Flex Space with Office
For Sale
$545,000
930 Huber ST H, Grover Beach, CA 93433
Updated flex suite combines finished office space with an open warehouse and roll-up access.
Property Size1,945 SF
Price / SF$280.21
Days on Market66
Property Features for 930 Huber ST H
General Information
Standard status
Active
Size
1,945 SF
Property subtype
Commercial/Industrial
Additional Details
Asking Price
$545,000
Clear Height
13.5 ft
Building Details
Year Built
1985
Listing Agency:
Colliers Tingey International Inc.
(805) 544-3900
Listed By:
Preston Thomas · License #01378821
(805) 544-3900
Source:
Exitrealty
Added: Jun 26
Changed: Aug 30
Last Checked: Aug 30 at 2:28AM
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 Colliers Tingey International Inc.
Investment Insights
Based on property information with market context.
This flex space includes approximately 1,945 square feet arranged for both office and warehouse functions. The office component measures 350+ square feet and includes a reception area, private office or conference room, and an ADA-compliant restroom. The balance is configured as open warehouse space with 13.5 feet of clear height at the bottom truss and a roll-up door.
Built in 1985, the suite has been recently constructed and updated with modern finishes. Its configuration supports storage, light manufacturing, and distribution uses, subject to applicable requirements. The property is located at 930 Huber St H in Grover Beach, California.
Built in 1985, the suite has been recently constructed and updated with modern finishes. Its configuration supports storage, light manufacturing, and distribution uses, subject to applicable requirements. The property is located at 930 Huber St H in Grover Beach, California.
Key Highlights
- Approximately 1,945 square feet of flex space
- 350+ square feet of office buildout
- Reception area, private office/conference room, and ADA‑compliant restroom
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
$36,200
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
6.64%
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%
$724,000
$724.0K
Cap Rate 7%
$517,143
$517.1K
Cap Rate 9%
$402,222
$402.2K
Market Conditions
NOI Build-Up for 1,945 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
$51.3K $26.40/SF
− Vacancy
−$3.1K −$1.58/SF
EGI
$48.3K $24.82/SF
− OpEx
−$12.1K −$6.20/SF
NOI
$36.2K $18.61/SF
Area
San Luis Obispo County, CA
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$724,000
Cap Rate 7%
$517,143
Cap Rate 9%
$402,222
Alternative Uses
Best Use
Office B
$517.1K
$452.5K – $603.3K
NOI $36,200 @ 7.0% cap · market cap 6.64%
Second Best
Flex RnD
$344.6K
$301.5K – $402.0K
NOI $24,119 @ 7.0% cap · market cap 4.43%
Theoretical Best
Healthcare Medical
$764.9K
$669.3K – $892.4K
NOI $53,546 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13 ft
Clear height
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93433, CA
12,643
Population
5,757
Households
2.2
Avg Household Size
42
Median Age
27%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
5,747
Density / Sq Mi
$82,534
Median Household Income
$39,412
Median Earnings
$1,921
Median Rent
$691,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Updated flex suite combines finished office space with an open warehouse and roll-up access.
Where is this flex space located?
The property is located at 930 Huber ST H Grover Beach, CA.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Approximately 1,945 square feet of flex space; 350+ square feet of office buildout; Reception area, private office/conference room, and ADA‑compliant restroom
