Warehouse with 3 Loading
For Sale
$4,200,000
325 Santa Bella, Paso Robles, CA 93446
Clear-span warehouse with energy-efficient LED upgrades, three loading dock bays, and seven total roll-up doors for flexible access.
Property Size23,017 SF
Days on Market52
Property Features for 325 Santa Bella
General Information
Standard status
Active
Size
23,017 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Span
Yes
Dock-High Doors
3
Building Details
Building Size
23,017 SF
Year Built
1992
Listing Agency:
Lee & Associates | San Luis Obispo
Listed By:
Marty Indvik · License #CalDRE #961882
(805) 440-6861
Source:
Lee-associates
Added: Jul 29
Changed: Sep 4
Last Checked: Sep 18 at 4:48AM
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 Lee & Associates | San Luis Obispo
Investment Insights
Based on property information with market context.
This clear-span warehouse offers an open, flexible layout suited for manufacturing and warehousing use. At 23,017 SF, the building is designed to support efficient operations with minimal internal obstructions.
Access is built around three loading dock bays and roll-up door functionality, including seven total roll-up doors to accommodate goods movement and daily loading needs. The property has been well-maintained, with recent upgrades including LED lighting and energy-efficient features.
Located at 325 Santa Bella in Paso Robles, the building’s combination of open interior space and multiple loading points is geared toward users that want versatile in-and-out logistics for warehousing and light manufacturing workflows.
Access is built around three loading dock bays and roll-up door functionality, including seven total roll-up doors to accommodate goods movement and daily loading needs. The property has been well-maintained, with recent upgrades including LED lighting and energy-efficient features.
Located at 325 Santa Bella in Paso Robles, the building’s combination of open interior space and multiple loading points is geared toward users that want versatile in-and-out logistics for warehousing and light manufacturing workflows.
Key Highlights
- 23,017 SF clear‑span warehouse layout
- Three loading dock bays plus seven total roll‑up doors
- Versatile use for manufacturing and warehousing
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
$261,080
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
6.22%
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%
$5,221,600
$5.2M
Cap Rate 7%
$3,729,714
$3.7M
Cap Rate 9%
$2,900,889
$2.9M
Market Conditions
NOI Build-Up for 23,017 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
$317.6K $13.80/SF
− Vacancy
−$10.5K −$0.46/SF
EGI
$307.2K $13.34/SF
− OpEx
−$46.1K −$2.00/SF
NOI
$261.1K $11.34/SF
Area
San Luis Obispo County, CA
Vacancy
3.30%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
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%
$5,221,600
Cap Rate 7%
$3,729,714
Cap Rate 9%
$2,900,889
Alternative Uses
Best Use
Warehouse
$3.73M
$3.26M – $4.35M
NOI $261,080 @ 7.0% cap · market cap 6.22%
Second Best
Industrial
$3.34M
$2.92M – $3.90M
NOI $233,703 @ 7.0% cap · market cap 5.56%
Theoretical Best
Healthcare Medical
$9.05M
$7.92M – $10.56M
NOI $633,656 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Dock-high doors
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Clear-span warehouse with energy-efficient LED upgrades, three loading dock bays, and seven total roll-up doors for flexible access.
Where is this warehouse located?
The property is located at 325 Santa Bella Paso Robles, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 23,017 SF clear‑span warehouse layout; Three loading dock bays plus seven total roll‑up doors; Versatile use for manufacturing and warehousing
