Mixed-Use Investment
1140 E Grand Ave Arroyo Grande, CA 93420
For Sale
Contact for pricing
6,000 SF mixed-use asset with residential and commercial units, currently 100% occupied.
Property Size6,000 SF
Price / SF$224.83
Days on Market27
Property Features for 1140 E Grand Ave
General Information
Standard status
Active
Size
6,000 SF
Property subtype
RETAIL
Listing Agency:
Trujillo Commercial Real Estate Group
(805) 439-4733
Listed By:
Rod Trujillo · License #01388764
Source:
Moodyscre
Added: Jul 3
Changed: Jul 27
Last Checked: Jul 28 at 4:05PM
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 Trujillo Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This mixed-use property at 1140 E Grand Ave in Arroyo Grande includes a strong mix of residential and commercial units within approximately 6,000 square feet, with 100% occupancy in place. The offering is presented as a turnkey asset designed to provide immediate rental performance.
Located on Arroyo Grande’s main commercial corridor, the property is described as having excellent visibility and easy Highway 101 access. Ample on-site parking supports day-to-day operations for both residents and commercial tenants.
The surrounding area includes established businesses such as Nova Coffee and Adventist Health, reflecting a developed retail and services presence nearby. The property is offered for sale at $1,399,000, with a stated 7.41 cap rate.
Located on Arroyo Grande’s main commercial corridor, the property is described as having excellent visibility and easy Highway 101 access. Ample on-site parking supports day-to-day operations for both residents and commercial tenants.
The surrounding area includes established businesses such as Nova Coffee and Adventist Health, reflecting a developed retail and services presence nearby. The property is offered for sale at $1,399,000, with a stated 7.41 cap rate.
Key Highlights
- ~6,000 SF mixed‑use property with a mix of residential and commercial units
- Currently 100% occupied with residential and commercial tenancy
- Offered at $1,399,000 with a 7.41 cap rate
Financial Insights For Apartment 5plus
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 | $216.0k | $36.00 |
| − Vacancy | −$5.4k | −$0.90 |
| EGI | $210.6k | $35.10 |
| − OpEx | −$94.8k | −$15.80 |
| NOI | $115.8k | $19.31 |
6,000 SF · lease $36.00/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.65M
$1.45M – $1.93M
NOI $115,830 @ 7.0% cap · market cap 8.59%
Second Best
Retail
$1.39M
$1.22M – $1.62M
NOI $97,474 @ 7.0% cap · market cap 7.23%
Theoretical Best
Healthcare Medical
$2.36M
$2.06M – $2.75M
NOI $165,180 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - 6,000 SF mixed-use asset with residential and commercial units, currently 100% occupied.
Where is this mixed-use property located?
The property is located at 1140 E Grand Ave Arroyo Grande, CA.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: ~6,000 SF mixed‑use property with a mix of residential and commercial units; Currently 100% occupied with residential and commercial tenancy; Offered at $1,399,000 with a 7.41 cap rate
