Taco Bell Anchored Strip
For Sale
Contact for pricing
7385 El Camino Real, Atascadero, CA 93422
Value-add opportunity in a prime California coastal location.
Property Size38,599 SF
Price / SF$215.03
Days on Market146
Property Features for 7385 El Camino Real
General Information
Standard status
Active
Size
38,599 SF
Property subtype
Retail
Zoning
CR - Commercial Retail
Occupancy
94%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$503,890
Building Details
Year Built
1982
Buildings
3
Stories
1
Units
21
Tenancy
Multi
Listing Agency:
Essential Capital Advisors
Listed By:
Michael Cisternino · License #CA 01708023
Source:
Crexi
Added: May 26
Changed: Oct 16
Last Checked: Oct 16 at 7:18AM
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 Essential Capital Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate offering features a strip center anchored by a Taco Bell. The property presents a value-add opportunity and is situated in a prime California coastal location. The property size is 38599 square feet.
Key Highlights
- Taco Bell Anchored
- Prime California Coastal Location
- Value‑Add Opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$627,064
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,541,280
$12.5M
Cap Rate 7%
$8,958,057
$9.0M
Cap Rate 9%
$6,967,378
$7.0M
Market Conditions
NOI Build-Up for 38,599 SF
Gross rent
$926.4K $24.00/SF
− Vacancy
−$30.6K −$0.79/SF
EGI
$895.8K $23.21/SF
− OpEx
−$268.7K −$6.96/SF
NOI
$627.1K $16.25/SF
Area
San Luis Obispo County, CA
Vacancy
3.30%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,541,280
Cap Rate 7%
$8,958,057
Cap Rate 9%
$6,967,378
Alternative Uses
Best Use
Retail
$8.96M
$7.84M – $10.45M
NOI $627,064 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$15.18M
$13.28M – $17.71M
NOI $1,062,627 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,344
Businesses Nearby
209k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 32%
Groceries 19%
Beauty & Spa 1%
VONS
Groceries
39,808 visits/mo
0.3 miles
McDonald's
Dining
24,306 visits/mo
0.4 miles
76
Shops & Services
17,843 visits/mo
0.3 miles
Starbucks
Dining
12,554 visits/mo
0.4 miles
Taco Bell
Dining
12,112 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Value-add opportunity in a prime California coastal location.
Where is this strip mall located?
The property is located at 7385 El Camino Real Atascadero, CA.
What is the asking price?
The asking price for this property is $8,300,000.
What are key features of this property?
This property features: Taco Bell Anchored; Prime California Coastal Location; Value‑Add Opportunity
