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 Market304
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 McCarty · License #01843738
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
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 = 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
$524,519
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
6.36%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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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.
