Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in El Camino Real Title is generated by Realmo AI

    7055 El Camino Real, Atascadero, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Stand-alone retail building with drive-through in shopping center.

    Type:RETAIL
    Property size:
    17,340 SF
    Lot size:
    2.94 Acres
    Added:
    Jul 8, 2025
    Days on Market:
    318
    Last Refresh:
    Apr 5 at 9:39 pm

    Property Features for 7055 El Camino Real

    General Information

    Standard status
    Active
    Size
    17,340 SF
    Lot size
    2.94 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 7055 El Camino Real Contact us

    We can help!

    Listing Contact
    Phillip Kyle

    Listing agent Phillip Kyle

    Listing office Gallelli Real Estate

    Listing date Jul 8, 2025

    Source Moodyscre

    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 Gallelli Real Estate

    HighLights

    • Prime retail corner location within El Camino Real Shopping Center.
    • High visibility from Highway 41 and El Camino Real.
    • Stand‑alone building of ±17,340 SF with a ±640 SF mezzanine.
    • Existing drive‑through.
    • Easily accessible from multiple ingress/egress points.
    • Adjacent to a ±108,000 square foot grocery anchored neighborhood center.

    Overview

    Located within the El Camino Real Shopping Center, this property is the former Rite Aid, situated on a retail corner in Atascadero along the US 101 and HWY 41 corridor. The stand-alone building measures approximately 17,340 square feet with an additional mezzanine of approximately 640 square feet. It features an existing drive-through and potential for demising. Adjacent to a neighborhood center anchored by a grocery store and spanning approximately 108,000 square feet, the building benefits from visibility from Highway 41 and El Camino Real. The property is easily accessible via multiple ingress and egress access points.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Panda Express Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atascadero
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.663
    Latitude
    35.4868

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space on Entrada Avenue

      Retail space in downtown Atascadero near popular businesses.
      5915 Entrada, Atascadero, CA 93422
      View Details
    • $1.75 SF/Yr
      3,355 SF

      Office/Warehouse with Yard For Rent

      Office/warehouse with yard, suitable for auto service/repair.
      7475 El Camino Real, Atascadero, CA
      View Details
    • Contact for pricing
      6,200 SF

      Atascadero Executive Office Suites

      Executive office suites available for sublease in Atascadero, CA.
      8865 Morro Rd, Atascadero, CA 93422
      View Details
    • Contact for pricing
      4,335 SF

      New Industrial Flex Space

      New construction industrial/flex space for lease in Atascadero.
      2440 El Camino Real, Atascadero, CA 93422
      View Details
    • $3 SF/Yr
      8,864 SF

      Retail Space in New Development

      Retail, office, and flex spaces available in Atascadero, CA.
      1877 El Camino Real, Atascadero, CA
      View Details
    • $3 SF/Yr
      32,400 SF

      Retail Space in New Development

      Retail, office, and flex spaces available in Atascadero, CA.
      1875 El Camino Real, Atascadero, CA
      View Details
    • $3 SF/Yr
      10,000 SF

      New Retail Development Under Construction

      New retail and flex spaces available, anchored by Valley Fresh.
      El Camino Real & Del Rio Rd, Atascadero, CA
      View Details
    • Contact for pricing
      3,172 SF

      Retail Space with Highway Visibility

      Retail space with visibility and easy highway access for rent.
      4180 El Camino Real, Atascadero, CA
      View Details
    • Contact for pricing
      25,000 SF

      Retail Space Near Highway 101

      Retail property with high visibility and easy highway access.
      4160 El Camino Real, Atascadero, CA
      View Details
    • Contact for pricing
      20,000 SF

      Retail Space Near Highway 101

      Retail property with high visibility and easy highway access.
      3980 El Camino Real, Atascadero, CA
      View Details
    • Contact for pricing

      Retail Space in Colony Square

      Retail leasing opportunity in downtown Atascadero's Colony Square.
      6917 El Camino Real, Atascadero, CA 93422
      View Details
    • $0.65 SF/Yr
      1,365 SF

      Retail Space For Rent

      In-line retail space available for rent.
      8120-8280 El Camino Real, Atascadero, CA
      View Details

    FAQs

    What type of property is this?
    Drug store - Stand-alone retail building with drive-through in shopping center.
    Where is this drug store located?
    The property is located at 7055 El Camino Real Atascadero, CA.
    What are key features of this property?
    This property features: Prime retail corner location within El Camino Real Shopping Center.; High visibility from Highway 41 and El Camino Real.; Stand‑alone building of ±17,340 SF with a ±640 SF mezzanine.
    (805) 892-6237 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Phillip Kyle
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7055 El Camino Real, Atascadero, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!