Two-Story Mixed-Use
For Sale
$2,100,000
668 Marsh, San Luis Obispo, CA 93401
Retail and professional office space with direct Marsh Street frontage in downtown San Luis Obispo.
Property Size6,880 SF
Price / SF$305.23
Days on Market59
Property Features for 668 Marsh
General Information
Standard status
Active
Size
6,880 SF
Building Details
Year Built
1988
Buildings
1
Stories
2
Building Size
6,880 SF
Tenancy
Multi
Listing Agency:
Acquire Mortgage & Real Estate
Listed By:
Levi Seligman · License #01936432
(805) 748-5817
Source:
Myfabuloushome
Added: Aug 17
Changed: Oct 9
Last Checked: Oct 7 at 12:53PM
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 Acquire Mortgage & Real Estate
Investment Insights
Based on property information with market context.
Located at 668 Marsh in San Luis Obispo, this two-story mixed-use property contains approximately 6,880 square feet of retail and professional office space. Built in 1988, the building presents a multi-tenant configuration with frontage along Marsh Street and a combination of commercial uses within the same property.
The property sits near the intersection of Marsh and Broad Streets in Downtown San Luis Obispo, surrounded by restaurants, shops, hotels, nightlife, entertainment, and cultural attractions. Public parking is also available in the surrounding downtown area. Four adjacent properties are additionally offered for sale, creating an opportunity to evaluate the assets together.
The property sits near the intersection of Marsh and Broad Streets in Downtown San Luis Obispo, surrounded by restaurants, shops, hotels, nightlife, entertainment, and cultural attractions. Public parking is also available in the surrounding downtown area. Four adjacent properties are additionally offered for sale, creating an opportunity to evaluate the assets together.
Key Highlights
- Approximately 6,880‑square‑foot mixed‑use property
- Two‑story building constructed in 1988
- Multi‑tenant retail and professional office configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,051
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,561,020
$2.6M
Cap Rate 7%
$1,829,300
$1.8M
Cap Rate 9%
$1,422,789
$1.4M
Market Conditions
NOI Build-Up for 6,880 SF
Gross rent
$181.6K $26.40/SF
− Vacancy
−$10.9K −$1.58/SF
EGI
$170.7K $24.82/SF
− OpEx
−$42.7K −$6.20/SF
NOI
$128.1K $18.61/SF
Area
San Luis Obispo County, CA
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,561,020
Cap Rate 7%
$1,829,300
Cap Rate 9%
$1,422,789
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.13M
NOI $128,051 @ 7.0% cap · market cap 6.10%
Second Best
Retail
$1.60M
$1.40M – $1.86M
NOI $111,770 @ 7.0% cap · market cap 5.32%
Theoretical Best
Healthcare Medical
$2.71M
$2.37M – $3.16M
NOI $189,406 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,613
Businesses Nearby
Explore this area
Business Placement
Demographics for 93401, CA
29,877
Population
14,363
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
64.2 sq mi
ZIP Area
465
Density / Sq Mi
$95,386
Median Household Income
$47,898
Median Earnings
$1,859
Median Rent
$943,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and professional office space with direct Marsh Street frontage in downtown San Luis Obispo.
Where is this mixed-use property located?
The property is located at 668 Marsh San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Approximately 6,880‑square‑foot mixed‑use property; Two‑story building constructed in 1988; Multi‑tenant retail and professional office configuration
