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    200 Station Way Arroyo Grande, CA 93420

    For Sale
    $6,500,000

    Prime Mixed-Use Investment, High Occupancy

    Property size:
    19,352 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use investment property, located at 200 & 230 Station Way in Arroyo Grande, California, presents a compelling opportunity. The property consists of two buildings totaling 19,352 square feet of net rentable space, currently boasting 90.8% occupancy. Built in 2000, this Class B property features a versatile layout suitable for both medical and traditional office uses, catering to a diverse tenant base. The property includes ten units spread across two stories, offering a mix of office spaces and potentially live-work arrangements. The convenient location, adjacent to the East Village and with easy access to US 101, enhances its appeal. The asking price is $6,500,000, translating to $335.88 per square foot. The property is zoned VMU (Village Mixed Use), offering flexibility for future development or adaptation. The distinct building facades create separate identities for the main suites, enhancing the overall aesthetic appeal. The property's APN is 007-482-024. This investment opportunity combines strong current income with significant long-term potential in a desirable California location. The inviting patio spaces contribute to a comfortable and attractive environment for tenants. This property is an excellent choice for both owner-users and investors seeking a stable and potentially appreciating asset.

    Property Features for 200 Station Way

    General Information

    Property type
    Medical offices
    Square Feet
    19,352 SF
    Class
    B

    Building Details

    Year Built
    2000
    Buildings
    2
    Stories
    2
    Units
    10

    HighLights

    • Exceptional mixed‑use investment property in Arroyo Grande, CA.
    • 19,352 square feet of net rentable space with 90.8% occupancy.
    • Two‑building property, built in 2000, offering a mix of office spaces, potentially including live‑work units.
    • Convenient location near East Village and US 101, zoned VMU.
    • Asking price: $6,500,000 ($335.88/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arroyo Grande
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.57868113022
    Latitude
    35.12041471418

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    FAQs

    What type of property is this?
    Medical office - Prime Mixed-Use Investment, High Occupancy
    Where is this medical office located?
    The property is located at 200 Station Way Arroyo Grande, CA.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: Exceptional mixed-use investment property in Arroyo Grande, CA.; 19,352 square feet of net rentable space with 90.8% occupancy.; Two-building property, built in 2000, offering a mix of office spaces, potentially including live-work units.
    Request Owner's contact information
    200 Station Way Arroyo Grande, CA 93420
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    200 Station Way
    Arroyo Grande, CA 93420
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 Station Way Arroyo Grande, CA 93420
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