Corner Mixed-Use
For Sale
$1,500,000
816 Main St, Cambria, CA 93428
Multiple retail and office suites create a varied commercial configuration with prominent storefront exposure.
Property Size4,615 SF
Price / SF$325.03
Days on Market77
Property Features for 816 Main St
General Information
Standard status
Active
Size
4,615 SF
Additional Details
Corner Location
Yes
Amenities
shared common-area restrooms
Building Details
Year Built
1966
Buildings
1
Tenancy
Multi
Listing Agency:
Central Coast Sotheby's International Realty
(805) 927-1200
Listed By:
Leslie Dougherty
Source:
Myfabuloushome
Added: Jun 16
Changed: Aug 30
Last Checked: Aug 30 at 6:58PM
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 Central Coast Sotheby's International Realty
Investment Insights
Based on property information with market context.
This mixed-use commercial building combines ground-floor retail with upper-level office and boutique spaces in a ten-unit configuration. The property encompasses approximately 4,615 square feet on a corner parcel and includes shared common-area restrooms serving tenants and ownership. Expansive storefront windows and distinctive rooflines contribute to the building’s recognizable street presence.
Located at 816 Main Street in Cambria’s West Village, the property sits near shops, galleries, and restaurants. Retail suites face Main Street, while the upper-level spaces offer additional room for professional or specialty uses. Many units are occupied by long-standing tenants, and the configuration includes both retail and office components.
Located at 816 Main Street in Cambria’s West Village, the property sits near shops, galleries, and restaurants. Retail suites face Main Street, while the upper-level spaces offer additional room for professional or specialty uses. Many units are occupied by long-standing tenants, and the configuration includes both retail and office components.
Key Highlights
- Approximately 4,615 square feet on a corner parcel
- Ten‑unit mixed‑use building with retail and office suites
- Ground‑level retail exposure along Main Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,894
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,717,880
$1.7M
Cap Rate 7%
$1,227,057
$1.2M
Cap Rate 9%
$954,378
$954.4K
Market Conditions
NOI Build-Up for 4,615 SF
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.
Gross rent
$121.8K $26.40/SF
− Vacancy
−$7.3K −$1.58/SF
EGI
$114.5K $24.82/SF
− OpEx
−$28.6K −$6.20/SF
NOI
$85.9K $18.61/SF
Area
San Luis Obispo County, CA
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,717,880
Cap Rate 7%
$1,227,057
Cap Rate 9%
$954,378
Alternative Uses
Best Use
Office B
$1.23M
$1.07M – $1.43M
NOI $85,894 @ 7.0% cap · market cap 5.73%
Second Best
Retail
$1.07M
$937.2K – $1.25M
NOI $74,973 @ 7.0% cap · market cap 5.00%
Theoretical Best
Healthcare Medical
$1.82M
$1.59M – $2.12M
NOI $127,051 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 93428, CA
5,951
Population
4,199
Households
1.4
Avg Household Size
62
Median Age
44%
College-Educated
93%
High-School Grad
77.3 sq mi
ZIP Area
77
Density / Sq Mi
$89,225
Median Household Income
$34,001
Median Earnings
$1,909
Median Rent
$869,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple retail and office suites create a varied commercial configuration with prominent storefront exposure.
Where is this mixed-use property located?
The property is located at 816 Main St Cambria, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 4,615 square feet on a corner parcel; Ten‑unit mixed‑use building with retail and office suites; Ground‑level retail exposure along Main Street
