End-Unit Office
For Sale
$199,000
935 Riverside Unit 24, Paso Robles, CA 93446
Second-floor professional workspace with private offices, reception, kitchenette, and a polished client-facing layout.
Property Size800 SF
Price / SF$248.75
Days on Market50
Property Features for 935 Riverside Unit 24
General Information
Standard status
Active
Size
800 SF
Additional Details
Floor
2
Highway Access
Yes
Building Details
Year Built
1979
Listing Agency:
Central Coast Sotheby's International Realty
Listed By:
Lisa Lewis · License #01492410
(805) 423-0359
Source:
Livebre
Added: Aug 26
Changed: Oct 13
Last Checked: Oct 7 at 2:57PM
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.
Located at 935 Riverside Unit 24, this approximately 800-square-foot, second-floor end-unit office condo offers a defined professional setting with a reception area, built-in pass-through desk, multiple private offices, and an open work area. A kitchenette with upper and lower cabinetry and a private restroom with granite vanity support daily operations. Mahogany millwork, custom wainscoting, detailed door casings, and frosted-glass French doors add a finished interior character, while the covered balcony entry features an exposed wood-beam ceiling.
The property is in Alliance Square, a recognized commercial address in downtown Paso Robles. The Ava Hotel, restaurants, wine tasting rooms, and retail are nearby, with freeway access serving commuting clients and staff. Abundant on-site parking and the privacy of an end-unit configuration complement the office layout. The building was constructed in 1979.
The property is in Alliance Square, a recognized commercial address in downtown Paso Robles. The Ava Hotel, restaurants, wine tasting rooms, and retail are nearby, with freeway access serving commuting clients and staff. Abundant on-site parking and the privacy of an end-unit configuration complement the office layout. The building was constructed in 1979.
Key Highlights
- 800 square foot +/- second‑floor end‑unit office condo
- Reception area, built‑in pass‑through desk, private offices, and open work area
- Mahogany millwork, custom wainscoting, detailed door casings, and frosted‑glass French doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,890
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,800
$297.8K
Cap Rate 7%
$212,714
$212.7K
Cap Rate 9%
$165,444
$165.4K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$21.1K $26.40/SF
− Vacancy
−$1.3K −$1.58/SF
EGI
$19.9K $24.82/SF
− OpEx
−$5.0K −$6.20/SF
NOI
$14.9K $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 Rate 5%
$297,800
Cap Rate 7%
$212,714
Cap Rate 9%
$165,444
Alternative Uses
Best Use
Office B
$212.7K
$186.1K – $248.2K
NOI $14,890 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$314.6K
$275.3K – $367.1K
NOI $22,024 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,863
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor professional workspace with private offices, reception, kitchenette, and a polished client-facing layout.
Where is this office units located?
The property is located at 935 Riverside Unit 24 Paso Robles, CA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 800 square foot +/- second‑floor end‑unit office condo; Reception area, built‑in pass‑through desk, private offices, and open work area; Mahogany millwork, custom wainscoting, detailed door casings, and frosted‑glass French doors
