Second-Floor End-Unit Office
935 Riverside AVE 24 Paso Robles, CA 93446
935 Riverside AVE 24, Paso Robles, CA, 93446
$212,500
For Sale
$212,500
End-unit second-floor office condo with a reception area, private offices, kitchenette, private restroom, and covered balcony entry.
Property Size800 SF
Price / SF$265.63
Days on Market29
Property Features for 935 Riverside AVE 24
General Information
- Standard status
- Active
- Size
- 800 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1979
Listing Agency
Central Coast Sotheby's International Realty
(805) 423-0359
Listed by
Lisa Lewis · License #01492410
(805) 423-0359
Source
Exitrealty
Added: Jun 18 Checked: Jul 16 at 6:56 am
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 Central Coast Sotheby's International Realty
Investment Insights
Based on property information with market context.
This second-floor, end-unit office condo is built for a client-facing professional layout. Inside, you’ll find a welcoming reception area with a built-in pass-through desk, multiple private offices, a spacious open work area, and a kitchenette with full upper and lower cabinetry. The unit also includes a private restroom with a granite vanity. Finishes include rich mahogany millwork with custom wainscoting and detailed door casings, along with frosted-glass French doors. A covered balcony entry with exposed wood-beam ceiling provides a prominent first impression.
The property is located at Alliance Square, described as a recognized commercial address in downtown Paso Robles. The building offers abundant on-site parking and visibility, with quick freeway access for commuting clients and staff. It is also noted to be steps from the new Ava Hotel and minutes from downtown Paso Robles’ restaurants, wine tasting rooms, and retail.
With its end-unit privacy and purpose-built interior configuration, the space is presented as suitable for professional uses requiring both presence and separation of work areas.
The property is located at Alliance Square, described as a recognized commercial address in downtown Paso Robles. The building offers abundant on-site parking and visibility, with quick freeway access for commuting clients and staff. It is also noted to be steps from the new Ava Hotel and minutes from downtown Paso Robles’ restaurants, wine tasting rooms, and retail.
With its end-unit privacy and purpose-built interior configuration, the space is presented as suitable for professional uses requiring both presence and separation of work areas.
Key Highlights
- 1979‑built, end‑unit second‑floor office condo at Alliance Square
- Approx. 800 SF office space with reception, multiple private offices, and open work area
- Kitchenette with full upper and lower cabinetry
Local Financial Insights For Office B
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 | $21.1k | $26.40 |
| − Vacancy | −$1.3k | −$1.58 |
| EGI | $19.9k | $24.82 |
| − OpEx | −$5.0k | −$6.20 |
| NOI | $14.9k | $18.61 |
800 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$212.7K
$186.1K – $248.2K
NOI $14,890 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$314.6K
$275.3K – $367.1K
NOI $22,024 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office units - End-unit second-floor office condo with a reception area, private offices, kitchenette, private restroom, and covered balcony entry.
Where is this office units located?
The property is located at 935 Riverside AVE 24 Paso Robles, CA.
What is the asking price?
The asking price for this property is $212,500.
What are key features of this property?
This property features: 1979‑built, end‑unit second‑floor office condo at Alliance Square; Approx. 800 SF office space with reception, multiple private offices, and open work area; Kitchenette with full upper and lower cabinetry
