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

    2440 El Camino Real Atascadero, CA 93422

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New construction industrial/flex space for lease in Atascadero.

    Lot size:
    0.68 Acres

    Property Features for 2440 El Camino Real

    General Information

    Property type
    Industrial
    Standard status
    Active
    Lot size
    0.68 Acres

    We can help!

    Listing Contact
    Corban Holland
    Source: Elliman

    Listing Agency: Pacifica Commercial Realty Listing Agent: Corban Holland

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

    Learn more

    Overview

    New Industrial Flex Space

    New construction industrial and flex space is available for lease at 2440 El Camino Real in Atascadero, California. The property features two buildings, each approximately 4,335 square feet, that can be divided into smaller units to accommodate various tenant sizes. The location is ideal for contractors, warehousing, light manufacturing, storage, and service-based businesses. The property is located within the CPK (Commercial Park) zoning district. Fifteen on-site parking spaces are available. The property provides convenient access to Highway 101 and the greater North County market.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Similar Places Nearby

    Colony Culture

    Location Insight

    • Map
    • Local Demand
    City
    Atascadero
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6970364
    Latitude
    35.5106075

    Nearby Similar for Lease

    • Contact for pricing

      Prime Office Space Available

      Second floor office space in a busy shopping plaza.
      2300 El Camino Real, Atascadero, CA 93422
      View Details
    • $10,270 /Mo

      Atascadero Retail Space Available

      Prime retail space in successful shopping center with major tenants.
      7065 El Camino Real, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Atascadero Office Space For Rent

      Second floor office space in a busy shopping plaza.
      2300 El Camino Real, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Commercial Space with Large Parking

      Approximately 1,700 SF commercial space available for lease.
      8115 El Camino Real, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Atascadero Office Space Available

      Upstairs office space with private offices and abundant parking.
      5805 Capistrano Ave E/F, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Atascadero Office Space Sublease

      Approximately 1,600 SF upstairs office space available for sublease.
      5905 Capistrano Ave, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Atascadero Executive Office Suites

      Executive office suites available for sublease in Atascadero, CA.
      8865 Morro Rd, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Retail Space with Large Parking

      Commercial space available for rent with ample parking.
      8115 El Camino Real, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Atascadero Office Space Available

      Upstairs office space with private offices and abundant parking.
      5805 Capistrano Ave E/F, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Atascadero Office Space Sublease

      Approximately 1,600 SF upstairs office space available for sublease.
      5905 Capistrano Ave, Atascadero, CA 93422
      View Details
    • $1.75 SF/Yr
      3,515 SF

      Office/Warehouse with Yard For Rent

      Office/warehouse with yard, suitable for auto service/repair.
      7475 El Camino Real, Atascadero, CA 93422
      View Details
    • Contact for pricing
      17,340 SF

      Retail Space in El Camino Real

      Stand-alone retail building with drive-through in shopping center.
      7055 El Camino Real, Atascadero, CA 93422
      View Details

    FAQs

    What type of property is this?
    Flex space - New construction industrial/flex space for lease in Atascadero.
    Where is this flex space located?
    The property is located at 2440 El Camino Real Atascadero, CA.
    What are key features of this property?
    This property features: - New Construction: Brand-new industrial/flex space.; - Prime Location: Situated on El Camino Real in Atascadero.; - Flexible Space Options: Units can be demised into smaller sizes to suit various tenant needs.
    (805) 237-4040
    Request Owner's contact information
    2440 El Camino Real Atascadero, CA 93422
    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.
    2440 El Camino Real
    Atascadero, CA 93422
    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
    2440 El Camino Real Atascadero, CA 93422
    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
    Corban Holland
    Real Estate License ID: 01836854
    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!