Atascadero Commercial Building For
5145 Traffic, Atascadero, CA 93422
Well-maintained 9,640 SF commercial building with long-term tenant.
Type:Industrial
Property size:
9,640 SFPrice / SF:
$202/SF- Added:
- Apr 15, 2026
- Days on Market:
- 47
- Last Refresh:
- Apr 12 at 5:48 am
Property Features for 5145 Traffic
General Information
- Standard status
- Active
- Size
- 9,640 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1998
Listing agent Ryan Benson
Listing office (805) 592-2226
Listing date Apr 15, 2026
Source Elliman
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 Ryan Benson
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.
- Well‑maintained 9,640 square foot commercial building.
- Functional design with multiple roll‑up doors, showroom component, and off‑street parking.
- Suitable for 1031 exchange with a stabilized, income‑producing asset.
Overview
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $231.4k | $24.00 |
| − Vacancy | −$7.6k | −$0.79 |
| EGI | $223.7k | $23.21 |
| − OpEx | −$67.1k | −$6.96 |
| NOI | $156.6k | $16.25 |
9,640 SF · lease $24.00/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.24M
$1.96M – $2.61M
NOI $156,608 @ 7.0% cap · market cap 8.03%
Second Best
Flex RnD
$1.71M
$1.49M – $1.99M
NOI $119,543 @ 7.0% cap · market cap 6.13%
Theoretical Best
Healthcare Medical
$3.79M
$3.32M – $4.42M
NOI $265,388 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Atascadero
- County
- San Luis Obispo
- State
- California
- Longitude
- -120.664693
- Latitude
- 35.5017377
Nearby Similar for Sale
FAQs
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 $1,950,000.
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.
