Ground-Floor Retail
For Sale
$675,000
600 Morro Bay, Morro Bay, CA 93442
Commercial Sale, Morro Bay, CA
Property Size1,760 SF
Price / SF$383.52
Days on Market106
Property Features for 600 Morro Bay
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Hwy 1, Exit Morro Bay Blvd, Property on the Corner of Morro Bay Blvd and Shasta on the South
Subdivision
MRBY - Morro Bay
Standard status
Active
APN
066125029
Building Details
Year built
2010
Listing Agency:
Modern Broker
(805) 773-4130
Listed By:
Michelle Boghosian · License #01807879
(805) 709-8899
Added: Jul 22
Changed: Nov 2
Last Checked: Nov 4 at 1:06PM
MLS# PI26159864
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite B is a 1,760-square-foot commercial condominium on the ground floor of a mixed-use building, with residential space above. Built in 2010, the space was previously used as a pharmacy and is described as built out for occupancy. The property is zoned C-1, identified as Central Business District Commercial.
The suite is at 600 Morro Bay Boulevard in downtown Morro Bay, near the Embarcadero and Morro Rock. The stated zoning accommodates a range of commercial uses, including retail, personal services, food and beverage, and professional offices.
The suite is at 600 Morro Bay Boulevard in downtown Morro Bay, near the Embarcadero and Morro Rock. The stated zoning accommodates a range of commercial uses, including retail, personal services, food and beverage, and professional offices.
Key Highlights
- 1,760 square feet of ground‑floor commercial space
- 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
—
—
no second resolved use
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
Who owns this building?
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - C-1 zoning allows a range of commercial uses in downtown Morro Bay.
Where is this retail space located?
The property is located at 600 Morro Bay 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 feet of ground‑floor commercial space; Built in 2010; C‑1 (Central Business District Commercial) zoning
