For sale
Office Units
CA
San Luis Obispo
93401
1035 Peach St 203

Updated Office Near Downtown SLO

1035 Peach St 203, San Luis Obispo, CA 93401

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For Sale

$475,000

Versatile 1,290 SF office suite near downtown San Luis Obispo.

Type:Commercial

Property size:

1,290 SF

Lot size:

0.20 Acres

Price / SF:

$368/SF

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Contact an agent

Lee Anne Fisher

HighLights

Convenient location near downtown San Luis Obispo, services, shopping, and eateries.
Updated 1,290 sq ft office suite with private offices, conference space, and storage.
Excellent access to Highway 101 and other major routes.
Shared outdoor common area with views of Cerro San Luis and Cal Poly.
Off‑street parking in a generously sized lot.
Reception area and well‑equipped break room.

For Sale

$475,000

Versatile 1,290 SF office suite near downtown San Luis Obispo.

Type:Commercial

Property size:

1,290 SF

Lot size:

0.20 Acres

Price / SF:

$368/SF

Added:: Mar 11, 2026
Days on Market:: 119
Last Refresh:: Jul 2 at 1:56 pm

Property Features for 1035 Peach St 203

General Information

Standard status: Active
Size: 1,290 SF
Lot size: 0.20 Acres
Property subtype: Commercial

Building Details

Year Built: 1986

We can help!

Contact an agent

Lee Anne Fisher

Listing office

Listing date Mar 11, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Lee Anne Fisher

HighLights

Convenient location near downtown San Luis Obispo, services, shopping, and eateries.
Updated 1,290 sq ft office suite with private offices, conference space, and storage.
Excellent access to Highway 101 and other major routes.
Shared outdoor common area with views of Cerro San Luis and Cal Poly.
Off‑street parking in a generously sized lot.
Reception area and well‑equipped break room.

Overview

This 1,290 square foot office suite is located near the heart of San Luis Obispo. The recently updated suite is available vacant or partially furnished and features several private offices, a conference space, and storage areas. A reception area welcomes visitors, and a break room includes cabinetry, countertop space, and a sink. Tenants have access to a shared outdoor common area on the third floor with table seating and views of Cerro San Luis, the Cal Poly campus, and the surrounding cityscape. The building offers both stair and elevator access, along with off-street parking in a generously sized lot. The property has access to highway 101 and main arteries into San Luis Obispo or out to highway 1 and is located near services, shopping, eateries and the vibrant downtown business district of San Luis Obispo. This property is also available to lease.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$34.1k	$26.40
− Vacancy	−$2.0k	−$1.58
EGI	$32.0k	$24.82
− OpEx	−$8.0k	−$6.20
NOI	$24.0k	$18.61

1,290 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$343.0K

$300.1K – $400.2K (±1% cap)

NOI $24,009 @ 7.0% cap · market cap 5.05%

Second Best

—

no second resolved use

Theoretical Best

Healthcare Medical

$507.3K

$443.9K – $591.9K (±1% cap)

NOI $35,514 @ 7.0% cap · market cap 7.48%

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

Property Profile Location Intelligence

Current Use by Public Records

Germanow Kenneth PHD Physician Seven Sisters Ob/gyn Physician Ryan Kennard Physician Coastal Communities Physicians ... Medical Clinic Edward Jones - Financial ... Financial Advisor

Suggested Use

Location Insight

Map
Local Demand

City: San Luis Obispo
County: San Luis Obispo
State: California
Longitude: -120.662
Latitude: 35.2844

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For sale
Office Units
CA
San Luis Obispo
93401
1035 Peach St 203

What type of property is this?

Office units - Versatile 1,290 SF office suite near downtown San Luis Obispo.

Where is this office units located?

The property is located at 1035 Peach St 203 San Luis Obispo, CA.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Convenient location near downtown San Luis Obispo, services, shopping, and eateries.; Updated 1,290 sq ft office suite with private offices, conference space, and storage.; Excellent access to Highway 101 and other major routes.