Atascadero Commercial Building For
For Sale
$1,845,000
5145 Traffic, Atascadero, CA 93422
Well-maintained 9,640 SF commercial building with long-term tenant.
Property Size9,640 SF
Price / SF$191.39
Days on Market183
Property Features for 5145 Traffic
General Information
Standard status
Active
Size
9,640 SF
Building Details
Year Built
1998
Listing Agency:
Peak Properties
Listed By:
Ryan Benson · License #01949307
(805) 592-2226
Source:
Myfabuloushome
Added: Apr 15
Changed: Oct 8
Last Checked: Oct 7 at 3:40PM
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 Peak Properties
Investment Insights
Based on property information with market context.
Located in Atascadero, California, this 9,640 square foot commercial building presents an investment opportunity. The property is situated along a commercial corridor in North San Luis Obispo County. It is currently occupied by an established long-term local tenant under a triple net lease. The building features multiple roll-up doors, a showroom component, and off-street parking. The property is located in a car-dependent area with a walk score of 22 and a bike score of 12, indicating it is somewhat bikeable.
Key Highlights
- Immediate income generation through an established long‑term tenant under a triple net lease.
- Attractive 6% cap rate for stable returns in the Central Coast market.
- Strategically located in a strong commercial corridor in North San Luis Obispo County.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,543
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,390,860
$2.4M
Cap Rate 7%
$1,707,757
$1.7M
Cap Rate 9%
$1,328,256
$1.3M
Market Conditions
NOI Build-Up for 9,640 SF
Gross rent
$193.2K $20.04/SF
− Vacancy
−$9.3K −$0.96/SF
EGI
$183.9K $19.08/SF
− OpEx
−$64.4K −$6.68/SF
NOI
$119.5K $12.40/SF
Area
San Luis Obispo County, CA
Vacancy
4.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,390,860
Cap Rate 7%
$1,707,757
Cap Rate 9%
$1,328,256
Alternative Uses
Best Use
Flex RnD
$1.71M
$1.49M – $1.99M
NOI $119,543 @ 7.0% cap · market cap 6.48%
Second Best
Industrial
$1.40M
$1.22M – $1.63M
NOI $97,880 @ 7.0% cap · market cap 5.31%
Theoretical Best
Healthcare Medical
$3.79M
$3.32M – $4.42M
NOI $265,388 @ 7.0% cap · market cap 14.38%
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
169
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93422, CA
33,041
Population
13,702
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
68.8 sq mi
ZIP Area
480
Density / Sq Mi
$89,916
Median Household Income
$46,939
Median Earnings
$1,841
Median Rent
$692,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained 9,640 SF commercial building with long-term tenant.
Where is this flex space located?
The property is located at 5145 Traffic Atascadero, CA.
What is the asking price?
The asking price for this property is $1,845,000.
What are key features of this property?
This property features: Immediate income generation through an established long‑term tenant under a triple net lease.; Attractive 6% cap rate for stable returns in the Central Coast market.; Strategically located in a strong commercial corridor in North San Luis Obispo County.
