Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    120 Niblick Rd Paso Robles, CA 93446

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime vacant storefront, ideal for owner-user. High barriers to entry, strong regional draw.

    Property size:
    33,770 SF

    Property Features for 120 Niblick Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    33,770 SF
    Class
    B
    Lot Size
    199,940 SF

    Building Details

    Year Built
    1998
    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    Suheil Sahouria
    Suheil Sahouria

    Listing Agency: The Trafton Group Listing Agent: Suheil Sahouria

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 33,770-square-foot vacant storefront, located at 120 Niblick Rd, Paso Robles, CA 93446, presents a unique investment opportunity. The property, a former JCPenney, boasts a Class B designation and sits on a substantial 4.59-acre lot (APN: 009-814-014). Built in 1998, this single-story building is zoned RC-Regional Commercial, offering significant flexibility for redevelopment or repurposing. The property is offered fee simple and is suitable for a 1031 exchange. Its strategic location provides high visibility and accessibility, shadow-anchored by a Walmart, creating a strong regional draw and high barriers to entry for competitors. The entire 33,770 square feet is currently vacant and is potentially demiseable into two units, providing options for multiple tenants or expansion. This presents a rare chance to acquire a large-scale retail space in a thriving Paso Robles market within San Luis Obispo County. The property's size and location make it an attractive proposition for a variety of retail uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Paso Robles
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6843183
    Latitude
    35.6124703

    Nearby Similar for Sale

    • $1,979,000
      4,123 SF

      Turnkey Restaurant & Bar Opportunity

      High-performing restaurant and bar with real estate and liquor license.
      2927 Spring St, Paso Robles, CA 93446
      View Details
    • $575,000
      1,078 SF

      Move-in Ready Office Suite

      Professional office suite in a desirable Paso Robles business district.
      1104 Vine St, Paso Robles, CA 93446
      View Details
    • $199,000
      Pending

      Lakeside RV Lot with Sprinter

      Turnkey lake retreat in Heritage Ranch community.
      2121 Yellow Gold Cir, Paso Robles, CA 93446
      View Details
    • $1,349,000
      10,450 SF

      Paso Robles Commercial Facility

      Mixed-use commercial facility with ramp access at Paso Robles Airport.
      3150 Propeller B & C Dr, Paso Robles, CA 93446
      View Details
    • $2,399,000
      5,000 SF

      Remodeled Apartment Building in Paso Robles

      Recently remodeled 10-unit apartment building in Paso Robles, CA.
      3505 Spring St, Paso Robles, CA 93446
      View Details
    • $300,000
      2,500 SF

      Turnkey Restaurant & Sports Bar

      Thriving restaurant and bar in the heart of Paso Robles.
      12th 729, Paso Robles, CA 93446
      View Details
    • $7,995,000
      28,531,800.00 Acres

      Paso Robles Vineyard Opportunity

      655 acre Paso Robles vineyard with planting potential.
      Adelaida Rd, Paso Robles, CA 93446
      View Details
    • $1,099,000
      1,290 SF

      Commercial/Residential Opportunity in Paso Robles

      Two neighboring parcels in downtown Paso Robles with commercial/residential potential.
      1545 Park St, Paso Robles, CA 93446
      View Details
    • $4,999,999
      1,500 SF

      Paso Robles Vineyard Estate

      47-acre vineyard estate with tasting room in Paso Robles.
      3000 Oakdale Rd, Paso Robles, CA 93446
      View Details
    • $2,000,000
      3,993,145.00 Acres

      Established Vineyard in Paso Robles

      91.6 acre vineyard property in the Willow Creek AVA.
      Peachy Canyon Rd, Paso Robles, CA 93446
      View Details
    • $695,000
      1,345 SF

      Downtown Paso Robles Office Building

      Charming office building in downtown Paso Robles with parking.
      1115 Vine St, Paso Robles, CA 93446
      View Details
    • $4,999,999
      2,047,320.00 Acres

      Paso Robles Vineyard Estate

      47-acre vineyard estate in Paso Robles' Willow Creek District.
      3000 Oakdale Rd, Paso Robles, CA 93446
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime vacant storefront, ideal for owner-user. High barriers to entry, strong regional draw.
    Where is this individual retail property located?
    The property is located at 120 Niblick Rd Paso Robles, CA.
    What are key features of this property?
    This property features: 33,770 SF vacant storefront in Paso Robles, CA.; Located on a 4.59-acre lot (APN: 009-814-014).; Former JCPenney, Class B building, built in 1998.
    (650) 685-1644 Call to check price and availability
    Request Owner's contact information
    120 Niblick Rd Paso Robles, CA 93446
    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.
    120 Niblick Rd
    Paso Robles, CA 93446
    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
    120 Niblick Rd Paso Robles, CA 93446
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Suheil Sahouria
    Suheil Sahouria
    Real Estate License ID: 01408008
    (650) 685-1644 (650) 333-5092 (650) 888-6792
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!