Medical Office Corner
689 Tank Farm Rd San Luis Obispo, CA 93401
For Sale
Contact for pricing
Medical office suite with open layout, conference room, kitchenette, and elevator access within a corner location.
Property Size7,727 SF
Price / SF$317.07
Days on Market204
Property Features for 689 Tank Farm Rd
General Information
Standard status
Active
Size
7,727 SF
Property subtype
OFFICE
Listing Agency:
Trujillo Commercial Real Estate Group
(805) 439-4733
Listed By:
Rod Trujillo · License #01388764
Source:
Moodyscre
Added: Jan 6
Changed: Jul 26
Last Checked: Jul 28 at 3:57PM
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 Trujillo Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This medical office property offers an open floorplan with office areas, a conference room, a kitchenette, and a lobby area. The building includes an elevator and common area restrooms. Suite 120 is occupied, and Suite 140 is available.
The property is situated on a corner at Broad Street and Tank Farm Road, providing convenient access to Downtown and the Highway, with SLO Airport minutes away.
Suite 120 is approximately 3,131 SF. Suite 140 is approximately 4,769 SF and is described as having visibility.
The property is situated on a corner at Broad Street and Tank Farm Road, providing convenient access to Downtown and the Highway, with SLO Airport minutes away.
Suite 120 is approximately 3,131 SF. Suite 140 is approximately 4,769 SF and is described as having visibility.
Key Highlights
- Corner medical office space at Broad Street and Tank Farm Road in San Luis Obispo
- Suite 140: approx. 4,769 SF, open layout with offices plus a conference room and kitchenette area
- Suite 120: approx. 3,131 SF and currently occupied
Financial Insights For Healthcare Medical
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 | $366.3k | $47.40 |
| − Vacancy | −$11.7k | −$1.52 |
| EGI | $354.5k | $45.88 |
| − OpEx | −$141.8k | −$18.35 |
| NOI | $212.7k | $27.53 |
7,727 SF · lease $47.40/SF/yr · vacancy 3.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$3.04M
$2.66M – $3.55M
NOI $212,724 @ 7.0% cap · market cap 8.68%
Second Best
Office B
$2.05M
$1.80M – $2.40M
NOI $143,815 @ 7.0% cap · market cap 5.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- PetMed Veterinary Urgent Care — 3940 Broad St Suite 6, San Luis Obispo, CA 93401
- Edna valley animal hospital — edna valley, San Luis Obispo, CA 93401
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office suite with open layout, conference room, kitchenette, and elevator access within a corner location.
Where is this medical office space located?
The property is located at 689 Tank Farm Rd San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Corner medical office space at Broad Street and Tank Farm Road in San Luis Obispo; Suite 140: approx. 4,769 SF, open layout with offices plus a conference room and kitchenette area; Suite 120: approx. 3,131 SF and currently occupied
