Highway 41 Office
7623 Morro Road Atascadero, CA 93422
7623 Morro Road, Atascadero, CA, 93422
$495,000
For Sale
$495,000
Well-maintained office unit with ample parking and desirable features.
Property Size1,900 SF
Price / SF$260.53
Days on Market446
Property Features for 7623 Morro Road
General Information
- Standard status
- Active
- Size
- 1,900 SF
- Property subtype
- Commercial/Industrial
Listing Agency
Platinum Properties
(805) 550-7323
Listed by
Carrie Schechter · License #01460918
(805) 550-7323
Source
Exitrealty
Added: May 1, 2025 Checked: Jul 19 at 5:18 am
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 Platinum Properties
Investment Insights
Based on property information with market context.
Located off Highway 41 on Morro Road, this 1,900-square-foot commercial real estate unit offers an opportunity for business ownership. The well-maintained complex has curb appeal and ample parking. The interior features several workstations, three private workrooms, and two bathrooms. An outside patio is also included.
Key Highlights
- Ideal location off Highway 41/Morro Rd.
- Well‑maintained complex suitable for business owners.
- Ample parking.
Local Financial Insights For Office B
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 | $50.2k | $26.40 |
| − Vacancy | −$3.0k | −$1.58 |
| EGI | $47.2k | $24.82 |
| − OpEx | −$11.8k | −$6.20 |
| NOI | $35.4k | $18.61 |
1,900 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$505.2K
$442.0K – $589.4K
NOI $35,363 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$747.2K
$653.8K – $871.8K
NOI $52,307 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Noel Laboratories, Inc
Dental Office
Wash Your Paws ...
Pet Grooming Service
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FAQs
What type of property is this?
Office units - Well-maintained office unit with ample parking and desirable features.
Where is this office units located?
The property is located at 7623 Morro Road Atascadero, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Ideal location off Highway 41/Morro Rd.; Well‑maintained complex suitable for business owners.; Ample parking.
