New
For Sale
$550,000
271 W Dana, Nipomo, CA 93444
Nipomo, CA
Property Size1,208 SF
Lot Size0.31 Acres
Price / SF$455.30
Days on Market3
Property Features for 271 W Dana
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 2, Laundry Room, Bathroom 2
Parking
2
Subdivision
Nipomo(340)
Lot features
Rectangular Lot
Elementary school district
Lucia Mar Unified
Middle school district
Lucia Mar Unified
High school district
Lucia Mar Unified
Directions
from 101, W Test St, S on S Wilson, R on W Dana.
Standard status
Active
APN
090143012
Size
1,208 SF
Lot size
0.31 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
1
Listing Agency:
Modern Broker
(805) 773-4130
Listed By:
Charlotte Pettit · License #02095317
(805) 717-7457
Added: Oct 14
Last Checked: Oct 16 at 12:06PM
MLS# PI26223093
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.
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,320
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,400
$466.4K
Cap Rate 7%
$333,143
$333.1K
Cap Rate 9%
$259,111
$259.1K
Market Conditions
NOI Build-Up for 1,208 SF
Gross rent
$43.5K $36.00/SF
− Vacancy
−$1.1K −$0.90/SF
EGI
$42.4K $35.10/SF
− OpEx
−$19.1K −$15.80/SF
NOI
$23.3K $19.31/SF
Area
San Luis Obispo County, CA
Vacancy
2.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,400
Cap Rate 7%
$333,143
Cap Rate 9%
$259,111
Alternative Uses
Best Use
Apartment 5plus
$333.1K
$291.5K – $388.7K
NOI $23,320 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$475.1K
$415.7K – $554.3K
NOI $33,256 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Explore this area
Business Placement
Demographics for 93444, CA
22,293
Population
8,406
Households
2.7
Avg Household Size
45
Median Age
34%
College-Educated
87%
High-School Grad
65.4 sq mi
ZIP Area
341
Density / Sq Mi
$105,655
Median Household Income
$44,920
Median Earnings
$2,034
Median Rent
$746,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
Where is this commercial land located?
The property is located at 271 W Dana Nipomo, CA.
What is the asking price?
The asking price for this property is $550,000.
