Professional Office Unit For
For Sale
$265,000
7500 Morro Rd, Atascadero, CA 93422
Well-maintained office unit with versatile floor plan and ample parking.
Property Size1,280 SF
Lot Size0.03 Acres
Days on Market212
Property Features for 7500 Morro Rd
General Information
Standard status
Active
Size
1,280 SF
Lot size
0.03 Acres
Property subtype
Commercial
Building Details
Building Size
1,280 SF
Year Built
1987
Listing Agency:
Century 21 Masters
Listed By:
Richard Shannon · License #00619856
(805) 466-8000
Source:
Elliman
Added: Mar 10
Changed: Oct 2
Last Checked: Oct 5 at 4:30PM
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 Century 21 Masters
Investment Insights
Based on property information with market context.
Located in the Golden West Professional Center, this end unit features a functional floor plan suitable for various office and professional uses. The layout includes two large offices, an open bullpen-style work area near the reception, and a storage room equipped with built-in shelving and cabinetry. A large restroom with storage is also present. The property offers ample parking both in front and behind the building, with two entry points, including one directly accessible from employee parking. The unit benefits from excellent signage visibility from Morro Road.
Key Highlights
- Excellent signage visibility from Morro Road.
- Convenient location in the Golden West Professional Center.
- Well‑maintained end unit with a functional floor plan.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,823
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,460
$476.5K
Cap Rate 7%
$340,329
$340.3K
Cap Rate 9%
$264,700
$264.7K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$33.8K $26.40/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$31.8K $24.82/SF
− OpEx
−$7.9K −$6.20/SF
NOI
$23.8K $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 Rate 5%
$476,460
Cap Rate 7%
$340,329
Cap Rate 9%
$264,700
Alternative Uses
Best Use
Office B
$340.3K
$297.8K – $397.1K
NOI $23,823 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$503.4K
$440.5K – $587.3K
NOI $35,238 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
777
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office unit with versatile floor plan and ample parking.
Where is this office units located?
The property is located at 7500 Morro Rd Atascadero, CA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Excellent signage visibility from Morro Road.; Convenient location in the Golden West Professional Center.; Well‑maintained end unit with a functional floor plan.
