850

      San Luis Obispo Mobile Home

      3 bed, 2 bath mobile home in all-age park.
      3860 S Higuera D1, San Luis Obispo, CA 93401
      View Details
    • $269,900

      San Luis Obispo Manufactured Home

      Affordable manufactured home in an all-age park with low space rent.
      3500 Bullock Ln, San Luis Obispo, CA 93401
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial condo with outdoor patio, ideal for restaurant/café.
    Where is this retail space located?
    The property is located at 2475 Victoria Ave San Luis Obispo, CA.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: - Large outdoor patio space (1,000 SF) in addition to 1,275 SF interior space.; - Suitable for restaurant/cafe use due to grease trap and venting systems.; - Located in Victoria Crossing, a community with 33 existing residential flats.
    (805) 781-6040
    Request Owner's contact information
    2475 Victoria Ave San Luis Obispo, CA 93401
    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.
    2475 Victoria Ave
    San Luis Obispo, CA 93401
    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
    2475 Victoria Ave San Luis Obispo, CA 93401
    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
    Erik Berg-Johansen
    Erik Berg-Johansen
    Real Estate License ID: 02061242
    (805) 781-6040
    Learn more
    Google sign-in failed. Please try again or use another login method.