Downtown Retail Building with 3
845 Napa Avenue Morro Bay, CA 93442
845 Napa Avenue, Morro Bay, CA, 93442
$850,000
Pending
For Sale
$850,000
Pending
Retail building with three separate, street-access suites and five dedicated parking spaces, currently occupied by tenants.
Property Size1,785 SF
Days on Market34
Property Features for 845 Napa Avenue
General Information
- Standard status
- Pending
- Size
- 1,785 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1965
Listing agency
Central Coast Sotheby's International Realty
(805) 400-5657
Listed by
Kim Phillips · License #01996202
(805) 400-5657
Source
Compass
Added: Jun 18 Updated: Jul 21 at 9:22AM Checked: Jul 21 at 9:22AM
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 Central Coast Sotheby's International Realty
Investment Insights
Based on property information with market context.
This downtown retail building is arranged as three separate suites, each with its own entrance. The suites are currently occupied by established tenants, providing an income-producing setup from day one. Five dedicated parking spaces are included, with additional nearby street parking to support customer access.
The property is located near the Embarcadero and waterfront in Morro Bay, close to boutique shopping, restaurants, galleries, and everyday conveniences. The configuration also allows for consideration of future expansion. Please do not disturb tenants.
The property is located near the Embarcadero and waterfront in Morro Bay, close to boutique shopping, restaurants, galleries, and everyday conveniences. The configuration also allows for consideration of future expansion. Please do not disturb tenants.
Key Highlights
- Commercial retail building built in 1965 in downtown Morro Bay
- Three separate street‑access suites, each with its own entrance and occupied by established tenants
- Five dedicated parking spaces plus nearby street parking
Local 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 | $42.8k | $24.00 |
| − Vacancy | −$1.4k | −$0.79 |
| EGI | $41.4k | $23.21 |
| − OpEx | −$12.4k | −$6.96 |
| NOI | $29.0k | $16.25 |
1,785 SF · lease $24.00/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$414.3K
$362.5K – $483.3K
NOI $28,998 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$702.0K
$614.3K – $819.0K
NOI $49,141 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
9th Limb Yoga
Gym & Fitness Center
Baan Thai Massage ...
Alternative Medicine Practice
Massage Ease
Alternative Medicine Practice
Yogavahi
Gym & Fitness Center
Roots To Locks Salon
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Harbor Floral Studio — 868 Napa Ave, Morro Bay, CA 93442
- Albertsons Floral — 730 Quintana Rd, Morro Bay, CA 93442
FAQs
What type of property is this?
Storefront property - Retail building with three separate, street-access suites and five dedicated parking spaces, currently occupied by tenants.
Where is this storefront property located?
The property is located at 845 Napa Avenue Morro Bay, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Commercial retail building built in 1965 in downtown Morro Bay; Three separate street‑access suites, each with its own entrance and occupied by established tenants; Five dedicated parking spaces plus nearby street parking
