Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    487 Madonna Rd San Luis Obispo, CA 93405

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3 SF/Yr ($1,785 /Mo)

    Retail space available in high-traffic shopping center on Madonna Road.

    Property size:
    7,143 SF
    Lot size:
    0.43 Acres

    Property Features for 487 Madonna Rd

    General Information

    Size
    7,143 SF
    Lot size
    0.43 Acres

    Source: Lockehouse Retail Group Agent Mike Hieshima

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

    Overview

    Retail Space in Regional Center

    This retail space is located within a regional shopping center that contains over 256,000 square feet of retail buildings situated on 16.5 acres next to Madonna Plaza. The location benefits from high traffic, with over 62,634 Average Daily Traffic (ADT) along Highway 101. The shopping center features Sprouts and REI, with Hobby Lobby coming soon. The property is located in an area experiencing high residential growth.
    Insight Report Location Intelligence

    Current Use by Public Records

    Smoke & Vape Vaporizer Store Mike's Shoes Shoe Store Bitcoin ATM San ... Currency Exchange Service GameStop Video Game Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    California DMV Now Kiosk, Laguna Village Shopping Center, Slo Promenade, Prefumo Creek Commons, TENWISE PARK

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6778077
    Latitude
    35.2600602

    Nearby Similar for Lease

    • Contact for pricing
      6,500 SF

      Turn-key Restaurant/Brewery in San Luis Obispo

      6,500 SF restaurant/brewery space available for lease.
      114 Tank Farm Rd, San Luis Obispo, CA 93401
      View Details
    • $1.75 SF/Yr
      2,159 SF

      San Luis Obispo Office Space

      Professional office building near airport with upscale finishes and furnishings.
      735 Tank Farm Rd, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      1,660 SF

      San Luis Obispo Office Space

      Office suite with reception, conference room, and open work area.
      225 Prado Rd, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      660 SF

      Office Space in San Luis Obispo

      Two-office layout suitable for sales or therapy with a view.
      225 Prado Rd, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      5,940 SF

      San Luis Obispo Restaurant Opportunity

      Freeway visible restaurant space with EV charging station potential.
      1585 Calle Joaquin, San Luis Obispo, CA 93405
      View Details
    • Contact for pricing
      33,500 SF

      SLO Ranch Farm Marketplace Lease

      Commercial spaces available in new SLO Ranch Farm and Marketplace.
      Froom Ranch Way, San Luis Obispo, CA 93401
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in high-traffic shopping center on Madonna Road.
    Where is this shopping center located?
    The property is located at 487 Madonna Rd San Luis Obispo, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location: Over 62,634 ADT along Highway 101.; - Rarely available anchor position in a high-performing regional shopping center.; - Located in a high residential growth area.
    (650) 692-3400
    Request Owner's contact information
    487 Madonna Rd San Luis Obispo, CA 93405
    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.
    487 Madonna Rd
    San Luis Obispo, CA 93405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    487 Madonna Rd San Luis Obispo, CA 93405
    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
    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.