Ground-Floor Office Unit with Private
For Sale
$250,000
1052 Main #E, Morro Bay, CA 93442
The interior includes a reception area, several offices, a private bathroom, and laundry hookups.
Property Size500 SF
Price / SF$500
Days on Market24
Property Features for 1052 Main #E
General Information
Standard status
Active
Size
500 SF
Property subtype
Office
Additional Details
Floor
Ground Floor
HOA Fee
$123.33
Road Access
Yes
Office Units
1
Property Use
Office
Amenities
private gated entrance
laundry hookups
security cameras
Building Details
Year Built
1986
Listing Agency:
Coastal Real Estate
(805) 528-7171
Listed By:
Sophia McDonald · License #01487058
(805) 234-5828
Source:
Teamforss
Added: Oct 12
Changed: Nov 3
Last Checked: Nov 3 at 8:51AM
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 Coastal Real Estate
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Investment Insights
Based on property information with market context.
This 500-square-foot office condominium is an end unit on the ground floor of a 1986 complex. Its layout includes a reception area, multiple office rooms, a private bathroom, and laundry hookups. A gated entrance provides direct access to the unit, which sits toward the rear of the complex.
The property is on Main Street in downtown Morro Bay, three blocks from the Embarcadero. The complex has 18 shared off-street parking spaces; its roof and parking lot were redone in 2025.
The property is on Main Street in downtown Morro Bay, three blocks from the Embarcadero. The complex has 18 shared off-street parking spaces; its roof and parking lot were redone in 2025.
Key Highlights
- 500‑square‑foot ground‑floor office condominium
- End unit with private gated entrance
- Reception area, multiple offices, private bathroom, and laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,306
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,120
$186.1K
Cap Rate 7%
$132,943
$132.9K
Cap Rate 9%
$103,400
$103.4K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$13.2K $26.40/SF
− Vacancy
−$792 −$1.58/SF
EGI
$12.4K $24.82/SF
− OpEx
−$3.1K −$6.20/SF
NOI
$9.3K $18.61/SF
Area
San Luis Obispo County, CA
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,120
Cap Rate 7%
$132,943
Cap Rate 9%
$103,400
Alternative Uses
Best Use
Office B
$132.9K
$116.3K – $155.1K
NOI $9,306 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$196.6K
$172.1K – $229.4K
NOI $13,765 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
Explore this area
Business Placement
Demographics for 93442, CA
11,390
Population
6,537
Households
1.7
Avg Household Size
54
Median Age
45%
College-Educated
93%
High-School Grad
44.5 sq mi
ZIP Area
256
Density / Sq Mi
$92,163
Median Household Income
$50,651
Median Earnings
$1,815
Median Rent
$870,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The interior includes a reception area, several offices, a private bathroom, and laundry hookups.
Where is this office unit located?
The property is located at 1052 Main #E Morro Bay, CA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 500‑square‑foot ground‑floor office condominium; End unit with private gated entrance; Reception area, multiple offices, private bathroom, and laundry hookups
