Fully Occupied Cambria Commercial
For Sale
$1,549,000
2380 Main Street, Cambria, CA 93428
Fully leased commercial property in Cambria's bustling retail district.
Property Size6,473 SF
Lot Size0.74 Acres
Price / SF$239.30
Days on Market692
Property Features for 2380 Main Street
General Information
Standard status
Active
Size
6,473 SF
Lot size
0.74 Acres
Property subtype
Retail
Amenities
3
24 Parking Spaces.
Building Details
Year Built
1978
Listing Agency:
Platinum Properties
(805) 226-4204
Listed By:
Platinum Properties · License #01353261
Source:
Xome
Added: Sep 17, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:40AM
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 Platinum Properties
Investment Insights
Based on property information with market context.
Located in Cambria, California, this fully occupied commercial property presents an investment opportunity in a high-visibility location. Cambria attracts locals and tourists and is situated approximately halfway between San Francisco and Los Angeles, 34 miles north of San Luis Obispo and 9 miles south of Hearst Castle. The property is located 2 miles from the beach and 1.4 miles from Highway 1. The commercial retail property spans 6,473 square feet across 7 units, with one tenant occupying two units. It is fully leased to businesses, including two restaurants, JJ's Pizza and Wild Ginger, the boutique Sea & Green, a salon, barber shop and a smoke shop. Built in 1978, the property is on the market for the first time. The lot encompasses 32,300 square feet and includes a 22-space parking lot and three storage buildings. The lot has 4.95 EDU’s of water assigned to it, with 3.95 EDU’s currently in use. The seller re-roofed the property and installed fire sprinklers in October 2025.
Key Highlights
- Fully occupied commercial property in a high‑visibility location in Cambria, California.
- Prime location in Cambria's bustling retail district, ensuring steady foot traffic for tenants.
- Diverse tenant mix including two restaurants, a boutique, a salon, a barber shop, and a smoke shop.
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
$105,158
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
6.79%
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%
$2,103,160
$2.1M
Cap Rate 7%
$1,502,257
$1.5M
Cap Rate 9%
$1,168,422
$1.2M
Market Conditions
NOI Build-Up for 6,473 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
$155.4K $24.00/SF
− Vacancy
−$5.1K −$0.79/SF
EGI
$150.2K $23.21/SF
− OpEx
−$45.1K −$6.96/SF
NOI
$105.2K $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 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%
$2,103,160
Cap Rate 7%
$1,502,257
Cap Rate 9%
$1,168,422
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $105,158 @ 7.0% cap · market cap 6.79%
Second Best
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,619 @ 7.0% cap · market cap 5.98%
Theoretical Best
Healthcare Medical
$2.55M
$2.23M – $2.97M
NOI $178,201 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93428, CA
5,951
Population
4,199
Households
1.4
Avg Household Size
62
Median Age
44%
College-Educated
93%
High-School Grad
77.3 sq mi
ZIP Area
77
Density / Sq Mi
$89,225
Median Household Income
$34,001
Median Earnings
$1,909
Median Rent
$869,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased commercial property in Cambria's bustling retail district.
Where is this shopping center located?
The property is located at 2380 Main Street Cambria, CA.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Fully occupied commercial property in a high‑visibility location in Cambria, California.; Prime location in Cambria's bustling retail district, ensuring steady foot traffic for tenants.; Diverse tenant mix including two restaurants, a boutique, a salon, a barber shop, and a smoke shop.
