Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6440 Buena Vista Dr Paso Robles, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    38.5 acre parcel near Paso Robles Airport.

    Type:LAND
    Property size:
    1,667,060 SF
    Lot size:
    38.72 Acres
    Price / SF:
    $5/SF
    Added:
    Feb 28, 2024
    Days on Market:
    786
    Last Refresh:
    Apr 5 at 8:44 pm

    Property Features for 6440 Buena Vista Dr

    General Information

    Standard status
    Active
    Size
    1,667,060 SF
    Lot size
    38.72 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Mike Tingus
    Mike Tingus

    Listing agent Mike Tingus License #01013724

    Listing office Lee & Associates

    Listing date Feb 28, 2024

    Source Moodyscre

    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 Lee & Associates

    Overview

    Paso Robles Development Opportunity

    This 38.5-acre parcel is located near the Paso Robles Airport, presenting a development opportunity in northern San Luis Obispo County. Zoned RAPD (Restricted Agriculture), the property could potentially be up-zoned to commercial use, aligning with the adjacent 130-acre master-planned mixed-use development, “The Landing”, by Majestic Realty. The Paso Robles Wine Service building is situated immediately to the north, with Stravinsky’s project for Daou Winery under construction beyond that. The property offers access to Highways 101 and 46 and is in close proximity to Paso Robles’ Municipal Airport and the Paso Robles Tech Corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Department Store Food Market HVAC Service Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paso Robles
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.642
    Latitude
    35.673

    Nearby Similar for Sale

    • $506,000
      1,078 SF

      Downtown Paso Robles Office Suite

      Move-in ready office suite in a desirable Paso Robles location.
      1104 Vine, Paso Robles, CA 93446
      View Details
    • $2,359,000
      5,000 SF

      Remodeled Paso Robles Apartment Building

      Recently remodeled 10-unit apartment building in Paso Robles, CA.
      3505 Spring, Paso Robles, CA 93446
      View Details
    • $750,000
      1,290 SF

      Charming Paso Robles Commercial Gem

      Classic craftsman-style property with commercial and residential potential.
      1545 Park Street, Paso Robles, CA 93446
      View Details
    • $1,349,000
      10,450 SF

      Paso Robles Commercial Facility

      Mixed-use commercial facility with ramp access at Paso Robles Airport.
      3150 Propeller B & C Drive, Paso Robles, CA 93446
      View Details
    • $1,245,000
      2,632 SF

      Paso Robles Triplex Investment Opportunity

      Desirable triplex near downtown Paso Robles with income and upside.
      2221 Oak Street, Paso Robles, CA 93446
      View Details
    • $2,359,000
      5,000 SF

      Remodeled Apartment Building in Paso Robles

      Recently remodeled 10-unit apartment building in Paso Robles, CA.
      3505 Spring, Paso Robles, CA 93446
      View Details
    • $675,000

      Paso Robles Acreage with Well

      126-acre Paso Robles land with well and seasonal ponds.
      0 Cypress Mountain Drive, Paso Robles, CA 93465
      View Details
    • $875,000
      2,100 SF

      Charming Duplex in Paso Robles

      Westside investment property near downtown Paso Robles with two units.
      309 15th Street & 311, Paso Robles, CA 93446
      View Details
    • $695,000
      1,345 SF

      Downtown Paso Robles Office Building

      Charming office building in downtown Paso Robles with parking.
      1115 Vine Street, Paso Robles, CA 93446
      View Details
    • $525,000

      54-Acre Land with Valley Views

      Land with views suitable for development near Paso Robles.
      0 Yosemite Place, Paso Robles, CA 93446
      View Details
    • $7,995,000

      Paso Robles Vineyard Opportunity

      655 acre Paso Robles vineyard with planting potential.
      0 Adelaida Road, Paso Robles, CA 93446
      View Details
    • $215,000

      Paso Robles Westside Land Opportunity

      Build your dream home on this Paso Robles parcel.
      153 Pacific Avenue, Paso Robles, CA 93446
      View Details

    FAQs

    What type of property is this?
    Land - 38.5 acre parcel near Paso Robles Airport.
    Where is this land located?
    The property is located at 6440 Buena Vista Dr Paso Robles, CA.
    What is the asking price?
    The asking price for this property is $8,385,000.
    What are key features of this property?
    This property features: 38.5 acre parcel in the path of growth near Paso Robles Airport.; Zoned RAPD with potential for up‑zoning to commercial use.; Adjacent to the 130 acre master planned mixed use development, “The Landing”, by Majestic Realty.
    (818) 223-4380 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Tingus
    Mike Tingus
    Real Estate License ID: 01013724
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!