Two-Story Mixed-Use
793 Higuera St San Luis Obispo, CA 93401
793 Higuera St, San Luis Obispo, CA, 93401
$3,465,000
For Sale
$3,465,000
Two-story building with office and retail space located at the intersection of Higuera and Chorro Streets in downtown San Luis Obispo.
Property Size7,492 SF
Price / SF$462.49
Days on Market27
Property Features for 793 Higuera St
General Information
- Standard status
- Active
- Size
- 7,492 SF
- Property subtype
- Commercial/Industrial
Listing agency
Radius Group Commercial R.E.
(805) 234-4008
Listed by
Jay Peet · License #01779282
(805) 234-4008
Source
Exitrealty
Added: Jun 26 Updated: Jul 20 at 6:16PM Checked: Jul 21 at 5:16AM
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 Radius Group Commercial R.E.
Investment Insights
Based on property information with market context.
This two-story mixed-use asset combines office and retail uses within a single building, totaling approximately 7,492 SF. The property is positioned to support in-place income through complementary tenants across the office and retail components.
Located at the intersection of Higuera and Chorro Streets, the asset sits in Downtown San Luis Obispo’s primary commercial corridor. The surrounding area includes shopping and dining, and it is described as being near the Thursday night Farmers’ Market, as well as steps from Mission San Luis Obispo and Cal Poly’s HotHouse innovation hub.
The offering is presented for sale, with the mixed-use configuration intended to serve both daily pedestrian activity and the downtown environment.
Located at the intersection of Higuera and Chorro Streets, the asset sits in Downtown San Luis Obispo’s primary commercial corridor. The surrounding area includes shopping and dining, and it is described as being near the Thursday night Farmers’ Market, as well as steps from Mission San Luis Obispo and Cal Poly’s HotHouse innovation hub.
The offering is presented for sale, with the mixed-use configuration intended to serve both daily pedestrian activity and the downtown environment.
Key Highlights
- Two‑story mixed‑use building with office and retail space at the intersection of Higuera and Chorro Streets in downtown San Luis Obispo
- ±7,492 SF building with in‑place office and retail uses
- Offered at $3,465,000 with a stated 4.88% cap rate
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 | $197.8k | $26.40 |
| − Vacancy | −$11.9k | −$1.58 |
| EGI | $185.9k | $24.82 |
| − OpEx | −$46.5k | −$6.20 |
| NOI | $139.4k | $18.61 |
7,492 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.99M
$1.74M – $2.32M
NOI $139,441 @ 7.0% cap · market cap 4.02%
Second Best
Retail
$1.74M
$1.52M – $2.03M
NOI $121,712 @ 7.0% cap · market cap 3.51%
Theoretical Best
Healthcare Medical
$2.95M
$2.58M – $3.44M
NOI $206,254 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jessica Bany, LMFT
Psychotherapist
SLO Property Management
Property Management Company
Planted Practice - Therapists ...
Crisis Center
Media Recruiters
Employment Agency
Variety Artists International ...
Employment Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two-story building with office and retail space located at the intersection of Higuera and Chorro Streets in downtown San Luis Obispo.
Where is this mixed-use property located?
The property is located at 793 Higuera St San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $3,465,000.
What are key features of this property?
This property features: Two‑story mixed‑use building with office and retail space at the intersection of Higuera and Chorro Streets in downtown San Luis Obispo; ±7,492 SF building with in‑place office and retail uses; Offered at $3,465,000 with a stated 4.88% cap rate
