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

    200 Station Way Arroyo Grande, CA 93420

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Mixed-use property with office, retail, and residential spaces.

    Type:Mixed Use, Office
    Property size:
    19,352 SF
    Added:
    Apr 15, 2024
    Days on Market:
    733
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 200 Station Way

    General Information

    Standard status
    Active
    Size
    19,352 SF
    Property subtype
    Mixed Use, Office

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Steve Davis

    Listing agent Steve Davis License #CA 01843738

    Listing office McCarty Davis Commercial Real Estate

    Listing date Apr 15, 2024

    Source Crexi

    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

    Overview

    Versatile Mixed-Use Arroyo Grande Property

    The property at 200 & 230 Station Way in Arroyo Grande offers a versatile mixed-use development suitable for both owner-users and investors. The 19,352 square foot property is adjacent to the East Village and provides easy access to US 101. The meticulously designed layout features two finished apartments, suitable for live-work arrangements, and inviting patio spaces. The property caters to a diverse tenant mix. Changes in the facade provide distinct identities to the main suites, creating a comfortable environment.
    Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Arroyo Grande
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.5793776
    Latitude
    35.1202214

    Nearby Similar for Sale

    • $2,100,000
      3,518 SF

      Retail Space in Arroyo Grande

      Retail space in Arroyo Grande's premier commercial corridor.
      1375 E Grand Ave, Arroyo Grande, CA
      View Details
    • Contact for pricing
      16,320 SF

      Freestanding Retail Building in Arroyo Grande

      Former Rite Aid building in high-traffic area near US-101.
      1650 E Grand Ave, Arroyo Grande, CA
      View Details
    • $1,600,000
      1,814 SF

      Commercial Property Near Major Intersection

      Commercial property near a busy intersection in Arroyo Grande.
      1165-1167 East Grand Avenue, Arroyo Grande, CA 93420
      View Details
    • $6,500,000
      19,352 SF

      Versatile Mixed-Use Property For Sale

      Mixed-use property with office, retail, and residential spaces.
      200230 Station Way, Arroyo Grande, CA 93420
      View Details
    • $5,320,000
      26,750 SF

      Leased Retail Spaces For Sale

      100% leased retail spaces available in Arroyo Grande, CA.
      1400-1488 E Grand Ave, Arroyo Grande, CA
      View Details
    • $4,150,000
      747,866 SF

      Arroyo Grande Commercial Nursery Operation

      Approximately 60 acres with extensive greenhouse and support structures.
      808 Albert, Arroyo Grande, CA 93420
      View Details
    • $6,500,000
      19,352 SF

      Mixed-Use Property in Arroyo Grande

      Two buildings with suites, apartments, and parking in Arroyo Grande.
      200-230 Station Way, Arroyo Grande, CA
      View Details
    • $2,876,400

      72-Acre Lemon Ranch Opportunity

      72-acre lemon ranch suitable for estate development.
      Rancho Rd, Arroyo Grande, CA
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with office, retail, and residential spaces.
    Where is this mixed-use property located?
    The property is located at 200 Station Way Arroyo Grande, CA.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: Versatile office/retail development suitable for owner/users and investors.; Two tastefully finished apartments ideal for live‑work arrangements.; Located adjacent to the charming East Village.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve Davis
    Real Estate License ID: CA 01843738
    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!