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    197 Suburban Rd San Luis Obispo, CA 93401

    For Sale
    $6,900,000

    Large manufacturing-zoned parcel with development options and freeway access.

    Lot size:
    7.29 Acres

    Property Features for 197 Suburban Rd

    General Information

    Lot size
    7.29 Acres

    Source: Colliers Tingey International Inc. Agent Preston Thomas

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

    Overview

    San Luis Obispo Manufacturing Parcel

    This is a large parcel zoned for manufacturing located in the City of San Luis Obispo. The zoning allows for a variety of uses. The property is a level, rectangular parcel that offers multiple development options, including mini storage, warehouse or industrial facilities, and single-tenant owner or user buildings. Subdivision into smaller commercial lots is also a possibility. The property benefits from easy access to the freeway. The owner may consider carrying back a first trust deed.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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.

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6672413
    Latitude
    35.2442961

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    FAQs

    What type of property is this?
    Land - Large manufacturing-zoned parcel with development options and freeway access.
    Where is this land located?
    The property is located at 197 Suburban Rd San Luis Obispo, CA.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: - Largest Manufacturing (M) Zoned Parcel in San Luis Obispo; - Rare and Desirable Zoning Allows Many Uses; - Level, Rectangular Parcel Ideal for Development
    (805) 544-3900
    Request Owner's contact information
    197 Suburban Rd San Luis Obispo, CA 93401
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    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
    197 Suburban Rd San Luis Obispo, CA 93401
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