Versatile Industrial Building in San Luis
For Sale
Contact for pricing
143 Suburban Rd, San Luis Obispo, CA
46,242 SF industrial building suitable for various uses.
Property Size46,242 SF
Lot Size2.72 Acres
Price / SF$178.41
Days on Market350
Property Features for 143 Suburban Rd
General Information
Standard status
Active
Size
46,242 SF
Lot size
2.72 Acres
Property subtype
INDUSTRIAL
Listing Agency:
McCarty Davis Commercial Real Estate
(805) 543-1801
Listed By:
Steve Davis · License #01843738
(805) 704-5727
Source:
Moodyscre
Added: Nov 1, 2025
Changed: Aug 8
Last Checked: Jul 29 at 7:47AM
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
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Investment Insights
Based on property information with market context.
The property at 143 Suburban Rd, San Luis Obispo, CA, offers a 46,242 square foot building on a 2.67-acre parcel. Originally constructed in 1984 and recently renovated on the exterior, the facility is suitable for a single user or multiple tenants. Historically used for manufacturing, storage, and distribution, the property can support a wide range of industrial uses. The building features 3-phase, 2,000-amp power. Functional features include ten 8’ x 8’ grade-level loading doors and a large yard/parking area. This asset is suitable for both owner-users and investors.
Key Highlights
- Versatile ±46,242 SF building suitable for single or multi‑tenant use.
- Substantial 3‑phase, 2,000‑amp power supply for power‑intensive operations.
- Functional features include ten grade‑level 8’ x 8’ loading doors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$524,519
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,490,380
$10.5M
Cap Rate 7%
$7,493,129
$7.5M
Cap Rate 9%
$5,827,989
$5.8M
Market Conditions
NOI Build-Up for 46,242 SF
Gross rent
$638.1K $13.80/SF
− Vacancy
−$21.1K −$0.46/SF
EGI
$617.1K $13.34/SF
− OpEx
−$92.6K −$2.00/SF
NOI
$524.5K $11.34/SF
Area
San Luis Obispo County, CA
Vacancy
3.30%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,490,380
Cap Rate 7%
$7,493,129
Cap Rate 9%
$5,827,989
Alternative Uses
Best Use
Warehouse
$7.49M
$6.56M – $8.74M
NOI $524,519 @ 7.0% cap · market cap 6.36%
Second Best
Industrial
$6.71M
$5.87M – $7.83M
NOI $469,518 @ 7.0% cap · market cap 5.69%
Theoretical Best
Healthcare Medical
$18.19M
$15.91M – $21.22M
NOI $1,273,039 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - 46,242 SF industrial building suitable for various uses.
Where is this manufacturing property located?
The property is located at 143 Suburban Rd San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $8,250,000.
What are key features of this property?
This property features: Versatile ±46,242 SF building suitable for single or multi‑tenant use.; Substantial 3‑phase, 2,000‑amp power supply for power‑intensive operations.; Functional features include ten grade‑level 8’ x 8’ loading doors.
