End-Unit Second-Floor Office
For Sale
$199,000
24-935 Riverside Ave, Paso Robles, CA 93446
Second-floor end-unit office condo with reception, private offices, open work area, kitchenette, and private restroom.
Property Size800 SF
Price / SF$248.75
Days on Market138
Property Features for 24-935 Riverside Ave
General Information
Standard status
Active
Size
800 SF
Additional Details
Highway Access
Yes
Amenities
covered balcony entry with exposed wood-beam ceiling
kitchenette
private restroom with granite vanity
on-site parking
Listing Agency:
Central Coast Sotheby's International Realty
(805) 781-6040
Listed By:
Lisa Lewis · License #01492410
(805) 239-3310
Source:
Exprealty
Added: Jun 12
Changed: Oct 25
Last Checked: Oct 26 at 7:29PM
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 Central Coast Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This end-unit, second-floor office condo offers a client-facing layout with a reception area, a built-in pass-through desk, multiple private offices, and a spacious open work area. The unit includes a kitchenette with upper and lower cabinetry and a private restroom with a granite vanity. Finishes feature rich mahogany millwork, custom wainscoting, detailed door casings, and frosted-glass French doors, along with a covered balcony entry with an exposed wood-beam ceiling.
Located at Alliance Square on Riverside Ave in Paso Robles, the property is described as being steps from the new Ava Hotel and within minutes of downtown dining, wine tasting rooms, and retail. The offering notes abundant on-site parking, excellent visibility, and quick freeway access.
The space is positioned for professional use that benefits from an end-unit configuration and a mix of reception, private office, and open work areas.
Located at Alliance Square on Riverside Ave in Paso Robles, the property is described as being steps from the new Ava Hotel and within minutes of downtown dining, wine tasting rooms, and retail. The offering notes abundant on-site parking, excellent visibility, and quick freeway access.
The space is positioned for professional use that benefits from an end-unit configuration and a mix of reception, private office, and open work areas.
Key Highlights
- 800 SF +/- second‑floor end‑unit office condo in Alliance Square
- Client‑facing layout with reception area, built‑in pass‑through desk, and multiple private offices
- Open work area plus kitchenette with full upper and lower cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,890
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,800
$297.8K
Cap Rate 7%
$212,714
$212.7K
Cap Rate 9%
$165,444
$165.4K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$21.1K $26.40/SF
− Vacancy
−$1.3K −$1.58/SF
EGI
$19.9K $24.82/SF
− OpEx
−$5.0K −$6.20/SF
NOI
$14.9K $18.61/SF
Area
San Luis Obispo County, CA
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,800
Cap Rate 7%
$212,714
Cap Rate 9%
$165,444
Alternative Uses
Best Use
Office B
$212.7K
$186.1K – $248.2K
NOI $14,890 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$314.6K
$275.3K – $367.1K
NOI $22,024 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,859
Businesses Nearby
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 Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor end-unit office condo with reception, private offices, open work area, kitchenette, and private restroom.
Where is this office unit located?
The property is located at 24-935 Riverside Ave Paso Robles, CA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 800 SF +/- second‑floor end‑unit office condo in Alliance Square; Client‑facing layout with reception area, built‑in pass‑through desk, and multiple private offices; Open work area plus kitchenette with full upper and lower cabinetry
