Mixed-Use Property with Approved
For Sale
$4,500,000
800 11th. Street, Paso Robles, CA 93446
Commercial Sale, Paso Robles, CA
Property Size11,000 SF
Lot Size0.50 Acres
Price / SF$409.09
Days on Market188
Property Features for 800 11th. Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Corner of Park & 11th St
Subdivision
PRIC - PR Inside City Limit
Standard status
Active
APN
009104001
Lot size
0.50 Acres
Additional Details
Tenant in Place
Yes
Utilities
Cooling system
Central Air
Building Details
Year built
1941
Buildings
1
Listing Agency:
RE/MAX Parkside Real Estate · RE/MAX International
(805) 239-3310
Listed By:
Ron Mullins Jr. · License #00875127
(805) 235-2308
Added: May 1
Changed: Nov 2
Last Checked: Nov 4 at 8:06PM
MLS# NS26092844
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.
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Investment Insights
Based on property information with market context.
At 800 11th Street, this mixed-use property includes approximately 11,000 square feet of existing improvements, including a leased restaurant of more than 4,700 square feet. The building dates to 1941 and has central air conditioning. A private, gated parking area provides 21 stalls.
Approved development plans envision roughly 18,000 square feet of mixed-use space: three commercial units measuring 2,330, 1,350 and 1,060 square feet, plus a hotel component of more than 12,000 square feet. The hotel plans call for 12 two-bedroom, two-bath units with private balconies and living and dining areas. Separately, approved remodeling plans would divide the existing building into leasable spaces of approximately 2,900, 1,350 and 1,250 square feet.
The property is on the south side of the downtown city park in Paso Robles, near restaurants, wine tasting, boutique shopping and a movie theater.
Approved development plans envision roughly 18,000 square feet of mixed-use space: three commercial units measuring 2,330, 1,350 and 1,060 square feet, plus a hotel component of more than 12,000 square feet. The hotel plans call for 12 two-bedroom, two-bath units with private balconies and living and dining areas. Separately, approved remodeling plans would divide the existing building into leasable spaces of approximately 2,900, 1,350 and 1,250 square feet.
The property is on the south side of the downtown city park in Paso Robles, near restaurants, wine tasting, boutique shopping and a movie theater.
Key Highlights
- Approved mixed‑use plans call for approximately 18,000 square feet of development
- Hotel concept includes 12 two‑bedroom, two‑bath units with private balconies
- Three planned commercial units measure 2,330, 1,350 and 1,060 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$178,702
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,574,040
$3.6M
Cap Rate 7%
$2,552,886
$2.6M
Cap Rate 9%
$1,985,578
$2.0M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$264.0K $24.00/SF
− Vacancy
−$8.7K −$0.79/SF
EGI
$255.3K $23.21/SF
− OpEx
−$76.6K −$6.96/SF
NOI
$178.7K $16.25/SF
Area
San Luis Obispo County, CA
Vacancy
3.30%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,574,040
Cap Rate 7%
$2,552,886
Cap Rate 9%
$1,985,578
Alternative Uses
Best Use
Retail
$2.55M
$2.23M – $2.98M
NOI $178,702 @ 7.0% cap · market cap 3.97%
Second Best
Specialty Retail
$2.25M
$1.97M – $2.62M
NOI $157,394 @ 7.0% cap · market cap 3.50%
Theoretical Best
Healthcare Medical
$4.33M
$3.79M – $5.05M
NOI $302,829 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,863
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 38%
Shops & Services 31%
Dining 24%
Home Improvements & Furnishings 7%
Boot Barn
Apparel
13,761 visits/mo
0.3 miles
Bank of America
Shops & Services
11,398 visits/mo
0.4 miles
Cool Hand Luke's
Dining
6,510 visits/mo
0.1 miles
Cold Stone Creamery
Dining
2,288 visits/mo
0.1 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,366 visits/mo
0.3 miles
Demographics for 93446, CA
45,979
Population
19,786
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
428.3 sq mi
ZIP Area
107
Density / Sq Mi
$94,512
Median Household Income
$43,229
Median Earnings
$1,946
Median Rent
$661,400
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An existing leased restaurant and approved redevelopment concepts offer multiple configurations at a downtown park-side site.
Where is this mixed-use property located?
The property is located at 800 11th. Street Paso Robles, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Approved mixed‑use plans call for approximately 18,000 square feet of development; Hotel concept includes 12 two‑bedroom, two‑bath units with private balconies; Three planned commercial units measure 2,330, 1,350 and 1,060 square feet
