Approved Mixed-Use Retail Hotel
800 11th. Street Paso Robles, CA 93446
For Sale
$5,000,000
Includes a leased restaurant, approved retail and hotel components, and a gated 21-stall parking lot.
Property Size10,780 SF
Lot Size0.50 Acres
Price / SF$463.82
Days on Market147
Property Features for 800 11th. Street
General Information
Standard status
Active
Size
10,780 SF
Lot size
0.50 Acres
Property subtype
Mixed Use
Building Details
Year Built
1941
Listing Agency:
RE/MAX Parkside Real Estate
(805) 239-3310
Listed By:
Ron Mullins Jr. · License #00875127
Source:
Xome
Added: Mar 4
Changed: Jul 10
Last Checked: Jul 29 at 4:19AM
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 RE/MAX Parkside Real Estate
Investment Insights
Based on property information with market context.
The property comprises a nearly half-acre parcel with an approximately 10,780-square-foot improved building. Plans have been approved for an 18,000+/- square foot mixed-use retail/hotel development that includes commercial units of approximately 2,330, 1,350, and 1,060 square feet, along with a hotel component totaling approximately 12,000+/- square feet. The hotel plan calls for 12 two-bedroom, two-bath units with private balconies, living/dining areas, and shared parking. The existing approximately 4,700+/- square foot restaurant is currently leased, and the approval package also includes plans to remodel the existing building to create three additional leasable units of approximately 2,900, 1,350, and 1,250 square feet. A private, gated parking lot with 21 stalls is included.
Situated on the south side of the downtown city park of Paso Robles, the site is positioned amid restaurants, wine tasting, boutique shopping, and a movie theater, according to the provided remarks.
From a tenant standpoint, the approved mix supports retailers sized for multiple storefront concepts alongside lodging operations with 12 two-bedroom suites. For restaurant users, the existing leased restaurant building and remodel plans create a straightforward path for additional food and beverage or other complementary retail uses within the combined project footprint, supported by on-site gated parking.
Situated on the south side of the downtown city park of Paso Robles, the site is positioned amid restaurants, wine tasting, boutique shopping, and a movie theater, according to the provided remarks.
From a tenant standpoint, the approved mix supports retailers sized for multiple storefront concepts alongside lodging operations with 12 two-bedroom suites. For restaurant users, the existing leased restaurant building and remodel plans create a straightforward path for additional food and beverage or other complementary retail uses within the combined project footprint, supported by on-site gated parking.
Key Highlights
- Nearly 1/2‑acre parcel with almost 11,000 SF of improved building on the downtown city park of Paso Robles
- Leased 4,700+/- SF restaurant included
- Recently approved mixed‑use plans for retail plus 12,000+/- SF hotel with 12 two‑bedroom, two‑bath units and private balconies
Financial Insights For Retail
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 | $258.7k | $24.00 |
| − Vacancy | −$8.5k | −$0.79 |
| EGI | $250.2k | $23.21 |
| − OpEx | −$75.1k | −$6.96 |
| NOI | $175.1k | $16.25 |
10,780 SF · lease $24.00/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.50M
$2.19M – $2.92M
NOI $175,128 @ 7.0% cap · market cap 3.50%
Second Best
Specialty Retail
$2.20M
$1.93M – $2.57M
NOI $154,246 @ 7.0% cap · market cap 3.08%
Theoretical Best
Healthcare Medical
$4.24M
$3.71M – $4.95M
NOI $296,773 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Hotel - Includes a leased restaurant, approved retail and hotel components, and a gated 21-stall parking lot.
Where is this hotel located?
The property is located at 800 11th. Street Paso Robles, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Nearly 1/2‑acre parcel with almost 11,000 SF of improved building on the downtown city park of Paso Robles; Leased 4,700+/- SF restaurant included; Recently approved mixed‑use plans for retail plus 12,000+/- SF hotel with 12 two‑bedroom, two‑bath units and private balconies
