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    4985 Traffic Way Atascadero, CA 93422

    Sponsored
    For Sale
    $1,950,000

    Warehouse, Land & Income Potential

    Property size:
    2,965 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Atascadero, CA industrial property offers a unique investment opportunity. The 1.42-acre lot includes a 2,965 square foot warehouse building constructed in 1951, featuring 15.5' - 19.5' ceilings, one restroom, and ample parking (six spaces, including one ADA compliant). The warehouse boasts two loading options: a 12'H x 14'W roll-up door and a 14'H x 9.5'W sliding door. A significant portion of the land (1.26 acres) is fenced, currently used for outdoor storage, generating potential rental income. The property is zoned I (Industrial) and has a clean Phase I environmental report (8/22/20). A conditional-use permit allows for 57 RV/boat storage spaces. This versatile property is ideal for owner-users or developers seeking a covered land play, with potential for higher and better use, such as constructing additional industrial buildings or mini-storage facilities. The asking price is $1,950,000, and the APN is 028-102-002. The property's location at 4985 Traffic Way, Atascadero, CA 93422, provides excellent access and visibility. This is a rare opportunity to acquire a property with existing income streams and significant development potential in a desirable location.

    Property Features for 4985 Traffic Way

    General Information

    Property type
    Distribution properties
    Square Feet
    2,965 SF

    Building Details

    Year Built
    1951

    HighLights

    • $1,950,000 asking price.
    • 1.42‑acre lot (61,855 SF).
    • 1.26‑acre (55,220 SF) fenced yard.
    • 2,965 SF warehouse building.
    • APN 028‑102‑002.
    • Industrially zoned (I).
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Atascadero
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6654691
    Latitude
    35.5030825

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    FAQs

    What type of property is this?
    Distribution property - Warehouse, Land & Income Potential
    Where is this distribution property located?
    The property is located at 4985 Traffic Way Atascadero, CA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: $1,950,000 asking price.; 1.42-acre lot (61,855 SF).; 1.26-acre (55,220 SF) fenced yard.
    Request Owner's contact information
    4985 Traffic Way Atascadero, CA 93422
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    Atascadero, CA 93422
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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
    4985 Traffic Way Atascadero, CA 93422
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