End-Unit Second-Floor Office
24-935 Riverside Ave Paso Robles, CA 93446
For Sale
$212,500
Second-floor end-unit office condo with reception, private offices, open work area, kitchenette, and private restroom.
Property Size800 SF
Price / SF$265.63
Days on Market47
Property Features for 24-935 Riverside Ave
General Information
Standard status
Active
Size
800 SF
Listing Agency:
Central Coast Sotheby's International Realty
(805) 239-3310
Listed By:
Lisa Lewis · License #01492410
(805) 239-3310
Source:
Exprealty
Added: Jun 13
Changed: Jul 27
Last Checked: Jul 27 at 11:12AM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.1k | $26.40 |
| − Vacancy | −$1.3k | −$1.58 |
| EGI | $19.9k | $24.82 |
| − OpEx | −$5.0k | −$6.20 |
| NOI | $14.9k | $18.61 |
800 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$212.7K
$186.1K – $248.2K
NOI $14,890 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$314.6K
$275.3K – $367.1K
NOI $22,024 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Second-floor end-unit office condo with reception, private offices, open work area, kitchenette, and private restroom.
Where is this office units 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 $212,500.
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
