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    974 Griffin St Grover Beach, CA 93433

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    For Sale
    $2,200,000

    Four industrial buildings on a drive-thru lot in Grover Beach.

    Lot size:
    0.76 Acres

    Property Features for 974 Griffin St

    General Information

    Lot size
    0.76 Acres

    Building Details

    Year built
    1995

    Source: Century 21 Masters Agent Mike Sherer

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

    Overview

    Four Industrial Buildings For Sale

    This property features four industrial buildings totaling over 14,000 square feet, situated on a drive-thru lot with double frontage in an active industrial business area. Two smaller buildings are currently owner-occupied and will be leased back. A third building is partially occupied on a month-to-month basis, generating $3,375 per month. The fourth building, approximately 5,000 square feet, is fully leased on a three-year term at $6,050 per month. The property includes 3-phase power and a flexible layout. The estimated CAP Rate is 5.5% with the potential to reach up to 7.6%. This presents an opportunity for investors or owner-users seeking income and functionality in an established commercial corridor. The neighboring parcel at 978 Griffin is also available for $500,000 with the concurrent sale of this property if additional space is needed.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    Majuvi Flowers, Let's Crave It Crepes

    Location Insight

    • Map
    • Local Demand
    City
    Grover Beach
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6217971
    Latitude
    35.1111767

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    FAQs

    What type of property is this?
    Flex space - Four industrial buildings on a drive-thru lot in Grover Beach.
    Where is this flex space located?
    The property is located at 974 Griffin St Grover Beach, CA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Four industrial buildings totaling over 14,000 sqft.; - Established commercial corridor location with double frontage and drive-thru lot.; - Existing leases in place generating income: $3,375/month (partially occupied) and $6,050/month (fully leased).
    (805) 466-9700
    Request Owner's contact information
    974 Griffin St Grover Beach, CA 93433
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    Grover Beach, CA 93433
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    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
    974 Griffin St Grover Beach, CA 93433
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