Restaurant Building with
For Sale
$1,300,000
1902 Creston Road 9, Paso Robles, CA 93446
A freestanding corner-pad layout includes furnishings, fixtures, and equipment.
Property Size3,300 SF
Price / SF$393.94
Days on Market180
Property Features for 1902 Creston Road 9
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Retail
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Building Details
Building Size
3,300 SF
Buildings
1
Listing Agency:
Archer Wilkinson, Inc.
(805) 234-3537
Listed By:
Bill Carpenter · License #00881534
(805) 439-3269
Source:
Oakstooceanrealestate
Added: May 6
Changed: Oct 30
Last Checked: Oct 30 at 3:25PM
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 Archer Wilkinson, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding restaurant property offers approximately 3,300 square feet of interior space, with a 445 SF patio. The building occupies a corner pad and includes furnishings, fixtures, and equipment. A full liquor license is negotiable.
Key Highlights
- Approximately 3,300 square feet of interior space
- 445 SF patio
- Freestanding building on a corner pad
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,218
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,360
$944.4K
Cap Rate 7%
$674,543
$674.5K
Cap Rate 9%
$524,644
$524.6K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$66.1K $20.04/SF
− Vacancy
−$3.2K −$0.96/SF
EGI
$63.0K $19.08/SF
− OpEx
−$15.7K −$4.77/SF
NOI
$47.2K $14.31/SF
Area
San Luis Obispo County, CA
Vacancy
4.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,360
Cap Rate 7%
$674,543
Cap Rate 9%
$524,644
Alternative Uses
Best Use
Specialty Retail
$674.5K
$590.2K – $787.0K
NOI $47,218 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.30M
$1.14M – $1.51M
NOI $90,849 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
79k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Groceries 43%
Shops & Services 10%
Food 4 Less
Groceries
33,606 visits/mo
0.5 miles
Starbucks
Dining
19,299 visits/mo
0.4 miles
Jack in the Box
Dining
14,092 visits/mo
0.4 miles
Sinclair
Shops & Services
8,256 visits/mo
0.5 miles
Mr. Pickle's Sandwich Shop
Dining
3,554 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A freestanding corner-pad layout includes furnishings, fixtures, and equipment.
Where is this conventional restaurant located?
The property is located at 1902 Creston Road 9 Paso Robles, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approximately 3,300 square feet of interior space; 445 SF patio; Freestanding building on a corner pad
