Paso Robles Industrial
For Sale
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1750 Commerce Way, Paso Robles, CA 93446
Industrial building featuring roll-up doors, loading dock, and fire sprinklers.
Property Size25,804 SF
Price / SF$155.01
Days on Market102
Property Features for 1750 Commerce Way
General Information
Standard status
Active
Size
25,804 SF
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates | San Luis Obispo
(805) 218-5766
Listed By:
Alex Olsen · License #01126609
(805) 218-5766
Source:
Moodyscre
Added: May 21
Changed: Aug 8
Last Checked: Aug 29 at 2:11PM
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 Lee & Associates | San Luis Obispo
Investment Insights
Based on property information with market context.
This industrial building features four roll-up doors, each approximately 14.5 feet by 12.5 feet. The building has a 17-foot clear height and a full loading dock. Fire sprinklers are installed throughout the building. The roof and HVAC system have been recently replaced. The electrical system includes a 1600 AMP, 3-Phase, 480V service with a main disconnect, distributed branch panels, step-down transformers (480V to 240/120V), and multiple subpanels throughout the building. The property has a size of 25804 square feet.
Key Highlights
- High electrical capacity: 1600 AMP, 3‑Phase, 480V service with comprehensive distribution
- Features four large roll‑up doors (+/- 14.5 ft by +/- 12.5 ft) and one full loading dock
- 17’ clear height
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
$262,001
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
6.55%
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%
$5,240,020
$5.2M
Cap Rate 7%
$3,742,871
$3.7M
Cap Rate 9%
$2,911,122
$2.9M
Market Conditions
NOI Build-Up for 25,804 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
$387.1K $15.00/SF
− Vacancy
−$12.8K −$0.50/SF
EGI
$374.3K $14.50/SF
− OpEx
−$112.3K −$4.35/SF
NOI
$262.0K $10.15/SF
Area
San Luis Obispo County, CA
Vacancy
3.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$5,240,020
Cap Rate 7%
$3,742,871
Cap Rate 9%
$2,911,122
Alternative Uses
Best Use
Industrial
$3.74M
$3.28M – $4.37M
NOI $262,001 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$10.15M
$8.88M – $11.84M
NOI $710,382 @ 7.0% cap · market cap 17.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 93446, CA
45,979
Population
19,786
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
428.3 sq mi
ZIP Area
107
Density / Sq Mi
$94,512
Median Household Income
$43,229
Median Earnings
$1,946
Median Rent
$661,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial building featuring roll-up doors, loading dock, and fire sprinklers.
Where is this industrial property located?
The property is located at 1750 Commerce Way Paso Robles, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: High electrical capacity: 1600 AMP, 3‑Phase, 480V service with comprehensive distribution; Features four large roll‑up doors (+/- 14.5 ft by +/- 12.5 ft) and one full loading dock; 17’ clear height
