7623 Morro Road Atascadero, CA 93422
SINGLE_FAMILY - Atascadero, CA
Property Features for 7623 Morro Road
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 031162003
Utilities
- Cooling system
- Central Air
Listing agent Carrie Schechter License #01460918 (805) 550-7323
Listing office Platinum Properties 1117 Vine St., Paso Robles, CA (805) 226-4204
Listing date Apr 30, 2024
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Investment Insights
Based on property information with market context.
The unit is located at 7623 Morro Road in Atascadero, with access noted off Highway 41 and Morro Road. The property also features ample parking, supporting convenient day-to-day customer and employee access.
With approximately 1,900 square feet, this layout suits teams that need both open workspace and enclosed offices. The combination of multiple work areas, private rooms, and an outdoor patio can support a range of professional uses that benefit from flexible interior configurations and on-site parking. For buyers looking to acquire a business-ready office unit in a maintained setting, this space provides a practical starting point with clearly defined work zones.
Key Highlights
- Unit features central air conditioning
- Approx. 1,900 sq ft with 2 bathrooms
- Includes several work stations plus 3 private work rooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.2k | $26.40 |
| − Vacancy | −$3.0k | −$1.58 |
| EGI | $47.2k | $24.82 |
| − OpEx | −$11.8k | −$6.20 |
| NOI | $35.4k | $18.61 |
