Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1877 El Camino Real Atascadero, CA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail, office, and flex spaces available in Atascadero, CA.

    Type:RETAIL
    Property size:
    8,864 SF
    Lot size:
    8.83 Acres
    Added:
    Jul 21, 2025
    Days on Market:
    256
    Last Refresh:
    Mar 29 at 11:10 pm

    Property Features for 1877 El Camino Real

    General Information

    Standard status
    Active
    Size
    8,864 SF
    Lot size
    8.83 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1877 El Camino Real Contact us

    We can help!

    Listing Contact
    Phil A. Fontes

    Listing agent Phil A. Fontes

    Listing office ASU Commercial

    Listing date Jul 21, 2025

    Source Moodyscre

    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 ASU Commercial

    Overview

    Retail Space in New Development

    This property is part of a new development currently under construction. The development is anchored by a 32,400 square foot Valley Fresh Market. Pad and in-line spaces are available, along with office and flex space. The property offers 8,864 square feet of retail space and is located at 1877 El Camino Real, Atascadero, CA.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Accounting Firm Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atascadero
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.697
    Latitude
    35.515

    Nearby Similar for Lease

    • $1.75/mo

      Office/Warehouse with Yard For Rent

      Office/warehouse with yard, suitable for auto service/repair.
      7475 El Camino Real, Atascadero, CA
      View Details
    • Contact for pricing

      New Industrial Flex Space

      New construction industrial/flex space for lease in Atascadero.
      2440 El Camino Real, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Atascadero Executive Office Suites

      Executive office suites available for sublease in Atascadero, CA.
      8865 Morro Rd, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Retail Space in El Camino Real

      Stand-alone retail building with drive-through in shopping center.
      7055 El Camino Real, Atascadero, CA
      View Details
    • $3/mo

      Retail Space in New Development

      Retail, office, and flex spaces available in Atascadero, CA.
      1875 El Camino Real, Atascadero, CA
      View Details
    • $3/mo

      New Retail Development Under Construction

      New retail and flex spaces available, anchored by Valley Fresh.
      El Camino Real & Del Rio Rd, Atascadero, CA
      View Details
    • Contact for pricing

      Prime Retail Space in Plaza

      Retail space in a busy shopping plaza with highway visibility.
      2280 El Camino Real, ATASCADERO, CA, 93422-1538
      View Details
    • Contact for pricing

      Retail Space with Highway Visibility

      Retail space with visibility and easy highway access for rent.
      4180 El Camino Real, Atascadero, CA
      View Details
    • Contact for pricing

      Retail Space Near Highway 101

      Retail property with high visibility and easy highway access.
      4160 El Camino Real, Atascadero, CA
      View Details
    • Contact for pricing

      Retail Space Near Highway 101

      Retail property with high visibility and easy highway access.
      3980 El Camino Real, Atascadero, CA
      View Details
    • Contact for pricing

      Retail Space in Colony Square

      Retail leasing opportunity in downtown Atascadero's Colony Square.
      6917 El Camino Real, Atascadero, CA 93422
      View Details
    • $0.65/mo

      Retail Space For Rent

      In-line retail space available for rent.
      8120-8280 El Camino Real, Atascadero, CA
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail, office, and flex spaces available in Atascadero, CA.
    Where is this shopping center located?
    The property is located at 1877 El Camino Real Atascadero, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: Anchored by a 32,400 sf Valley Fresh Market; New development under construction; Excellent pad space available for various business opportunities
    (661) 885-6949 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Phil A. Fontes
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!