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    3980 El Camino Real Atascadero, CA 93422

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    For Lease
    Contact for pricing

    Retail property with high visibility and easy highway access.

    Property size:
    9,000 SF
    Lot size:
    7.87 Acres

    Property Features for 3980 El Camino Real

    General Information

    Size
    9,000 SF
    Lot size
    7.87 Acres

    We can help!

    Listing Contact
    Natalie V. Wagner
    Source: Moodyscre

    Listing Agent: Natalie V. Wagner

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

    Learn more

    Property Insight Report

    Overview

    Retail Space Near Highway 101

    This retail property offers opportunities for big box stores in a market with high barriers to entry. The location provides visibility from Highway 101 and easy access on and off the highway. The trade area encompasses over 100,000 people. The estimated delivery date for the property is Q2 2025. The property size is 20,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Primo Water Exchange Big Box & Wholesale Store Sears Appliance Repair Home Appliance Store ATM Atm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Atascadero
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6843613
    Latitude
    35.4992022

    Nearby Similar for Lease

    • Contact for pricing

      Prime Office Space Available

      Second floor office space in a busy shopping plaza.
      2300 El Camino Real, Atascadero, CA 93422
      View Details
    • $10,270 /Mo

      Atascadero Retail Space Available

      Prime retail space in successful shopping center with major tenants.
      7065 El Camino Real, Atascadero, CA 93422
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      Prime Retail Space in Plaza

      Retail space in a busy shopping plaza with highway visibility.
      2280 El Camino Real, Atascadero, CA 93422
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      Atascadero Office Space For Rent

      Second floor office space in a busy shopping plaza.
      2300 El Camino Real, Atascadero, CA 93422
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    • Contact for pricing

      Commercial Space with Large Parking

      Approximately 1,700 SF commercial space available for lease.
      8115 El Camino Real, Atascadero, CA 93422
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    • Contact for pricing

      Atascadero Office Space Available

      Upstairs office space with private offices and abundant parking.
      5805 Capistrano Ave E/F, Atascadero, CA 93422
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    • Contact for pricing

      Atascadero Office Space Sublease

      Approximately 1,600 SF upstairs office space available for sublease.
      5905 Capistrano Ave, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Atascadero Executive Office Suites

      Executive office suites available for sublease in Atascadero, CA.
      8865 Morro Rd, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Retail Space with Large Parking

      Commercial space available for rent with ample parking.
      8115 El Camino Real, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Atascadero Office Space Available

      Upstairs office space with private offices and abundant parking.
      5805 Capistrano Ave E/F, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Atascadero Flex Space For Lease

      Light industrial space in gated Atascadero business park for lease.
      2712 San Ramon Rd, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Atascadero Office Space Sublease

      Approximately 1,600 SF upstairs office space available for sublease.
      5905 Capistrano Ave, Atascadero, CA 93422
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail property with high visibility and easy highway access.
    Where is this shopping center located?
    The property is located at 3980 El Camino Real Atascadero, CA.
    What are key features of this property?
    This property features: - **Visibility from Highway 101**; - **Easy Access On and Off Highway 101**; - Over 100K People in the Trade Area
    (650) 692-3400 Call to check price and availability
    Request Owner's contact information
    3980 El Camino Real Atascadero, CA 93422
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    Atascadero, CA 93422
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    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
    3980 El Camino Real Atascadero, CA 93422
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Natalie V. Wagner
    (650) 692-3400 (805) 576-8436
    Learn more
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