Flex Industrial Building with Roll-Up
For Sale
$2,400,000
Pending
2200 Golden Hl El Paso de Robles, Paso Robles, CA 93446
A 100% occupied flex industrial property with NNN tenant leases, multiple entrances, and three roll-up doors.
Property Size15,741 SF
Days on Market74
Property Features for 2200 Golden Hl El Paso de Robles
General Information
Standard status
Pending
Size
15,741 SF
Total Parking Spaces
37
Property subtype
Industrial
Zoning
C-3
Occupancy
100%
Warehouse & Industrial
Drive-In Doors
3
Sprinkler System
Yes
Building Details
Building Size
15,741 SF
Year Built
2002
Tenancy
Multi
Listing Agency:
Pacifica Commercial Realty
(805) 237-4040
Listed By:
Corban Holland · License #01836854
(805) 237-4040
Source:
Elliman
Added: Jun 10
Changed: Aug 14
Last Checked: Aug 14 at 6:21AM
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 Pacifica Commercial Realty
Investment Insights
Based on property information with market context.
The offering is a flex industrial/commercial building totaling 115,741 SF, occupied by two established tenants under NNN lease structures. The property includes a fire sprinkler system, multiple storefront entrances, and three roll-up doors, supported by four separate electrical services. Parking is available for 37 vehicles.
Located at 2200 Golden Hl in Paso Robles, the property sits within a growing commercial corridor. The asset is served by flexible C-3 Commercial/Light Industrial zoning, supporting light industrial and commercial uses consistent with the building’s design.
This property is positioned for an investor seeking immediate occupancy through current NNN tenants, with a lease expiration in 2026 for the primary tenant. It also offers an owner-user pathway given the flexibility of the C-3 Commercial/Light Industrial zoning and the building’s multiple access points and roll-up capabilities. Prospective buyers and tenants can evaluate the current lease terms, future occupancy scenarios, and the building’s utility arrangement when considering fit and operations.
Located at 2200 Golden Hl in Paso Robles, the property sits within a growing commercial corridor. The asset is served by flexible C-3 Commercial/Light Industrial zoning, supporting light industrial and commercial uses consistent with the building’s design.
This property is positioned for an investor seeking immediate occupancy through current NNN tenants, with a lease expiration in 2026 for the primary tenant. It also offers an owner-user pathway given the flexibility of the C-3 Commercial/Light Industrial zoning and the building’s multiple access points and roll-up capabilities. Prospective buyers and tenants can evaluate the current lease terms, future occupancy scenarios, and the building’s utility arrangement when considering fit and operations.
Key Highlights
- Single 15,741 SF commercial property built in 2002 on NNN lease structures and 100% occupied by two established tenants
- C‑3 Commercial/Light Industrial zoning with multiple storefront entrances and three roll‑up doors
- 37 on‑site parking spaces for tenant and customer use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$195,200
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,904,000
$3.9M
Cap Rate 7%
$2,788,571
$2.8M
Cap Rate 9%
$2,168,889
$2.2M
Market Conditions
NOI Build-Up for 15,741 SF
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.
Gross rent
$315.4K $20.04/SF
− Vacancy
−$15.1K −$0.96/SF
EGI
$300.3K $19.08/SF
− OpEx
−$105.1K −$6.68/SF
NOI
$195.2K $12.40/SF
Area
San Luis Obispo County, CA
Vacancy
4.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,904,000
Cap Rate 7%
$2,788,571
Cap Rate 9%
$2,168,889
Alternative Uses
Best Use
Flex RnD
$2.79M
$2.44M – $3.25M
NOI $195,200 @ 7.0% cap · market cap 8.13%
Second Best
Warehouse
$2.55M
$2.23M – $2.98M
NOI $178,549 @ 7.0% cap · market cap 7.44%
Theoretical Best
Healthcare Medical
$6.19M
$5.42M – $7.22M
NOI $433,348 @ 7.0% cap · market cap 18.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A 100% occupied flex industrial property with NNN tenant leases, multiple entrances, and three roll-up doors.
Where is this flex space located?
The property is located at 2200 Golden Hl El Paso de Robles Paso Robles, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Single 15,741 SF commercial property built in 2002 on NNN lease structures and 100% occupied by two established tenants; C‑3 Commercial/Light Industrial zoning with multiple storefront entrances and three roll‑up doors; 37 on‑site parking spaces for tenant and customer use
