Mixed-Use Commercial
600 Morro Bay B, Morro Bay, CA 93442
For Sale
$675,000
The ground-floor commercial suite is part of a building with residential space above.
Property Size1,760 SF
Price / SF$383.52
Days on Market110
Property Features for 600 Morro Bay B
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Floor
Building Details
Building Size
Year Built
Listing Agency:
Modern Broker
(805) 709-8899
Listed By:
Michelle Boghosian · License #01807879
(805) 773-4130
Source:
Stableproperties
Added: Jul 22
Changed: Nov 7
Last Checked: Nov 7 at 4:28PM
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 Modern Broker
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Investment Insights
Based on property information with market context.
This 1,760-square-foot commercial condominium occupies the ground floor of a mixed-use building with residential space above. Built in 2010, the suite is zoned C-1 (Central Business District Commercial) and was previously used as a pharmacy.
The property is at 600 Morro Bay Boulevard in Morro Bay, California, in the downtown area. The Embarcadero and Morro Rock are identified as nearby destinations.
The property is at 600 Morro Bay Boulevard in Morro Bay, California, in the downtown area. The Embarcadero and Morro Rock are identified as nearby destinations.
Key Highlights
- 1,760‑square‑foot ground‑floor commercial suite
- Built in 2010
- C‑1 (Central Business District Commercial) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,592
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,840
$571.8K
Cap Rate 7%
$408,457
$408.5K
Cap Rate 9%
$317,689
$317.7K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$42.2K $24.00/SF
− Vacancy
−$1.4K −$0.79/SF
EGI
$40.8K $23.21/SF
− OpEx
−$12.3K −$6.96/SF
NOI
$28.6K $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%
$571,840
Cap Rate 7%
$408,457
Cap Rate 9%
$317,689
Alternative Uses
Best Use
Retail
$408.5K
$357.4K – $476.5K
NOI $28,592 @ 7.0% cap · market cap 4.24%
Second Best
Mixed Use
$286.6K
$250.8K – $334.4K
NOI $20,064 @ 7.0% cap · market cap 2.97%
Theoretical Best
Healthcare Medical
$692.2K
$605.7K – $807.6K
NOI $48,453 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
Explore this area
Business Placement
Demographics for 93442, CA
11,390
Population
6,537
Households
1.7
Avg Household Size
54
Median Age
45%
College-Educated
93%
High-School Grad
44.5 sq mi
ZIP Area
256
Density / Sq Mi
$92,163
Median Household Income
$50,651
Median Earnings
$1,815
Median Rent
$870,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in San Luis Obispo County, CA
Properties on Market for Mixed-use properties in San Luis Obispo County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The ground-floor commercial suite is part of a building with residential space above.
Where is this mixed-use property located?
The property is located at 600 Morro Bay B Morro Bay, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,760‑square‑foot ground‑floor commercial suite; Built in 2010; C‑1 (Central Business District Commercial) zoning
