Retail Shopping Center with
For Sale
$1,549,000
2380 Main Street, Cambria, CA 93428
SINGLE_FAMILY - Cambria, CA
Property Size6,473 SF
Lot Size0.74 Acres
Price / SF$239.30
Days on Market693
Property Features for 2380 Main Street
General Information
Property type
Residential
Property subtype
Retail
Directions
Highway 1 to Main Street.
Subdivision
CAMB - Cambria
Standard status
Active
APN
013242001
Lot size
0.74 Acres
Building Details
Year built
1978
Listing Agency:
Platinum Properties
(805) 226-4204
Listed By:
Heather Roda · License #01353261
(805) 610-9270
Added: Sep 19, 2024
Changed: Jul 27
Last Checked: Aug 12 at 5:06PM
MLS# NS24197475
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully occupied retail shopping center consists of 7 units totaling 6,473 square feet. One tenant currently occupies two units, and the remaining spaces are leased to a mix of local businesses, including two restaurants (JJ’s Pizza and Wild Ginger), a salon, a barber shop, a high-end smoke shop, and a retail store. The property was built in 1978 and includes three storage buildings. The seller re-roofed the property and installed fire sprinklers in October 2025.
The center is located at 2380 Main Street in Cambria, California, on a 32,300-square-foot lot with a 22-space parking lot. The property is zoned commercial retail and is approximately 2 miles from the beach and about 1.4 miles from Highway 1. Water is assigned to the lot, with 4.95 EDU’s assigned and 3.95 EDU’s currently in use.
The center is located at 2380 Main Street in Cambria, California, on a 32,300-square-foot lot with a 22-space parking lot. The property is zoned commercial retail and is approximately 2 miles from the beach and about 1.4 miles from Highway 1. Water is assigned to the lot, with 4.95 EDU’s assigned and 3.95 EDU’s currently in use.
Key Highlights
- Commercial retail building built in 1978 in Cambria, CA; fully occupied with 7 units and 1 tenant occupying two units
- 6,473 SF across 7 units; zoned commercial retail and fully leased to multiple businesses including JJ's Pizza and Wild Ginger
- Lot size 32,300 SF with 22‑space parking lot and 3 storage buildings
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
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
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 occupied retail center with seven units, a 22-space parking lot, and three storage buildings in Cambria.
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: Commercial retail building built in 1978 in Cambria, CA; fully occupied with 7 units and 1 tenant occupying two units; 6,473 SF across 7 units; zoned commercial retail and fully leased to multiple businesses including JJ's Pizza and Wild Ginger; Lot size 32,300 SF with 22‑space parking lot and 3 storage buildings
