Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    San Luis Obispo Commercial Parcels Title is generated by Realmo AI

    250 Tank Farm Road, San Luis Obispo, CA 93401

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Improved commercial parcels in a high-growth San Luis Obispo location.

    Type:Land
    Lot size:
    6.90 Acres
    Added:
    Sep 14, 2023
    Days on Market:
    994
    Last Refresh:
    May 12 at 8:55 pm

    Property Features for 250 Tank Farm Road

    General Information

    Standard status
    Active
    Lot size
    6.90 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Nolan Tooley
    Nolan Tooley

    Listing agent Nolan Tooley License #CA 02127359

    Listing office Hayes Commercial Group

    Listing date Sep 14, 2023

    Source Crexi

    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 Hayes Commercial Group

    HighLights

    • Located in San Luis Obispo, one of California's top 10 fastest‑growing counties.
    • Flexible Service Commercial (CS) zoning allows for diverse applications.
    • Strategic location on Tank Farm Road, a key east/west transportation corridor.
    • Proximity to four expansive developments promises increased traffic flow.
    • Engineered soils, redundant fiber optic connectivity, and ample power are available on each parcel.
    • Purchase, ground lease, or build‑to‑suit options are available.

    Overview

    Six improved parcels, ranging from 1.04 to 6.9 acres, are available for acquisition or lease in San Luis Obispo, California. The parcels feature Service Commercial (CS) zoning and are located in one of California's top 10 fastest-growing counties. The location benefits from its position on Tank Farm Road, an east/west transportation corridor connecting Higuera St and Broad St. Proximity to four expansive developments is expected to increase traffic flow to the area. Each parcel features engineered soils, redundant fiber optic connectivity, ample power, and connection to City services. These features support diverse applications, including retail, industrial, multifamily, medical office, and self-storage. The property is positioned to capitalize on the growth of San Luis Obispo and offers purchase, ground lease, or build-to-suit arrangements.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6662378
    Latitude
    35.2470761

    Nearby Similar for Sale

    • $1,395,000
      2,816 SF

      Multi-Unit Property in Railroad District

      Three residences in a prime San Luis Obispo location.
      523 Branch Street, San Luis Obispo, CA 93401
      View Details
    • $1,375,000
      2,380 SF

      San Luis Obispo Triplex Investment

      Three residential units on one property near downtown.
      1420 Johnson Avenue 1428, San Luis Obispo, CA 93401
      View Details
    • $1,250,000
      1,727 SF

      Charming Multi-Unit Property in San Luis Obispo

      Three-unit property with strong income potential in a desirable location.
      2101 Johnson Avenue, San Luis Obispo, CA 93401
      View Details
    • $1,645,000
      1,714 SF

      Dual Residence in San Luis Obispo

      Remodeled dual-residence property near Cal Poly and downtown.
      667 Howard Street 671, San Luis Obispo, CA 93401
      View Details
    • $2,900,000
      5,888 SF

      Historic Victorian Residence in San Luis Obispo

      Iconic Victorian residence with income potential in downtown San Luis Obispo.
      687 Islay, San Luis Obispo, CA 93401
      View Details
    • $1,750,000

      Large Homesite with Ocean Views

      38.58-acre land parcel in a gated community with panoramic views.
      6175 Balm Ridge Way, San Luis Obispo, CA 93401
      View Details
    • $3,900,000

      San Luis Obispo Commercial Land

      3.59 acres in a planned community, retail potential.
      2040 Prado Road, San Luis Obispo, CA 93401
      View Details
    • $1,395,000

      Mixed-Use Commercial Property Near Courthouse

      Mixed-use commercial property with flexible office space and on-site parking.
      1022 Mill St, San Luis Obispo, CA 93401
      View Details
    • $500,000

      Residential Lot in Monterey Heights

      Rare homesite with panoramic views in San Luis Obispo.
      0 Santa Maria, San Luis Obispo, CA 93405
      View Details
    • $1,599,000
      1,600 SF

      Downtown SLO Historical Office Property

      Historical downtown San Luis Obispo office property with potential residential expansion.
      1334 Chorro St, San Luis Obispo, CA 93401
      View Details
    • $369,900
      1,275 SF

      San Luis Obispo Commercial Space

      Commercial condo with outdoor space in San Luis Obispo, CA.
      2475 Victoria Avenue, San Luis Obispo, CA 93401
      View Details
    • $1,395,000
      1,930 SF

      San Luis Obispo Triplex Investment

      Income-producing triplex near downtown San Luis Obispo with strong rental income.
      1719 Chorro 1721, San Luis Obispo, CA 93401
      View Details

    FAQs

    What type of property is this?
    Commercial land - Improved commercial parcels in a high-growth San Luis Obispo location.
    Where is this commercial land located?
    The property is located at 250 Tank Farm Road San Luis Obispo, CA.
    What are key features of this property?
    This property features: Located in San Luis Obispo, one of California's top 10 fastest‑growing counties.; Flexible Service Commercial (CS) zoning allows for diverse applications.; Strategic location on Tank Farm Road, a key east/west transportation corridor.
    (805) 898-4365 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nolan Tooley
    Nolan Tooley
    Real Estate License ID: CA 02127359
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    250 Tank Farm Road, San Luis Obispo, CA 93401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!