Multi-Tenant Industrial
8981 La Linia AVE Atascadero, CA 93422
8981 La Linia AVE, Atascadero, CA, 93422
$2,495,000
Pending
For Sale
$2,495,000
Pending
Two free-standing industrial buildings with grade-level manual roll-up doors, fenced parking, and billboard income, fully occupied.
Property Size18,300 SF
Lot Size1.08 Acres
Days on Market77
Property Features for 8981 La Linia AVE
General Information
- Standard status
- Pending
- Size
- 18,300 SF
- Lot size
- 1.08 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1985
Listing agency
Pippin Real Estate
(805) 459-7363
Listed by
Terry Pippin · License #01079616
(805) 459-7363
Source
Exitrealty
Added: May 6 Updated: Jul 20 at 8:19PM Checked: Jul 21 at 3:53AM
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 Pippin Real Estate
Investment Insights
Based on property information with market context.
This multi-tenant industrial and commercial facility consists of two free-standing buildings constructed in 1985, totaling 18,300 square feet of gross and rentable building area on 1.08 acres. The buildings are steel-frame construction on concrete slab foundations, with several grade-level manual roll-up doors. Exterior improvements include paved parking, perimeter fencing, and landscaping.
The property borders Highway 101 and includes additional income from a billboard. It is centrally located in the City of Atascadero and is zoned CS/Commercial services.
The facility is 100% occupied, with original ownership and long-standing tenants. It presents a straightforward, stable operating profile with predictable scheduled growth, per the seller’s remarks.
The property borders Highway 101 and includes additional income from a billboard. It is centrally located in the City of Atascadero and is zoned CS/Commercial services.
The facility is 100% occupied, with original ownership and long-standing tenants. It presents a straightforward, stable operating profile with predictable scheduled growth, per the seller’s remarks.
Key Highlights
- Two free‑standing industrial/commercial buildings built in 1985 totaling 18,300 sq. ft. (gross and rentable) on 1.08 acres
- Bordering Highway 101, centrally located in the City of Atascadero
- 100% occupied with several long‑standing tenants
Local Financial Insights For Warehouse
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 | $252.5k | $13.80 |
| − Vacancy | −$8.3k | −$0.46 |
| EGI | $244.2k | $13.34 |
| − OpEx | −$36.6k | −$2.00 |
| NOI | $207.6k | $11.34 |
18,300 SF · lease $13.80/SF/yr · vacancy 3.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.97M
$2.59M – $3.46M
NOI $207,575 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$7.20M
$6.30M – $8.40M
NOI $503,798 @ 7.0% cap · market cap 20.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Thrive Training Center ...
Gym & Fitness Center
C&H MOTORSPORTS
Auto Repair Shop
German Performance
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Downtown Mini Storage — 9200 El Camino Real, Atascadero, CA 93422
- Palomar Self Storage — 8842 Palomar Ave, Atascadero, CA 93422
- Atascadero Mini Storage — 9150 El Camino Real, Atascadero, CA 93422
- Mini U Storage — 9300 El Camino Real, Atascadero, CA 93422
- U-Stor-It Mini-Storage — 9175 San Gabriel Rd, Atascadero, CA 93422
FAQs
What type of property is this?
Warehouse - Two free-standing industrial buildings with grade-level manual roll-up doors, fenced parking, and billboard income, fully occupied.
Where is this warehouse located?
The property is located at 8981 La Linia AVE Atascadero, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Two free‑standing industrial/commercial buildings built in 1985 totaling 18,300 sq. ft. (gross and rentable) on 1.08 acres; Bordering Highway 101, centrally located in the City of Atascadero; 100% occupied with several long‑standing tenants
