Clear-Span Retail
2191 Parker St, San Luis Obispo, CA 93401
For Sale
Contact for pricing
Versatile clear-span retail building with strong South Street exposure and convenient freeway access for occupants.
Property Size8,230 SF
Price / SF$230.26
Days on Market148
Property Features for 2191 Parker St
General Information
Standard status
Size
Property subtype
Listing Agency:
Anderson Commercial Real Estate Services
(805) 543-1400
Listed By:
Derek Senn · License #01252131
(805) 801-7352
Source:
Moodyscre
Added: Jun 15
Changed: Oct 31
Last Checked: Nov 8 at 6:11AM
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 Anderson Commercial Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale retail building offers a versatile, clear-span interior that can support a range of merchandising and layout needs. The property is sized at 8,230 square feet, providing an open configuration that many retailers and service uses can adapt to their operations.
The building is positioned for retail exposure along South Street, with close freeway access intended to support convenient customer access and day-to-day logistics. This combination of visibility and access can be valuable for businesses seeking a straightforward commercial footprint.
For tenants, buyers, or operators looking for flexibility, the clear-span format can simplify planning and reconfiguration as needs change. The retail focus of the asset, combined with its street exposure and proximity to freeway access, makes it a practical option for occupiers that want a single, adaptable space rather than a highly segmented layout.
The building is positioned for retail exposure along South Street, with close freeway access intended to support convenient customer access and day-to-day logistics. This combination of visibility and access can be valuable for businesses seeking a straightforward commercial footprint.
For tenants, buyers, or operators looking for flexibility, the clear-span format can simplify planning and reconfiguration as needs change. The retail focus of the asset, combined with its street exposure and proximity to freeway access, makes it a practical option for occupiers that want a single, adaptable space rather than a highly segmented layout.
Key Highlights
- Versatile clear‑span retail building
- Excellent retail exposure on South Street
- Convenient freeway access for occupants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,701
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,674,020
$2.7M
Cap Rate 7%
$1,910,014
$1.9M
Cap Rate 9%
$1,485,567
$1.5M
Market Conditions
NOI Build-Up for 8,230 SF
Gross rent
$197.5K $24.00/SF
− Vacancy
−$6.5K −$0.79/SF
EGI
$191.0K $23.21/SF
− OpEx
−$57.3K −$6.96/SF
NOI
$133.7K $16.25/SF
Area
San Luis Obispo County, CA
Vacancy
3.30%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,674,020
Cap Rate 7%
$1,910,014
Cap Rate 9%
$1,485,567
Alternative Uses
Best Use
Retail
$1.91M
$1.67M – $2.23M
NOI $133,701 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$3.24M
$2.83M – $3.78M
NOI $226,571 @ 7.0% cap · market cap 11.96%
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
1,239
Businesses Nearby
Explore this area
Business Placement
Demographics for 93401, CA
29,877
Population
14,363
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
64.2 sq mi
ZIP Area
465
Density / Sq Mi
$95,386
Median Household Income
$47,898
Median Earnings
$1,859
Median Rent
$943,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in San Luis Obispo County, CA
Properties on Market for Retail space in San Luis Obispo County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Versatile clear-span retail building with strong South Street exposure and convenient freeway access for occupants.
Where is this retail space located?
The property is located at 2191 Parker St San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Versatile clear‑span retail building; Excellent retail exposure on South Street; Convenient freeway access for occupants
