First-Floor Office
For Sale
$349,000
7350 El Camino Real, Atascadero, CA 93422
Front-corner office suite with private offices, kitchenette, break room, and on-site parking.
Property Size1,620 SF
Price / SF$215.43
Days on Market8
Property Features for 7350 El Camino Real
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
1
Office Units
1
Amenities
Central Air
3
Building Details
Year Built
1983
Tenancy
Single
Listing Agency:
A List Properties
(805) 610-0345
Listed By:
April Fehrer · License #01446379
Source:
Xome
Added: Aug 23
Changed: Aug 29
Last Checked: Aug 29 at 7:47PM
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 A List Properties
Investment Insights
Based on property information with market context.
This first-floor office suite combines Units 101 and 102 into 1,620 square feet of commercial workspace. The layout includes an open reception or bullpen area, three private offices, a private restroom, a kitchenette, and a separate staff break room. Central air and the expansive configuration support a mix of shared and enclosed work areas.
The suite fronts El Camino Real in Atascadero and includes monument signage. On-site parking is available, with access to Highway 101 and Highway 41 West. San Luis Obispo is approximately a 20-minute drive away. The building was constructed in 1983.
The suite fronts El Camino Real in Atascadero and includes monument signage. On-site parking is available, with access to Highway 101 and Highway 41 West. San Luis Obispo is approximately a 20-minute drive away. The building was constructed in 1983.
Key Highlights
- Units 101 and 102 combined into a 1,620‑square‑foot office suite
- Front‑corner, first‑floor position on El Camino Real
- Three private offices plus an open reception or bullpen area
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
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Office units - Front-corner office suite with private offices, kitchenette, break room, and on-site parking.
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: Units 101 and 102 combined into a 1,620‑square‑foot office suite; Front‑corner, first‑floor position on El Camino Real; Three private offices plus an open reception or bullpen area
