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

    735 Tank Farm Rd San Luis Obispo, CA 93401

    Sponsored
    For Lease
    Under Contract
    Contact for pricing

    Commercial Lease - San Luis Obispo, CA

    Property size:
    1,750 SF
    Days on Market:
    1309
    Last Refresh:
    Feb 4 at 3:06 pm

    Property Features for 735 Tank Farm Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    053083027
    Interior features
    Elevators
    Accessibility
    Accessible Elevator Installed
    Size
    1,750 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Architectural style
    Other

    We can help!

    Listing Contact
    Michelle Blasingame

    Richardson Properties, Inc. (805) 781-6040

    Listing agent Michelle Blasingame (805) 781-6040

    Listing date Jul 7, 2022

    MLS# PI21153206 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 Office Suite

    Suite 270 features a reception area with a spacious entry, two oversized executive offices, a large conference room, an open bay area, a break-out room, storage space, a server room, and an eat-in kitchen. Located in the Edna Valley Office Building in San Luis Obispo, this professional space is well-maintained and features common areas, smart lighting, and custom climate control. Fiber speed internet is available. The Edna Valley Office Building also offers a large professional conference room for tenant use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motif Mortgage Loan Service OneDigital Financial Advisor Sean Hogoboom - eXp ... Real Estate Agency Economic Vitality Corporation Charitable Organization Amergis Employment Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness 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
    -120.6415602
    Latitude
    35.2485991

    Nearby Similar for Lease

    • $1.70 SF/Yr
      52,467 SF

      San Luis Obispo Office Space

      Office suite with 9 spaces, kitchenette, and shared conference room.
      735 Tank Farm Rd, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      6,500 SF

      Turn-key Restaurant/Brewery in San Luis Obispo

      6,500 SF restaurant/brewery space available for lease.
      114 Tank Farm Rd, San Luis Obispo, CA 93401
      View Details
    • $1.75 SF/Yr
      2,159 SF

      San Luis Obispo Office Space

      Professional office building near airport with upscale finishes and furnishings.
      735 Tank Farm Rd, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      1,660 SF

      San Luis Obispo Office Space

      Office suite with reception, conference room, and open work area.
      225 Prado Rd, San Luis Obispo, CA 93401
      View Details
    • $1.70 SF/Yr
      52,467 SF

      Edna Valley Office Building Lease

      Office suite with three offices and a large bullpen area.
      735 Tank Farm Rd, San Luis Obispo, CA 93401
      View Details
    • $2 SF/Yr
      990 SF

      Edna Valley Office Space

      990 SF office suite in San Luis Obispo available for lease.
      735 Tank Farm Rd, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      660 SF

      Office Space in San Luis Obispo

      Two-office layout suitable for sales or therapy with a view.
      225 Prado Rd, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      5,940 SF

      Restaurant Space with Freeway Visibility

      Freestanding restaurant property in San Luis Obispo with high visibility.
      1585 Calle Joaquin, San Luis Obispo, CA 93405
      View Details
    • Contact for pricing
      33,500 SF

      SLO Ranch Farm Marketplace Lease

      Commercial spaces available in new SLO Ranch Farm and Marketplace.
      Froom Ranch Way, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      3,300 SF

      San Luis Obispo Warehouse Space

      3,300 SF warehouse with easy access to airport and freeway.
      4650 Davenport Creek Rd, San Luis Obispo, CA 93401
      View Details
    • $18 SF/Yr
      3,718 SF

      Prime Retail Space in Plaza

      Retail space available in a busy San Luis Obispo power center.
      201-273 Madonna Rd, San Luis Obispo, CA 93405
      View Details
    • $18 SF/Yr
      1,485 SF

      Retail Space in Madonna Plaza

      Retail space available in a high-traffic San Luis Obispo power center.
      285 Madonna Rd, San Luis Obispo, CA 93405
      View Details

    FAQs

    What type of property is this?
    Office space - Professional office suite available for lease in San Luis Obispo.
    Where is this office space located?
    The property is located at 735 Tank Farm Rd San Luis Obispo, CA.
    What are key features of this property?
    This property features: - Premier building in SLO (Edna Valley Office Building); - Two oversized executive offices and large conference room; - Professional reception area with spacious entry
    (805) 781-6040
    Request Owner's contact information
    735 Tank Farm Rd 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.
    735 Tank Farm Rd
    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
    735 Tank Farm Rd 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
    Michelle Blasingame
    (805) 781-6040
    Learn more
    Google sign-in failed. Please try again or use another login method.