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

    197 W Grand Ave 1 Grover Beach, CA 93433

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3 SF/Yr

    Commercial condos in a modern luxury development, ideal for retail.

    Type:Commercial
    Added:
    Apr 14, 2026
    Days on Market:
    16
    Last Refresh:
    Apr 14 at 6:35 am

    Property Features for 197 W Grand Ave 1

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    2027

    We can help!

    Listing Contact
    Jason Hart
    Jason Hart

    Listing agent Jason Hart License #01334694

    Listing office Hart Commercial Real Estate

    Listing date Apr 14, 2026

    Source Elliman

    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 Hart Commercial Real Estate

    Overview

    Retail Space in New Development

    Two ground floor commercial condos are available for lease within Trinity, a new development by Coastal Community Builders. Trinity is a modern luxury development featuring 16 townhomes and 7 condominiums, located at the entrance to Grover Beach. The location is suitable for restaurants, coffee shops, and various retail uses. Trinity is part of six new developments in Grover Beach’s West End. The property benefits from a built-in customer base of nearly 200 new residences, in addition to tourist traffic attracted by the Grand Ave beach entrance. One unit includes an additional 536 square feet of covered patio space, available at $1.50 per square foot. The location has a walk score of 81, indicating it is very walkable, and a bike score of 66, indicating it is bikeable.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Grover Beach
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.619
    Latitude
    35.1287

    Nearby Similar for Lease

    • $3 SF/Yr

      Grover Beach Commercial Lease Opportunity

      Commercial condos in a new luxury development, ideal for retail.
      197 W Grand Avenue, Grover Beach, CA 93433
      View Details
    • $3 SF/Yr

      Commercial Space in Grover Beach

      Prime commercial condos ideal for restaurants and retail uses.
      197 W Grand Avenue, Grover Beach, CA 93433
      View Details
    • Contact for pricing

      Grover Beach Commercial Lease Opportunity

      New commercial condos in luxury development, ideal for retail.
      401 W Grand Avenue, Grover Beach, CA 93433
      View Details
    • Contact for pricing

      Grover Beach Commercial Lease Opportunity

      New commercial condos available in Grover Beach's growing downtown.
      401 W Grand Avenue, Grover Beach, CA 93433
      View Details
    • Contact for pricing

      Grover Beach Commercial Lease Opportunity

      New commercial condos available for lease in Grover Beach, CA.
      401 W Grand Avenue, Grover Beach, CA 93433
      View Details
    • Contact for pricing

      Commercial Space in Grover Beach

      New commercial condos available for lease in Grover Beach, CA.
      401 W Grand Avenue, Grover Beach, CA 93433
      View Details
    • Contact for pricing

      Grover Beach Office Space Available

      Spacious 3,690 SF office suite in Grover Beach, CA.
      998 Huston Street, Grover Beach, CA 93433
      View Details
    • Contact for pricing

      New Retail Space in Grover

      Prime commercial condos available in Grover Beach's growing downtown.
      401 W Grand Ave, Grover Beach, CA 93433
      View Details
    • $1.00 SF/Yr

      Grover Beach Industrial/Office Space

      Industrial and office space available for lease in Grover Beach.
      390 Manhattan Ave, Grover Beach, CA
      View Details
    • Contact for pricing

      Retail Suite in Grover Beach

      Retail suite available for lease in Grover Beach, California.
      1758 W Grand Ave, Grover Beach, CA 93433
      View Details
    • Contact for pricing

      Prime Commercial Location in Grover

      High-visibility commercial space in a centralized, high-traffic location.
      1800 E Grand Ave, Grover Beach, CA 93433
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial condos in a modern luxury development, ideal for retail.
    Where is this retail space located?
    The property is located at 197 W Grand Ave 1 Grover Beach, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: Prime location in Grover Beach's new West End, part of a signature series development.; Ground floor commercial condo suitable for restaurants, coffee shops, and retail.; Built‑in customer base of nearly 200 high‑end residences.
    (805) 709-6491
    We can help!
    Listing Contact
    Jason Hart
    Jason Hart
    Real Estate License ID: 01334694
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!