Ground-Floor Retail
For Sale
$425,000
401 W Grand Avenue 1-1, Grover Beach, CA 93433
Cold-shell commercial condo with patio, positioned for restaurant, coffee shop, or retail use.
Property Size1,047 SF
Price / SF$405.92
Days on Market47
Property Features for 401 W Grand Avenue 1-1
General Information
Standard status
Active
Size
1,047 SF
Space & Availability
Floor
Ground
Furnished
No
Restaurant
Patio
Yes
Equipment Included
No
Listing Agency:
Hart Commercial Real Estate
Listed By:
Jason Hart · License #01334694
(805) 782-9000
Source:
Myfabuloushome
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 26 at 8:41PM
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 ground-floor commercial condominium is being delivered as a cold shell within the Encore development. The unit contains 1,047 SF and includes a 462 SF patio, providing dedicated indoor and outdoor areas for a restaurant, coffee shop, or retail concept.
Encore is planned with 59 luxury condominiums, ocean views, and a rooftop deck. The property is located at 401 W Grand Avenue in Grover Beach, near the Grand Avenue beach entrance, an area that attracts tourist traffic. The development is part of the West End area’s planned new construction and is positioned at the entrance to the community.
Encore is planned with 59 luxury condominiums, ocean views, and a rooftop deck. The property is located at 401 W Grand Avenue in Grover Beach, near the Grand Avenue beach entrance, an area that attracts tourist traffic. The development is part of the West End area’s planned new construction and is positioned at the entrance to the community.
Key Highlights
- 1,047 SF ground‑floor commercial condo
- 462 SF patio included
- Delivered as a cold shell
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,009
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,180
$340.2K
Cap Rate 7%
$242,986
$243.0K
Cap Rate 9%
$188,989
$189.0K
Market Conditions
NOI Build-Up for 1,047 SF
Gross rent
$25.1K $24.00/SF
− Vacancy
−$829 −$0.79/SF
EGI
$24.3K $23.21/SF
− OpEx
−$7.3K −$6.96/SF
NOI
$17.0K $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%
$340,180
Cap Rate 7%
$242,986
Cap Rate 9%
$188,989
Alternative Uses
Best Use
Retail
$243.0K
$212.6K – $283.5K
NOI $17,009 @ 7.0% cap · market cap 4.00%
Second Best
Specialty Retail
$214.0K
$187.3K – $249.7K
NOI $14,981 @ 7.0% cap · market cap 3.52%
Theoretical Best
Healthcare Medical
$411.8K
$360.3K – $480.4K
NOI $28,824 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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 patio, positioned for restaurant, coffee shop, or retail use.
Where is this retail space located?
The property is located at 401 W Grand Avenue 1-1 Grover Beach, CA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,047 SF ground‑floor commercial condo; 462 SF patio included; Delivered as a cold shell
