Retail Storefront
1121 Broad Street San Luis Obispo, CA 93401
1121 Broad Street, San Luis Obispo, CA, 93401
Contact for pricing
For Sale
Contact for pricing
For-sale retail storefront property offering a practical space for neighborhood commercial use.
Property Size3,800 SF
Price / SF$460.53
Days on Market44
Property Features for 1121 Broad Street
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1929
Listing agency
Central Coast | Sotheby's International Realty
(805) 712-9375
Listed by
Julianne DesJardins · License #01982316
Source
Crexi
Added: Jun 9 Updated: Jul 22 at 11:40AM Checked: Jul 22 at 11:40AM
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
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
Local Financial Insights For Retail
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 | $91.2k | $24.00 |
| − Vacancy | −$3.0k | −$0.79 |
| EGI | $88.2k | $23.21 |
| − OpEx | −$26.5k | −$6.96 |
| NOI | $61.7k | $16.25 |
3,800 SF · lease $24.00/SF/yr · vacancy 3.30% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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
