Retail Storefront
For Sale
$1,750,000
1121 Broad Street, San Luis Obispo, CA 93401
For-sale retail storefront property offering a practical space for neighborhood commercial use.
Property Size3,800 SF
Days on Market144
Property Features for 1121 Broad Street
General Information
Standard status
Active
Size
3,800 SF
Zoning
C-D
Amenities
Central
Building Details
Building Size
3,800 SF
Year Built
1929
Stories
1
Listing Agency:
Central Coast Sotheby's International Realty
Listed By:
Julianne DesJardins · License #01982316
(805) 712-9375
Source:
Evrealestate
Added: Jun 5
Changed: Oct 25
Last Checked: Oct 24 at 6:04PM
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 Central Coast Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This for-sale retail storefront property is offered as a commercial real estate opportunity within the retail property category. The offering includes retail space sized at approximately 3,800 square feet, suitable for a range of storefront-oriented uses.
The property is located at 1121 Broad Street in San Luis Obispo, California, providing a street-facing commercial address for customer access.
With its retail storefront configuration and dedicated retail footprint, the space is positioned for businesses seeking a dedicated street-level presence.
The property is located at 1121 Broad Street in San Luis Obispo, California, providing a street-facing commercial address for customer access.
With its retail storefront configuration and dedicated retail footprint, the space is positioned for businesses seeking a dedicated street-level presence.
Key Highlights
- Built in 1929
- Retail storefront property suited for neighborhood commercial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,733
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,234,660
$1.2M
Cap Rate 7%
$881,900
$881.9K
Cap Rate 9%
$685,922
$685.9K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$91.2K $24.00/SF
− Vacancy
−$3.0K −$0.79/SF
EGI
$88.2K $23.21/SF
− OpEx
−$26.5K −$6.96/SF
NOI
$61.7K $16.25/SF
Area
San Luis Obispo County, CA
Vacancy
3.30%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,234,660
Cap Rate 7%
$881,900
Cap Rate 9%
$685,922
Alternative Uses
Best Use
Retail
$881.9K
$771.7K – $1.03M
NOI $61,733 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.49M
$1.31M – $1.74M
NOI $104,614 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,613
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 93401, CA
29,877
Population
14,363
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
64.2 sq mi
ZIP Area
465
Density / Sq Mi
$95,386
Median Household Income
$47,898
Median Earnings
$1,859
Median Rent
$943,500
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
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- Coastal Pool Center — 265 Pacific St, San Luis Obispo, CA 93401
- Central Coast Cactus and Succulent Society — 520 Dana St, San Luis Obispo, CA 93401
- Open Air Flowers — 1003 Osos St, San Luis Obispo, CA 93401
Frequently Asked Questions
What type of property is this?
Storefront property - For-sale retail storefront property offering a practical space for neighborhood commercial use.
Where is this storefront property located?
The property is located at 1121 Broad Street San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Built in 1929; Retail storefront property suited for neighborhood commercial use
