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    689 Tank Farm 230&240 San Luis Obispo, CA 93401

    For Sale
    $2,950,000

    Prime investment property with easy access to downtown and the highway.

    Lot size:
    0.18 Acres

    Property Features for 689 Tank Farm 230&240

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    2006

    Source: Trujillo Commercial Real Estate Group Agent Rodney Trujillo

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

    Overview

    San Luis Obispo Investment Property

    This investment property is located at the corner of Broad Street and Tank Farm Road in San Luis Obispo, offering convenient access to downtown, the highway, and the SLO Airport. Suite 240, comprising 2,490 square feet, is currently leased. Suite 230, which is also leased at $1.75 per square foot NNN, offers 5,561 square feet of space. It features an open floorplan, eight offices, a conference room, and a lobby area. The building includes an elevator and common area restrooms. The second-floor suites offer views.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.621
    Latitude
    35.2383

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    FAQs

    What type of property is this?
    Office space - Prime investment property with easy access to downtown and the highway.
    Where is this office space located?
    The property is located at 689 Tank Farm 230&240 San Luis Obispo, CA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Prime location at the intersection of Broad Street and Tank Farm Road.; - Currently leased suites providing immediate income.; - Suite 230 offers a large 5,561/sf space with **open floorplan, 8 offices, conference room, and lobby.**
    (805) 439-4733
    Request Owner's contact information
    689 Tank Farm 230&240 San Luis Obispo, CA 93401
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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
    689 Tank Farm 230&240 San Luis Obispo, CA 93401
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