Grover Beach Industrial
For Sale
$695,000
Pending
967 Huber Street, Grover Beach, CA 93433
Unique industrial workspace in Grover Beach's 'Green Zone'.
Property Size2,168 SF
Lot Size0.11 Acres
Days on Market2147
Property Features for 967 Huber Street
General Information
Standard status
Pending
Size
2,168 SF
Lot size
0.11 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1989
Listing Agency:
Modern Broker-Pismo Beach
(805) 598-9291
Listed By:
David Hubbell · License #01786294
(805) 598-9291
Source:
Exitrealty
Added: Sep 17, 2020
Changed: Jul 10
Last Checked: Aug 3 at 5:41AM
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-Pismo Beach
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 is well-suited 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. 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. The property size is 2168 square feet.
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 various food‑related businesses.
- Approximately 2100 sq ft of workspace with three‑phase electrical meters for heavy manufacturing.
Financial Insights For Specialty Retail
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 | $43.4k | $20.04 |
| − Vacancy | −$2.1k | −$0.96 |
| EGI | $41.4k | $19.08 |
| − OpEx | −$10.3k | −$4.77 |
| NOI | $31.0k | $14.31 |
2,168 SF · lease $20.04/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$443.2K
$387.8K – $517.0K
NOI $31,021 @ 7.0% cap · market cap 4.46%
Second Best
Warehouse
$351.3K
$307.4K – $409.9K
NOI $24,591 @ 7.0% cap · market cap 3.54%
Theoretical Best
Healthcare Medical
$852.6K
$746.1K – $994.8K
NOI $59,685 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 Street 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 various food‑related businesses.; Approximately 2100 sq ft of workspace with three‑phase electrical meters for heavy manufacturing.
