Versatile Mixed-Use Property For
200230 Station Way, Arroyo Grande, CA 93420
Mixed-use property with office, retail, and residential spaces.
Type:Commercial Sale / Mixed Use
Property size:
19,352 SFPrice / SF:
$335/SF- Added:
- Jun 16, 2025
- Days on Market:
- 352
- Last Refresh:
- Mar 13 at 12:34 pm
Property Features for 200230 Station Way
General Information
- Standard status
- Active
- Size
- 19,352 SF
- Property subtype
- Commercial Sale / Mixed Use
Listing agent Steve Davis License #01843738 (805) 704-5727
Listing office McCarty Davis, Inc. (805) 704-5727
Listing date Jun 16, 2025
Source Compass
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, Inc.
HighLights
- Prime location adjacent to Arroyo Grande's East Village and with easy access to US 101.
- Versatile office/retail development suitable for both owner/users and investors.
- Two tastefully finished apartments ideal for live‑work arrangements.
- Inviting patio spaces.
- Meticulously designed layout.
- Facade changes providing distinct identities to main suites.
Overview
Located adjacent to the East Village in Arroyo Grande, 200 & 230 Station Way offers convenient access to US 101. This mixed-use development is suitable for both owner-users and investors. The property features a layout designed for a diverse tenant mix. Two finished apartments are present, suitable for live-work arrangements, along with patio spaces. The facade has distinct identities for the main suites. The property contains 19,352 square feet.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $510.9k | $26.40 |
| − Vacancy | −$30.7k | −$1.58 |
| EGI | $480.2k | $24.82 |
| − OpEx | −$120.1k | −$6.20 |
| NOI | $360.2k | $18.61 |
19,352 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.15M
$4.50M – $6.00M
NOI $360,179 @ 7.0% cap · market cap 5.54%
Second Best
Retail
$4.49M
$3.93M – $5.24M
NOI $314,385 @ 7.0% cap · market cap 4.84%
Theoretical Best
Healthcare Medical
$7.61M
$6.66M – $8.88M
NOI $532,759 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Live-work space
Location Insight
- Map
- Local Demand
- City
- Arroyo Grande
- County
- San Luis Obispo
- State
- California
- Longitude
- -120.5778683
- Latitude
- 35.1193542
Nearby Similar for Sale
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 200230 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: Prime location adjacent to Arroyo Grande's East Village and with easy access to US 101.; Versatile office/retail development suitable for both owner/users and investors.; Two tastefully finished apartments ideal for live‑work arrangements.
