Atascadero Office Building For
For Sale
$549,900
7090 Atascadero, Atascadero, CA 93422
1,730 SF office building near Highway 101.
Property Size1,730 SF
Lot Size0.43 Acres
Price / SF$317.86
Days on Market120
Property Features for 7090 Atascadero
General Information
Standard status
Active
Size
1,730 SF
Lot size
0.43 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,817
Building Details
Building Size
1,730 SF
Year Built
2004
Listing Agency:
Stable Properties
(805) 549-5878
Listed By:
Jessica Callahan · License #02264656
(805) 549-5878
Source:
Elliman
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 8 at 12:50PM
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 Stable Properties
Investment Insights
Based on property information with market context.
Located in a professional office complex with convenient access to Highway 101 and minutes from downtown Atascadero, this 1,730 SF office building is situated on an 18,693 SF lot. The property is configured with six private offices, including two with dedicated exterior entrances, and features four total exterior access points. The layout is easily divisible into two separate business suites or multiple individual offices, allowing for a range of leasing strategies from dual tenancy to fully distributed executive office use. The building includes two restrooms positioned at opposite ends of the space, further supporting multi-tenant configurations and ease of division. The property is equipped with owned solar panels, providing reduced operating expenses and long-term energy cost savings. This flexibility creates the opportunity to maximize rental income, diversify tenancy, and reduce vacancy risk while also supporting a hybrid owner-user model where a portion of the space can be occupied while generating income from the remainder. Positioned within an established professional services environment, the property is well-suited for medical, wellness, and professional office users. The property has plenty of parking. The bike score is 50, indicating it is bikeable, and the walk score is 45, indicating it is car-dependent.
Key Highlights
- Strategic Location: Convenient access to Highway 101 and proximity to downtown Atascadero.
- Income Potential & Flexibility: Easily divisible layout supports multiple leasing strategies and owner‑user models.
- Owned Solar Panels: Reduces operating expenses and provides long‑term energy cost savings.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,199
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$643,980
$644.0K
Cap Rate 7%
$459,986
$460.0K
Cap Rate 9%
$357,767
$357.8K
Market Conditions
NOI Build-Up for 1,730 SF
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.
Gross rent
$45.7K $26.40/SF
− Vacancy
−$2.7K −$1.58/SF
EGI
$42.9K $24.82/SF
− OpEx
−$10.7K −$6.20/SF
NOI
$32.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$643,980
Cap Rate 7%
$459,986
Cap Rate 9%
$357,767
Alternative Uses
Best Use
Office B
$460.0K
$402.5K – $536.7K
NOI $32,199 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$680.4K
$595.3K – $793.8K
NOI $47,627 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,015
Businesses Nearby
Explore this area
Business Placement
Demographics for 93422, CA
33,041
Population
13,702
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
68.8 sq mi
ZIP Area
480
Density / Sq Mi
$89,916
Median Household Income
$46,939
Median Earnings
$1,841
Median Rent
$692,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 1,730 SF office building near Highway 101.
Where is this office building located?
The property is located at 7090 Atascadero Atascadero, CA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Strategic Location: Convenient access to Highway 101 and proximity to downtown Atascadero.; Income Potential & Flexibility: Easily divisible layout supports multiple leasing strategies and owner‑user models.; Owned Solar Panels: Reduces operating expenses and provides long‑term energy cost savings.
