Turnkey Medical Office
699 California Blvd San Luis Obispo, CA 93401
699 California Blvd, San Luis Obispo, CA, 93401
$2,150,000
For Sale
$2,150,000
Single-level medical office building with two separate suites, each featuring ADA-compliant restrooms, waiting, reception, and exam rooms.
Property Size3,000 SF
Price / SF$716.67
Days on Market117
Property Features for 699 California Blvd
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2005
Listing agency
BHGRE HAVEN PROPERTIES
(805) 550-2543
Listed by
Diane Moroski · License #01492366
(805) 550-2543
Source
Exitrealty
Added: Mar 28 Updated: Jul 22 at 4:07PM Checked: Jul 22 at 4:07PM
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 BHGRE HAVEN PROPERTIES
Investment Insights
Based on property information with market context.
Turnkey, stand-alone, single-level medical office building rebuilt in 2005. The property is 3,000 SF total and is configured as two separate 1,500 SF suites. Each suite includes two private ADA-compliant restrooms, a spacious waiting room, reception area, multiple exam rooms, and functional back offices and storage areas. The sellers have also recently installed a new roof.
The building is described as being located between Sierra Vista Regional Medical Center and French Hospital Medical Center, with convenient freeway access and visibility. The property offers 15 on-site parking spaces.
For buyers seeking an owner-use option or an investment structure with two independent suites, this layout supports separate occupancy while keeping the building as a single, stand-alone asset.
The building is described as being located between Sierra Vista Regional Medical Center and French Hospital Medical Center, with convenient freeway access and visibility. The property offers 15 on-site parking spaces.
For buyers seeking an owner-use option or an investment structure with two independent suites, this layout supports separate occupancy while keeping the building as a single, stand-alone asset.
Key Highlights
- Single‑level 3,000 SF medical office building built in 2005 and rebuilt in 2005
- Two separate 1,500 SF suites with floorplans suited for healthcare providers or other professionals
- Each suite includes two private ADA‑compliant restrooms, waiting room, and reception area
Local 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 | $142.2k | $47.40 |
| − Vacancy | −$4.6k | −$1.52 |
| EGI | $137.6k | $45.88 |
| − OpEx | −$55.1k | −$18.35 |
| NOI | $82.6k | $27.53 |
3,000 SF · lease $47.40/SF/yr · vacancy 3.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.18M
$1.03M – $1.38M
NOI $82,590 @ 7.0% cap · market cap 3.84%
Second Best
Office B
$797.7K
$698.0K – $930.6K
NOI $55,836 @ 7.0% cap · market cap 2.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kissel Phillip MD
Physician
Ramberg Donald A MD
Physician
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FAQs
What type of property is this?
Medical Office Space - Single-level medical office building with two separate suites, each featuring ADA-compliant restrooms, waiting, reception, and exam rooms.
Where is this medical office space located?
The property is located at 699 California Blvd San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Single‑level 3,000 SF medical office building built in 2005 and rebuilt in 2005; Two separate 1,500 SF suites with floorplans suited for healthcare providers or other professionals; Each suite includes two private ADA‑compliant restrooms, waiting room, and reception area
