Ground-Floor Retail
For Sale
$379,000
401 W Grand Avenue 2-1, Grover Beach, CA 93433
Cold-shell commercial condo with a patio in a new mixed-use coastal development.
Property Size947 SF
Price / SF$400.21
Days on Market48
Property Features for 401 W Grand Avenue 2-1
General Information
Standard status
Active
Size
947 SF
Additional Details
Floor
Ground
Listing Agency:
Hart Commercial Real Estate
Listed By:
Jason Hart · License #01334694
(805) 782-9000
Source:
Myfabuloushome
Added: Sep 18
Changed: Oct 25
Last Checked: Nov 3 at 11:23AM
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 Hart Commercial Real Estate
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Investment Insights
Based on property information with market context.
This 947-square-foot retail space is planned as a ground-floor commercial condominium within Encore, a new coastal development at 401 W Grand Avenue in Grover Beach. Delivery is specified as a cold shell, allowing the interior buildout to be tailored to the future occupant. The unit also includes a 492-square-foot patio.
Encore’s first phase includes two ground-floor commercial condos, with the property positioned for retail, restaurant, or coffee shop use. The broader project is planned with 59 residential condos, ocean views, and a rooftop deck. The site is part of the West End development area and sits near the Grand Avenue beach entrance, which attracts tourist traffic.
Encore’s first phase includes two ground-floor commercial condos, with the property positioned for retail, restaurant, or coffee shop use. The broader project is planned with 59 residential condos, ocean views, and a rooftop deck. The site is part of the West End development area and sits near the Grand Avenue beach entrance, which attracts tourist traffic.
Key Highlights
- 947 SF ground‑floor retail space
- 492 SF patio included
- Delivered as a cold shell
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,385
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,700
$307.7K
Cap Rate 7%
$219,786
$219.8K
Cap Rate 9%
$170,944
$170.9K
Market Conditions
NOI Build-Up for 947 SF
Gross rent
$22.7K $24.00/SF
− Vacancy
−$750 −$0.79/SF
EGI
$22.0K $23.21/SF
− OpEx
−$6.6K −$6.96/SF
NOI
$15.4K $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 Rate 5%
$307,700
Cap Rate 7%
$219,786
Cap Rate 9%
$170,944
Alternative Uses
Best Use
Retail
$219.8K
$192.3K – $256.4K
NOI $15,385 @ 7.0% cap · market cap 4.06%
Second Best
Specialty Retail
$193.6K
$169.4K – $225.8K
NOI $13,550 @ 7.0% cap · market cap 3.58%
Theoretical Best
Healthcare Medical
$372.4K
$325.9K – $434.5K
NOI $26,071 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Rabobank
Shops & Services
2,524 visits/mo
0.5 miles
Demographics for 93433, CA
12,643
Population
5,757
Households
2.2
Avg Household Size
42
Median Age
27%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
5,747
Density / Sq Mi
$82,534
Median Household Income
$39,412
Median Earnings
$1,921
Median Rent
$691,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Cold-shell commercial condo with a patio in a new mixed-use coastal development.
Where is this retail space located?
The property is located at 401 W Grand Avenue 2-1 Grover Beach, CA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 947 SF ground‑floor retail space; 492 SF patio included; Delivered as a cold shell
