Cambria Retail Investment
For Sale
$1,495,000
801 Main St, Cambria, CA 93428
Prime retail property in Cambria, 100% leased, great location.
Property Size3,966 SF
Price / SF$376.95
Days on Market96
Property Features for 801 Main St
General Information
Standard status
Active
Size
3,966 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1987
Listing Agency:
Martin Indvik-Broker
(805) 440-6861
Listed By:
Marty Indvik · License #00961882
(805) 440-6861
Source:
Exitrealty
Added: May 27
Changed: Aug 25
Last Checked: Aug 30 at 3:49PM
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 Martin Indvik-Broker
Investment Insights
Based on property information with market context.
This commercial retail property is located in Cambria, California, on the Pacific Coast Highway. The property is 100% leased with a mix of retail tenants, offering potential for lease adjustments according to market conditions. The building has been well-maintained, with recent investments in the roof, exterior, and interior painting. The zoning is Commercial Retail, allowing for various uses. The property size is 3,966 square feet. The location benefits from a strong tourist and local presence, and the commercial vacancy rate in the area is approximately 0%.
Key Highlights
- 100% leased with a nice retail mix, providing immediate income.
- Located in Cambria, a well‑established tourist destination on the Pacific Coast Highway.
- Recent investments in roof, exterior, and interior painting indicate well‑maintained property.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,430
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,288,600
$1.3M
Cap Rate 7%
$920,429
$920.4K
Cap Rate 9%
$715,889
$715.9K
Market Conditions
NOI Build-Up for 3,966 SF
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.
Gross rent
$95.2K $24.00/SF
− Vacancy
−$3.1K −$0.79/SF
EGI
$92.0K $23.21/SF
− OpEx
−$27.6K −$6.96/SF
NOI
$64.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,288,600
Cap Rate 7%
$920,429
Cap Rate 9%
$715,889
Alternative Uses
Best Use
Retail
$920.4K
$805.4K – $1.07M
NOI $64,430 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.56M
$1.36M – $1.82M
NOI $109,184 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 93428, CA
5,951
Population
4,199
Households
1.4
Avg Household Size
62
Median Age
44%
College-Educated
93%
High-School Grad
77.3 sq mi
ZIP Area
77
Density / Sq Mi
$89,225
Median Household Income
$34,001
Median Earnings
$1,909
Median Rent
$869,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Prime retail property in Cambria, 100% leased, great location.
Where is this retail space located?
The property is located at 801 Main St Cambria, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 100% leased with a nice retail mix, providing immediate income.; Located in Cambria, a well‑established tourist destination on the Pacific Coast Highway.; Recent investments in roof, exterior, and interior painting indicate well‑maintained property.
