Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6440 Buena Vista Dr Paso Robles, CA 93446

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $8,385,000

    38.5 acre parcel near Paso Robles Airport.

    Property size:
    1,667,060 SF
    Lot size:
    38.72 Acres

    Property Features for 6440 Buena Vista Dr

    General Information

    Size
    1,667,060 SF
    Lot size
    38.72 Acres

    We can help!

    Listing Contact
    Mike Tingus
    Mike Tingus
    Source: Moodyscre

    Listing Agent: Mike Tingus

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    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 Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Department Store Food Market HVAC Service

    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
    -120.6417785
    Latitude
    35.6730153

    Nearby Similar for Sale

    • $695,000
      1,345 SF

      Downtown Paso Robles Office Building

      Charming office building in downtown Paso Robles with parking.
      1115 Vine St, Paso Robles, CA 93446
      View Details
    • New
      $7,995,000
      28,531,800.00 Acres

      Paso Robles Vineyard Opportunity

      655 acre Paso Robles vineyard with planting potential.
      Adelaida Rd, Paso Robles, CA 93446
      View Details
    • $4,500,000
      11,020,680.00 Acres

      253-Acre Irrigated Farm Ground

      253-acre Paso Robles farm with irrigation, grazing, and residences.
      13625 Ea Hwy 46, Paso Robles, CA 93446
      View Details
    • $4,999,999
      2,047,320.00 Acres

      Paso Robles Vineyard Estate

      47-acre vineyard estate in Paso Robles' Willow Creek District.
      3000 Oakdale Rd, Paso Robles, CA 93446
      View Details
    • $4,999,999
      1,500 SF

      Paso Robles Vineyard Estate

      47-acre vineyard estate with tasting room in Paso Robles.
      3000 Oakdale Rd, Paso Robles, CA 93446
      View Details
    • $300,000
      2,500 SF

      Turnkey Restaurant & Sports Bar

      Thriving restaurant and bar in the heart of Paso Robles.
      12th 729, Paso Robles, CA 93446
      View Details
    • $3,500,000
      4,557 SF

      Paso Robles Winery Estate

      40-acre Paso Robles winery with residence, tasting room, and production.
      2023 Twelve Oaks Dr, Paso Robles, CA 93446
      View Details
    • $1,275,000
      6,926,040.00 Acres

      Paso Robles Grazing Land

      159 acres of grazing land in Paso Robles, California.
      Creston Rd, Paso Robles, CA 93446
      View Details
    • $2,000,000
      3,993,145.00 Acres

      Established Vineyard in Paso Robles

      91.6-acre vineyard property in the desirable Willow Creek AVA.
      Peachy Canyon Rd, Paso Robles, CA 93446
      View Details
    • $2,300,000
      430,373.00 Acres

      Entitled Winery Development Opportunity

      9.88-acre site entitled for 157,000+ sq. ft. winery.
      5185 Airport Rd, Paso Robles, CA 93446
      View Details
    • $1,750,000
      5,675,432.40 Acres

      Paso Robles Vineyard Opportunity

      130+/- acre vineyard in Paso Robles Estrella District.
      1600 Adobe Rd, Paso Robles, CA 93446
      View Details
    • $575,000
      1,078 SF

      Move-in Ready Office Suite

      Professional office suite in a desirable Paso Robles business district.
      1104 Vine St, 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
    Request Owner's contact information
    6440 Buena Vista Dr Paso Robles, CA 93446
    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.
    6440 Buena Vista Dr
    Paso Robles, CA 93446
    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
    6440 Buena Vista Dr Paso Robles, CA 93446
    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

    We can help!
    Listing Contact
    Mike Tingus
    Mike Tingus
    Real Estate License ID: 01013724 (CA)
    (818) 223-4380
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.