Leased Warehouse Investment
2115 Willow Rd Arroyo Grande, CA 93420
For Sale
$3,150,000
12,000 sq ft warehouse on 1.86 acres for sale.
Property Size12,000 SF
Lot Size1.86 Acres
Price / SF$262.50
Days on Market141
Property Features for 2115 Willow Rd
General Information
Standard status
Active
Size
12,000 SF
Lot size
1.86 Acres
Property subtype
Industrial
Listing Agency:
McCarty Davis Commercial Real Estate
(805) 543-1801
Listed By:
Steve Davis · License #01843738
(805) 543-1801
Source:
Elliman
Added: Mar 11
Changed: Jul 6
Last Checked: Jul 28 at 7:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McCarty Davis Commercial Real Estate
Investment Insights
Based on property information with market context.
This property features a 12,000 square foot warehouse building, fully leased and situated on approximately 1.86 acres. The property is zoned for industrial use and is located in the County of San Luis Obispo. The current capitalization rate is 8.8%, with a proforma capitalization rate of 9.1%. The property has a large lot size that could potentially accommodate additional building construction. The current site coverage is 15%. A water well is located on-site.
Key Highlights
- 100% Leased Investment Property
- High Current Cap Rate: 8.8%
- Potential for Increased Cap Rate: Proforma 9.1%
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.6k | $13.80 |
| − Vacancy | −$5.5k | −$0.46 |
| EGI | $160.1k | $13.34 |
| − OpEx | −$24.0k | −$2.00 |
| NOI | $136.1k | $11.34 |
12,000 SF · lease $13.80/SF/yr · vacancy 3.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.94M
$1.70M – $2.27M
NOI $136,115 @ 7.0% cap · market cap 4.32%
Second Best
Industrial
$1.74M
$1.52M – $2.03M
NOI $121,842 @ 7.0% cap · market cap 3.87%
Theoretical Best
Healthcare Medical
$4.72M
$4.13M – $5.51M
NOI $330,359 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Monarch Mega Storage — 2015 Olivera Ave, Arroyo Grande, CA 93420
- Central Coast Self Storage — 725 Sheridan Rd, Arroyo Grande, CA 93420
- Willow RV Storage — 2363 Willow Rd, Arroyo Grande, CA 93420
- C & H Storage — 834 Sheridan Rd, Arroyo Grande, CA 93420
- Gilbert Family Fun — 845 Sheridan Rd, Arroyo Grande, CA 93420
Frequently Asked Questions
What type of property is this?
Warehouse - 12,000 sq ft warehouse on 1.86 acres for sale.
Where is this warehouse located?
The property is located at 2115 Willow Rd Arroyo Grande, CA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 100% Leased Investment Property; High Current Cap Rate: 8.8%; Potential for Increased Cap Rate: Proforma 9.1%
