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

    201 W Price St Nipomo, CA

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

    Approximately 16.5 acres with gentle rolling hills and views.

    Type:LAND
    Property size:
    718,740 SF
    Lot size:
    16.50 Acres
    Price / SF:
    $1.67/SF
    Added:
    Jan 11, 2023
    Days on Market:
    1205
    Last Refresh:
    Apr 5 at 10:24 pm

    Property Features for 201 W Price St

    General Information

    Standard status
    Active
    Size
    718,740 SF
    Lot size
    16.50 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Kenneth B. Emmer

    Listing agent Kenneth B. Emmer

    Listing office San Luis Obispo County Realty

    Listing date Jan 11, 2023

    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 San Luis Obispo County Realty

    Overview

    Nipomo Land with Highway Access

    Available for sale is a property encompassing approximately 16.5 acres. The land features gentle rolling hills and offers views. The property benefits from excellent access to Highway 101.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Nipomo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.471
    Latitude
    35.0442

    Nearby Similar for Sale

    • $950,000

      Land Parcel in West Nipomo

      8.6 acre parcel with well and utilities in Nipomo.
      571 S Oakglen Avenue, Nipomo, CA 93444
      View Details
    • $849,000
      1,064 SF

      Prime Nipomo Development Opportunity

      Development-ready commercial property in the heart of Nipomo's civic center.
      267 W Tefft St, Nipomo, CA 93444
      View Details
    • $710,000

      Upgraded Duplex Investment Opportunity

      Nipomo duplex with income potential and recent upgrades.
      770 Beverly, Nipomo, CA 93444
      View Details
    • $849,000
      1,064 SF

      Development Opportunity in Nipomo

      Prime 15,000 SF CR-zoned property in Nipomo's civic center.
      267 W Tefft, Nipomo, CA 93444
      View Details
    • $1,600,000

      47+ Acre Organic Farmland

      47.33 acres of organic farmland with high-production agricultural well.
      0 Indiana Way, Nipomo, CA 93444
      View Details
    • $675,000

      1.16 Acres Commercial Land Available

      1.16 acres near Grocery Outlet, Tractor Supply, and Wendy’s.
      549 Hill St, Nipomo, CA
      View Details
    • $1,375,000

      Holloway's Christmas Tree Farm

      10.82 acres with established business and freeway exposure.
      424 Bermuda, Nipomo, CA 93444
      View Details
    • $1,299,000
      114,998 SF

      Commercial Land For Sale

      2.64 acres of commercial land available for retail use.
      170 Magenta Ln, Nipomo, CA
      View Details
    • $1,200,000

      Nipomo Creek Adjacent Land Parcel

      16.5 acre parcel adjacent to Nipomo Creek with utilities.
      90111003 W Price Street, Nipomo, CA 93444
      View Details

    FAQs

    What type of property is this?
    Land - Approximately 16.5 acres with gentle rolling hills and views.
    Where is this land located?
    The property is located at 201 W Price St Nipomo, CA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: ±16.5 Acres Available; Excellent access to Hwy 101; Gentle rolling hills
    (805) 305-9662 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kenneth B. Emmer
    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!