Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Atascadero Land Parcel For Sale Title is generated by Realmo AI

    5755 Encino, Atascadero, CA 93422

    View on Map
    Claim this Listing
    For Sale
    $149,500

    Desirable Atascadero lot near downtown, shopping, and schools.

    Type:Land
    Added:
    May 14, 2026
    Days on Market:
    21
    Last Refresh:
    May 14 at 10:46 am

    Property Features for 5755 Encino

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Marisa Kempt

    Listing agent Marisa Kempt

    Listing office

    Listing date May 14, 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 Marisa Kempt

    HighLights

    • Highly desirable location on the west side of Atascadero.
    • Conveniently situated minutes from downtown, shopping, dining, and local schools.
    • Potential building and development opportunities (buyer to verify with the city).
    • Seller financing may be available.
    • Close proximity to amenities.
    • Lot is ready for development.

    Overview

    This lot is located on the west side of Atascadero, conveniently situated minutes from downtown, shopping, dining, and local schools. Buyers are encouraged to check with the city regarding potential building and development opportunities. Seller financing may be available; terms to be negotiated. The bike score is 12, indicating it is somewhat bikeable, and the walk score is 22, indicating car-dependent accessibility.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atascadero
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6807787
    Latitude
    35.4840876

    Nearby Similar for Sale

    • $999,000
      1,451 SF

      Remodeled Commercial Property on Main Road

      Versatile commercial property with high visibility and ample parking.
      8795 Morro Road, Atascadero, CA 93422
      View Details
    • $750,000
      1,775 SF

      Turn-Key Restaurant Opportunity in Atascadero

      Fully renovated restaurant with indoor and outdoor seating available for sale.
      8501 El Camino Real, Atascadero, CA 93422
      View Details
    • $8,950,000

      Entitled Land on Central Coast

      25.94 acres in Atascadero, entitled for mixed-use development.
      2115 El Camino Real, Atascadero, CA 93422
      View Details
    • $659,000
      1,092 SF

      Income-Producing Duplex in South Atascadero

      Charming duplex with strong rental income and upside potential.
      10235 El Camino Real, Atascadero, CA 93422
      View Details
    • $395,000
      1,265 SF

      Atascadero Commercial Opportunity

      Prime location property with commercial-retail zoning.
      16954 El Camino Real, Atascadero, CA 93422
      View Details
    • $599,000
      1,730 SF

      Atascadero Office Building For Sale

      1,730 SF office building near Highway 101.
      7090 Atascadero, Atascadero, CA 93422
      View Details
    • $1,080,000
      2,142 SF

      Renovated Triplex in Atascadero Heart

      Historic triplex with modern upgrades and strong income potential.
      8740 El Camino Real, Atascadero, CA 93422
      View Details
    • $398,000

      Atascadero Professional Office Building

      Functional office building in Atascadero with convenient access.
      6575 Morro Rd, Atascadero, CA 93422
      View Details
    • $99,000

      West Atascadero Land with Views

      Rare 2.5 acre parcel with city lights and valley views.
      12000 San Marcos, Atascadero, CA 93422
      View Details
    • $999,000

      Remodeled Office with High Visibility

      Newly remodeled commercial office with versatile space and ample parking.
      8795 Morro Rd, Atascadero, CA 93422
      View Details
    • $899,000
      4,551 SF

      Cornerstone Center: High-Visibility Office Building

      Centrally located Atascadero office building with flexible layout and parking.
      4450 El Camino Real, Atascadero, CA
      View Details
    • $149,500

      Atascadero Land For Sale

      Desirable Atascadero lot near downtown, shopping, dining, and schools.
      5755 Encino, Atascadero, CA 93422
      View Details

    FAQs

    What type of property is this?
    Land - Desirable Atascadero lot near downtown, shopping, and schools.
    Where is this land located?
    The property is located at 5755 Encino Atascadero, CA.
    What is the asking price?
    The asking price for this property is $149,500.
    What are key features of this property?
    This property features: Highly desirable location on the west side of Atascadero.; Conveniently situated minutes from downtown, shopping, dining, and local schools.; Potential building and development opportunities (buyer to verify with the city).
    We can help!
    Listing Contact
    Marisa Kempt
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5755 Encino, Atascadero, CA 93422
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!