Flex Space with Four Roll-Up
For Sale
Contact for pricing
1101-1107 Paso Robles St, Paso Robles, CA 93446
Freshly renovated flex space with four roll-up doors and a fenced, newly paved yard and parking area.
Property Size10,350 SF
Price / SF$315
Days on Market120
Property Features for 1101-1107 Paso Robles St
General Information
Standard status
Active
Size
10,350 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
Lee & Associates | San Luis Obispo
(805) 962-6700
Listed By:
Alex Olsen · License #01126609
(805) 218-5766
Source:
Moodyscre
Added: May 21
Changed: Sep 4
Last Checked: Sep 16 at 2:31PM
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
Investment Insights
Based on property information with market context.
Freshly renovated flex space offering suites ranging from 2,500 SF to 10,350 SF, with brand new LED lighting in each unit. The buildings include four (4) roll-up doors, supporting a range of light industrial or warehouse-oriented uses.
The property has Paso Robles Street frontage, providing a signage opportunity. Outside, the site includes a fenced, newly paved yard and parking, adding practical space for customer or operational needs.
Available configurations can fit both smaller and larger requirements within the stated SF range, with the combination of updated interior lighting, roll-up access, and improved outdoor area.
The property has Paso Robles Street frontage, providing a signage opportunity. Outside, the site includes a fenced, newly paved yard and parking, adding practical space for customer or operational needs.
Available configurations can fit both smaller and larger requirements within the stated SF range, with the combination of updated interior lighting, roll-up access, and improved outdoor area.
Key Highlights
- 2,500 SF to 10,350 SF of available flex space
- Four (4) roll‑up doors
- Freshly renovated interiors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$128,348
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,566,960
$2.6M
Cap Rate 7%
$1,833,543
$1.8M
Cap Rate 9%
$1,426,089
$1.4M
Market Conditions
NOI Build-Up for 10,350 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$207.4K $20.04/SF
− Vacancy
−$10.0K −$0.96/SF
EGI
$197.5K $19.08/SF
− OpEx
−$69.1K −$6.68/SF
NOI
$128.3K $12.40/SF
Area
San Luis Obispo County, CA
Vacancy
4.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,566,960
Cap Rate 7%
$1,833,543
Cap Rate 9%
$1,426,089
Alternative Uses
Best Use
Flex RnD
$1.83M
$1.60M – $2.14M
NOI $128,348 @ 7.0% cap · market cap 3.94%
Second Best
Industrial
$1.50M
$1.31M – $1.75M
NOI $105,089 @ 7.0% cap · market cap 3.22%
Theoretical Best
Healthcare Medical
$4.07M
$3.56M – $4.75M
NOI $284,935 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,859
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Freshly renovated flex space with four roll-up doors and a fenced, newly paved yard and parking area.
Where is this flex space located?
The property is located at 1101-1107 Paso Robles St Paso Robles, CA.
What is the asking price?
The asking price for this property is $3,260,250.
What are key features of this property?
This property features: 2,500 SF to 10,350 SF of available flex space; Four (4) roll‑up doors; Freshly renovated interiors
