Retail/Restaurant/Office Space Near
For Sale
$735,000
445 1st St, Avila Beach, CA 93424
Retail/Restaurant/Office space one block from the beach.
Property Size1,584 SF
Lot Size0.04 Acres
Days on Market151
Property Features for 445 1st St
General Information
Standard status
Active
Size
1,584 SF
Lot size
0.04 Acres
Property subtype
Commercial
Building Details
Building Size
1,584 SF
Year Built
2004
Listing Agency:
Trujillo Commercial Real Estate Group
(805) 439-4733
Listed By:
Rodney Trujillo · License #01388764
(805) 439-4733
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:12AM
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 Trujillo Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This retail, restaurant, and office space is located one block from the beach, benefiting from high pedestrian traffic and tourists visiting the beach and shops on Avila Beach Pier. The property features an open floor plan, a large display area, a private office or storage area, and a private restroom. It is suitable for commercial real estate use.
Key Highlights
- One block from the beach
- High pedestrian traffic
- Ideal for Retail/Restaurant/OFFICE
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
$29,481
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
4.01%
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%
$589,620
$589.6K
Cap Rate 7%
$421,157
$421.2K
Cap Rate 9%
$327,567
$327.6K
Market Conditions
NOI Build-Up for 1,584 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
$41.8K $26.40/SF
− Vacancy
−$2.5K −$1.58/SF
EGI
$39.3K $24.82/SF
− OpEx
−$9.8K −$6.20/SF
NOI
$29.5K $18.61/SF
Area
San Luis Obispo County, CA
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$589,620
Cap Rate 7%
$421,157
Cap Rate 9%
$327,567
Alternative Uses
Best Use
Office B
$421.2K
$368.5K – $491.4K
NOI $29,481 @ 7.0% cap · market cap 4.01%
Second Best
Retail
$367.6K
$321.7K – $428.9K
NOI $25,733 @ 7.0% cap · market cap 3.50%
Theoretical Best
Healthcare Medical
$623.0K
$545.1K – $726.8K
NOI $43,607 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 93424, CA
1,256
Population
852
Households
1.5
Avg Household Size
63
Median Age
78%
College-Educated
97%
High-School Grad
20.1 sq mi
ZIP Area
62
Density / Sq Mi
$2,063
Median Rent
$1,179,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail/Restaurant/Office space one block from the beach.
Where is this retail space located?
The property is located at 445 1st St Avila Beach, CA.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: One block from the beach; High pedestrian traffic; Ideal for Retail/Restaurant/OFFICE
