Spacious Office Suite on El
For Sale
Contact for pricing
7350 El Camino Real, Atascadero, CA 93422
High-visibility office suite with flexible layout and highway access.
Property Size1,620 SF
Price / SF$215.43
Days on Market178
Property Features for 7350 El Camino Real
General Information
Standard status
Active
Size
1,620 SF
Class
A
Property subtype
Office
Zoning
CS - Commercial Service
Building Details
Year Built
1983
Buildings
1
Stories
2
Units
2
Listing Agency:
Colliers - San Luis Obispo, California
(805) 544-3900
Listed By:
Preston Thomas · License #CA 01378821
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 13 at 11:13AM
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 Colliers - San Luis Obispo, California
Investment Insights
Based on property information with market context.
Located on El Camino in Atascadero, this office suite offers high exposure and convenient access to Highway 101. The property consists of two merged office condos, forming a single spacious suite of 1620 square feet. The layout includes a large open work area, three private offices, a bathroom, a kitchenette, and storage space. The suite can be easily divided back into two separate units. Situated in a prime first-floor, front-corner position, the property features monument signage on El Camino. This office suite is suitable for users seeking maximum visibility in a convenient location.
Key Highlights
- High‑exposure, prime front‑corner location on El Camino with monument signage.
- Easy access to Hwy 101.
- Spacious suite with large open work area, 3 private offices, bathroom, kitchenette, and storage.
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
$30,151
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
8.64%
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%
$603,020
$603.0K
Cap Rate 7%
$430,729
$430.7K
Cap Rate 9%
$335,011
$335.0K
Market Conditions
NOI Build-Up for 1,620 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
$42.8K $26.40/SF
− Vacancy
−$2.6K −$1.58/SF
EGI
$40.2K $24.82/SF
− OpEx
−$10.1K −$6.20/SF
NOI
$30.2K $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%
$603,020
Cap Rate 7%
$430,729
Cap Rate 9%
$335,011
Alternative Uses
Best Use
Office B
$430.7K
$376.9K – $502.5K
NOI $30,151 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$637.1K
$557.5K – $743.3K
NOI $44,598 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,344
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - High-visibility office suite with flexible layout and highway access.
Where is this office units located?
The property is located at 7350 El Camino Real Atascadero, CA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: High‑exposure, prime front‑corner location on El Camino with monument signage.; Easy access to Hwy 101.; Spacious suite with large open work area, 3 private offices, bathroom, kitchenette, and storage.
