Single-Story Professional Office
1102 Laurel Ln San Luis Obispo, CA 93401
1102 Laurel Ln, San Luis Obispo, CA, 93401
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For Sale
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Single-story professional office building with 46 parking spaces and a flexible layout across 10,527 square feet.
Property Size10,527 SF
Price / SF$303.51
Days on Market420
Property Features for 1102 Laurel Ln
General Information
- Standard status
- Active
- Size
- 10,527 SF
- Property subtype
- Office
Building Details
- Year Built
- 1980
Listing agency
JB Enterprises
Listed by
Adam Buttery · License #1078984
Source
Crexi
Added: May 29, 2025 Updated: Jul 22 at 4:30AM Checked: Jul 22 at 4:30AM
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 JB Enterprises
Investment Insights
Based on property information with market context.
This single-story professional office building offers a 10,527-square-foot layout designed to accommodate a range of office operations. The property is configured for client and employee accessibility, supported by ample on-site parking.
Located on a prominent corner lot, the building is positioned for high visibility and convenient access. Parking includes 46 total spaces, including two handicapped spaces.
With a flexible floor plan and turnkey office environment, the building is well suited for corporate offices or professional firms seeking a dedicated office facility with straightforward parking access.
Located on a prominent corner lot, the building is positioned for high visibility and convenient access. Parking includes 46 total spaces, including two handicapped spaces.
With a flexible floor plan and turnkey office environment, the building is well suited for corporate offices or professional firms seeking a dedicated office facility with straightforward parking access.
Key Highlights
- 10,527 SF single‑story professional office building built in 1980
- Corner location with high visibility and easy accessibility
- 46 parking spaces including 2 handicapped spaces; parking ratio of 1 per 228 SF
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $277.9k | $26.40 |
| − Vacancy | −$16.7k | −$1.58 |
| EGI | $261.2k | $24.82 |
| − OpEx | −$65.3k | −$6.20 |
| NOI | $195.9k | $18.61 |
10,527 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.80M
$2.45M – $3.27M
NOI $195,929 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$4.14M
$3.62M – $4.83M
NOI $289,807 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Law Dennis D
Law Firm
Wall Scott W
Law Firm
FedEx Drop Box
Postal Service
Andre, Morris & Buttery
Law Firm
Mirolla J Todd
Law Firm
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FAQs
What type of property is this?
Office building - Single-story professional office building with 46 parking spaces and a flexible layout across 10,527 square feet.
Where is this office building located?
The property is located at 1102 Laurel Ln San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: 10,527 SF single‑story professional office building built in 1980; Corner location with high visibility and easy accessibility; 46 parking spaces including 2 handicapped spaces; parking ratio of 1 per 228 SF
