Grover Beach Industrial
967 Huber St, Grover Beach, CA 93433
For Sale
$695,000
Pending
Unique industrial workspace in Grover Beach's 'Green Zone'.
Property Size2,168 SF
Lot Size0.11 Acres
Days on Market245
Property Features for 967 Huber St
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Year Built
Units
Listing Agency:
Modern Broker, Inc.
Listed By:
David Hubbell · License #01786294
(805) 598-9291
Source:
Elliman
Added: Mar 10
Changed: Aug 17
Last Checked: Aug 14 at 6:03AM
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 Modern Broker, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-of-a-kind industrial workspace is located in Grover Beach's "Green Zone" Cannabis Business District. The property features an established licensed commercial kitchen space, making it suitable as a Type N infusion facility and/or Type 6 Manufacturing facility. Its central location also makes it suitable for a Type 11 Distribution facility for distribution throughout California. The commercial kitchen space could also function as a commissary, catering company, ghost kitchen, food truck or food delivery company, co-op, bakery, or other consumable related manufacturing or processing operation. The commercial building offers approximately 2100 sq ft of workspace and three-phase electrical meters for heavy manufacturing, potentially accommodating multiple operators or tenants. The main floor includes a large built-in smokehouse, multiple walk-in refrigeration/freezer units, a three-compartment sink and wash area, and wall-to-wall floor drains for easy cleanup. The second floor provides an office space with a bathroom and shower, along with ample storage spaces throughout.
Key Highlights
- Located in the "Green Zone" Cannabis Business District, ideal for Type N infusion and/or Type 6 Manufacturing facility.
- Established Licensed Commercial Kitchen space.
- Suitable for Type 11 Distribution facility with central location for California distribution.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,048
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,960
$601.0K
Cap Rate 7%
$429,257
$429.3K
Cap Rate 9%
$333,867
$333.9K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$42.1K $20.04/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$40.1K $19.08/SF
− OpEx
−$10.0K −$4.77/SF
NOI
$30.0K $14.31/SF
Area
San Luis Obispo County, CA
Vacancy
4.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,960
Cap Rate 7%
$429,257
Cap Rate 9%
$333,867
Alternative Uses
Best Use
Specialty Retail
$429.3K
$375.6K – $500.8K
NOI $30,048 @ 7.0% cap · market cap 4.32%
Second Best
Industrial
$304.6K
$266.5K – $355.4K
NOI $21,322 @ 7.0% cap · market cap 3.07%
Theoretical Best
Healthcare Medical
$825.9K
$722.7K – $963.6K
NOI $57,813 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
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Business Placement
Demographics for 93433, CA
12,643
Population
5,757
Households
2.2
Avg Household Size
42
Median Age
27%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
5,747
Density / Sq Mi
$82,534
Median Household Income
$39,412
Median Earnings
$1,921
Median Rent
$691,900
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Unique industrial workspace in Grover Beach's 'Green Zone'.
Where is this manufacturing property located?
The property is located at 967 Huber St Grover Beach, CA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Located in the "Green Zone" Cannabis Business District, ideal for Type N infusion and/or Type 6 Manufacturing facility.; Established Licensed Commercial Kitchen space.; Suitable for Type 11 Distribution facility with central location for California distribution.
