Updated Commercial Space with
For Sale
$1,300,000
9-1902 Creston Rd, Paso Robles, CA 93446
Updated commercial space with patio in high-traffic location.
Property Size3,300 SF
Price / SF$393.94
Days on Market162
Property Features for 9-1902 Creston Rd
General Information
Standard status
Active
Size
3,300 SF
Listing Agency:
Archer Wilkinson, Inc.
(805) 781-3092
Listed By:
Bill Carpenter · License #00881534
(805) 234-3537
Source:
Exprealty
Added: May 6
Changed: Oct 8
Last Checked: Oct 12 at 10:22PM
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 Archer Wilkinson, Inc.
Investment Insights
Based on property information with market context.
This updated commercial space offers visibility and a modern-rustic aesthetic. The building has approximately 3,300 square feet of space, with an additional 445 square-foot outdoor patio. The floor plan is suited for a restaurant, café, tasting room, or hospitality concept. The property is a stand-alone building on a corner pad in a high-traffic location. It is located in a culinary and wine country destination. Restaurant equipment and a full liquor license are negotiable.
Key Highlights
- High‑visibility location in a desirable, high‑traffic area.
- Turnkey space ideal for restaurant, café, tasting room, or hospitality concept.
- Modern‑rustic aesthetic with a welcoming first impression.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,218
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,360
$944.4K
Cap Rate 7%
$674,543
$674.5K
Cap Rate 9%
$524,644
$524.6K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$66.1K $20.04/SF
− Vacancy
−$3.2K −$0.96/SF
EGI
$63.0K $19.08/SF
− OpEx
−$15.7K −$4.77/SF
NOI
$47.2K $14.31/SF
Area
San Luis Obispo County, CA
Vacancy
4.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,360
Cap Rate 7%
$674,543
Cap Rate 9%
$524,644
Alternative Uses
Best Use
Specialty Retail
$674.5K
$590.2K – $787.0K
NOI $47,218 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.30M
$1.14M – $1.51M
NOI $90,849 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,706
Businesses Nearby
14k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Home Improvements & Furnishings 34%
Shops & Services 4%
Cool Hand Luke's
Dining
6,510 visits/mo
0.4 miles
True Value Hardware
Home Improvements & Furnishings
2,528 visits/mo
0.4 miles
Cold Stone Creamery
Dining
2,288 visits/mo
0.5 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,366 visits/mo
0.3 miles
Ferguson
Home Improvements & Furnishings
997 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- The Patio Kitchen — 710 Pine St, Paso Robles, CA 93446
- Society Cuisine LLC — 825 Riverside Ave #12, Paso Robles, CA 93446
- Trumpet Vine Catering — 825 Riverside Ave #12, Paso Robles, CA 93446
Frequently Asked Questions
What type of property is this?
Restaurant - Updated commercial space with patio in high-traffic location.
Where is this restaurant located?
The property is located at 9-1902 Creston Rd Paso Robles, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: High‑visibility location in a desirable, high‑traffic area.; Turnkey space ideal for restaurant, café, tasting room, or hospitality concept.; Modern‑rustic aesthetic with a welcoming first impression.**
