Turn-Key Medical Building on
1036 Vine St, Paso Robles, CA 93446
For Sale
$900,000
Medical building near downtown Paso Robles, suitable for office uses.
Property Size1,914 SF
Days on Market251
Property Features for 1036 Vine St
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Lee & Associates | San Luis Obispo
Listed By:
Marty Indvik · License #CalDRE #961882
(805) 440-6861
Source:
Lee-associates
Added: Mar 4
Changed: Aug 22
Last Checked: Aug 25 at 5:02AM
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 & Associates | San Luis Obispo
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This turn-key medical building is located on Vine Street in Paso Robles. Currently used as a dental office, the zoning allows for other medical and office uses. The property is in a great location with close proximity to the downtown core. Originally built in 1920, the building has been nicely renovated over the years. The property is located on Vine Street in Paso Robles.
Key Highlights
- Turn‑key medical building ready for immediate occupancy.
- Zoning allows for various medical and office uses.
- Great location near downtown core.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,692
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,840
$1.1M
Cap Rate 7%
$752,743
$752.7K
Cap Rate 9%
$585,467
$585.5K
Market Conditions
NOI Build-Up for 1,914 SF
Gross rent
$90.7K $47.40/SF
− Vacancy
−$2.9K −$1.52/SF
EGI
$87.8K $45.88/SF
− OpEx
−$35.1K −$18.35/SF
NOI
$52.7K $27.53/SF
Area
San Luis Obispo County, CA
Vacancy
3.20%
Lease Rate
$47.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,840
Cap Rate 7%
$752,743
Cap Rate 9%
$585,467
Alternative Uses
Best Use
Healthcare Medical
$752.7K
$658.7K – $878.2K
NOI $52,692 @ 7.0% cap · market cap 5.85%
Second Best
Office B
$508.9K
$445.3K – $593.7K
NOI $35,623 @ 7.0% cap · market cap 3.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,753
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 93446, CA
45,979
Population
19,786
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
428.3 sq mi
ZIP Area
107
Density / Sq Mi
$94,512
Median Household Income
$43,229
Median Earnings
$1,946
Median Rent
$661,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical building near downtown Paso Robles, suitable for office uses.
Where is this medical office space located?
The property is located at 1036 Vine St Paso Robles, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Turn‑key medical building ready for immediate occupancy.; Zoning allows for various medical and office uses.; Great location near downtown core.
