Office Unit With Private
For Sale
$495,000
7623 Morro Road, Atascadero, CA 93422
Commercial Sale, Atascadero, CA
Property Size1,900 SF
Price / SF$260.53
Days on Market891
Property Features for 7623 Morro Road
General Information
Property type
Residential
Property subtype
Office
Directions
Morro Rd /highway 41 west Atascadero
Subdivision
ATSC - Atascadero
Standard status
Active
APN
031162003
Utilities
Cooling system
Central Air
Amenities
outside patio
Listing Agency:
Platinum Properties
(805) 226-4204
Listed By:
Carrie Schechter · License #01460918
(805) 550-7323
Added: Apr 30, 2024
Changed: Aug 24
Last Checked: Oct 7 at 10:06AM
MLS# NS25096219
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,900-square-foot office unit at 7623 Morro Road includes 3 private work rooms, several workstations, and 2 bathrooms. An outdoor patio adds a separate exterior area, while central air conditioning serves the space.
The property is positioned off Highway 41 and Morro Road in Atascadero, with ample parking available for the complex. The address is within San Luis Obispo County and the 93422 postal area.
The property is positioned off Highway 41 and Morro Road in Atascadero, with ample parking available for the complex. The address is within San Luis Obispo County and the 93422 postal area.
Key Highlights
- 1,900 square feet of office space
- 3 private work rooms and several workstations
- 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,363
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,260
$707.3K
Cap Rate 7%
$505,186
$505.2K
Cap Rate 9%
$392,922
$392.9K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$50.2K $26.40/SF
− Vacancy
−$3.0K −$1.58/SF
EGI
$47.2K $24.82/SF
− OpEx
−$11.8K −$6.20/SF
NOI
$35.4K $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%
$707,260
Cap Rate 7%
$505,186
Cap Rate 9%
$392,922
Alternative Uses
Best Use
Office B
$505.2K
$442.0K – $589.4K
NOI $35,363 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$747.2K
$653.8K – $871.8K
NOI $52,307 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
870
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Configured with multiple enclosed rooms, workstations, an outdoor patio, and central air conditioning.
Where is this office units located?
The property is located at 7623 Morro Road Atascadero, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,900 square feet of office space; 3 private work rooms and several workstations; 2 bathrooms
