Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1401 E Park St, Unit El Paso de Robles Paso Robles, CA 93446

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $8,000 /Mo

    Restaurant space for sublease in downtown Paso Robles, CA.

    Lot size:
    0.32 Acres

    Property Features for 1401 E Park St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.32 Acres

    We can help!

    Listing Contact
    James Dimauro
    James Dimauro
    Source: Elliman

    Listing Agent: James Dimauro

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

    Learn more

    Overview

    Restaurant Space with Outdoor Seating

    This fully improved commercial space, currently operating as a restaurant, is available for sublease with landlord approval. The existing business is relocating and seeking a new tenant for the remaining three years of the lease, which includes options. The property features a walk-in cooler and an Ansul fire suppression system. Some existing equipment will remain on-site; a detailed list will be provided. Situated in downtown Paso Robles, California, the corner parcel benefits from outdoor seating. This restaurant space is located in a great location and is ready for business.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Law Firm Real Estate Agency 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
    Paso Robles
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6906702
    Latitude
    35.6290555

    Nearby Similar for Lease

    • $15,000 /Mo
      2,731,648 SF

      Paso Robles Winery & Event Venue

      Premier winery and event venue for lease in Paso Robles.
      4295 Union Rd, Paso Robles, CA 93446
      View Details
    • Contact for pricing

      Modern Warehouse Flex Space Available

      Stand-alone flex space in a popular business park.
      2105 Wisteria Ln, Paso Robles, CA 93446
      View Details
    • Contact for pricing
      3,317 SF

      Retail Space in Paso Robles

      Retail space available in shopping center with anchor tenants.
      2425 Golden Hill Rd, Paso Robles, CA 93446
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space in Paso Robles

      Retail space available within a shopping center anchored by Lowe’s.
      2421 Golden Hill Rd, Paso Robles, CA 93446
      View Details
    • Contact for pricing
      26,100 SF

      Retail Space in Paso Robles

      Retail space available in a shopping center with anchor tenants.
      2421-2445 Golden Hill Rd, Paso Robles, CA 93446
      View Details
    • $8,000 /Mo

      Restaurant Space with Outdoor Seating

      Fully improved restaurant space for sublease in downtown Paso Robles.
      1401 E Park St, Paso Robles, CA 93446
      View Details
    • Contact for pricing

      Industrial/Wine Storage Facility Sublease

      93,789 SF divisible industrial/wine storage facility available for sublease.
      3230 Riverside Ave, Paso Robles, CA 93446
      View Details
    • Contact for pricing

      Paso Robles Industrial Warehouse

      Versatile 9805 SF industrial warehouse in Paso Robles for lease.
      2758 Danley Ct, Paso Robles, CA 93446
      View Details
    • Contact for pricing

      Warehouse Flex Space For Lease

      Newer warehouse flex space in a popular business park.
      2103 Wisteria Ln, Paso Robles, CA 93446
      View Details
    • Contact for pricing

      Paso Robles Shopping Center Space

      Retail spaces in high-traffic shopping center with major anchors.
      Niblick Rd, Paso Robles, CA 93446
      View Details
    • Contact for pricing

      Retail Space in Woodland Plaza

      Retail space available in a regional shopping center.
      Niblick Rd, Paso Robles, CA 93446
      View Details
    • $1.49 SF/Yr

      Renovated Flex/Industrial Property For Rent

      Renovated flex/industrial space with Highway 101 access.
      1101 Paso Robles St, Paso Robles, CA 93446
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant space for sublease in downtown Paso Robles, CA.
    Where is this conventional restaurant located?
    The property is located at 1401 E Park St, Unit El Paso de Robles Paso Robles, CA.
    What is the lease rate?
    The lease rate is $8,000 /Mo.
    What are key features of this property?
    This property features: - Fully improved restaurant space ready for business.; - Great downtown Paso Robles location on a corner parcel with outdoor seating.; - Existing lease with three years remaining and options (subject to Landlord approval).
    (805) 570-7934
    Request Owner's contact information
    1401 E Park St, Unit El Paso de Robles Paso Robles, CA 93446
    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.
    1401 E Park St, Unit El Paso de Robles
    Paso Robles, CA 93446
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1401 E Park St, Unit El Paso de Robles Paso Robles, CA 93446
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    James Dimauro
    James Dimauro
    Real Estate License ID: 01176027
    (805) 570-7934 (805) 237-1228
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!