Downtown Office Building with
1150 Palm ST San Luis Obispo, CA 93401
New
1150 Palm ST, San Luis Obispo, CA, 93401
$4,400,000
For Sale
$4,400,000
Fully occupied office building with private offices, conference rooms, and open work areas, plus on-site parking.
Property Size9,767 SF
Price / SF$450.50
Days on Market3
Property Features for 1150 Palm ST
General Information
- Standard status
- Active
- Size
- 9,767 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1986
Listing agency
Tartaglia Real Estate
(805) 550-4644
Listed by
Natalie Tartaglia · License #01138936
(805) 550-4644
Source
Exitrealty
Added: Jul 19 Updated: Jul 21 at 2:43AM Checked: Jul 21 at 5:26AM
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 Tartaglia Real Estate
Investment Insights
Based on property information with market context.
This fully occupied downtown office building offers 9,767 sf of office space and is supported by 29 on-site parking spaces for clients and staff. The interior is set up for professional use, with private offices, conference rooms, and open office space, along with a kitchen and high-speed fiber optics.
Built in 1986, the property underwent a renovation in 2012 by a local architecture firm. It is located on a prominent corner lot at Palm and Toro and includes a stable tenancy with the current professional firm in place for more than 40 years.
With its established tenant occupancy and professional office configuration, the building is designed for continued use by long-term office occupants.
Built in 1986, the property underwent a renovation in 2012 by a local architecture firm. It is located on a prominent corner lot at Palm and Toro and includes a stable tenancy with the current professional firm in place for more than 40 years.
With its established tenant occupancy and professional office configuration, the building is designed for continued use by long-term office occupants.
Key Highlights
- Fully occupied downtown San Luis Obispo office building on a prominent corner lot at Palm and Toro
- 9,767 SF office building built in 1986 with private offices, conference rooms, and open office space
- 29 on‑site parking spaces for clients and staff
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 | $257.8k | $26.40 |
| − Vacancy | −$15.5k | −$1.58 |
| EGI | $242.4k | $24.82 |
| − OpEx | −$60.6k | −$6.20 |
| NOI | $181.8k | $18.61 |
9,767 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.60M
$2.27M – $3.03M
NOI $181,783 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$3.84M
$3.36M – $4.48M
NOI $268,885 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bogart Fred w ...
Services
Berkefeld Carla
Accounting Firm
Glenn Burdette Phillips ...
Accounting Firm
Glenn Burdette
Accounting Firm
Jones Law
Law Firm
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FAQs
What type of property is this?
Office building - Fully occupied office building with private offices, conference rooms, and open work areas, plus on-site parking.
Where is this office building located?
The property is located at 1150 Palm ST San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Fully occupied downtown San Luis Obispo office building on a prominent corner lot at Palm and Toro; 9,767 SF office building built in 1986 with private offices, conference rooms, and open office space; 29 on‑site parking spaces for clients and staff
