Licensed Commercial
For Sale
$695,000
Pending
967 Huber Street, Grover Beach, CA 93433
Commercial Sale, Grover Beach, CA
Property Size2,100 SF
Days on Market2171
Property Features for 967 Huber Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial/Comm Cannabis
Directions
From N 4th St Turn left onto Farroll Road, Turn Right onto Huber Street
Subdivision
GRVC - Grover Beach
Standard status
Pending
APN
060547024
Amenities
commercial kitchen space
smokehouse
walk-in refrigeration/freezer units
three-compartment sink and wash area
wall-to-wall floor drains
office space
bathroom and shower
storage spaces
three phase electrical meters
Building Details
Year built
1989
Listing Agency:
Modern Broker-Pismo Beach
(805) 773-4130
Listed By:
David Hubbell · License #01786294
(805) 598-9291
Added: Sep 11, 2020
Changed: Aug 20
Last Checked: Aug 21 at 9:06PM
MLS# PI20190190
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial kitchen property in Grover Beach includes approximately 2100 sq ft of workspace within a building constructed in 1989. The production area features a built-in smokehouse, multiple walk-in refrigeration and freezer units, a three-compartment sink, wash facilities, and floor drains across the work area. Three-phase electrical meters support heavy manufacturing operations.
The upper level adds an office, bathroom with shower, and storage areas. Zoning is identified as Industrial/Comm Cannabis, and the property is located within the Green Zone Cannabis Business District. The existing improvements are suited to commercial food preparation, catering, commissary operations, bakery production, consumable manufacturing, and related processing uses, subject to applicable regulatory requirements. The property is located at 967 Huber Street in Grover Beach, California.
The upper level adds an office, bathroom with shower, and storage areas. Zoning is identified as Industrial/Comm Cannabis, and the property is located within the Green Zone Cannabis Business District. The existing improvements are suited to commercial food preparation, catering, commissary operations, bakery production, consumable manufacturing, and related processing uses, subject to applicable regulatory requirements. The property is located at 967 Huber Street in Grover Beach, California.
Key Highlights
- Approximately 2100 sq ft of commercial kitchen workspace
- Three‑phase electrical meters for heavy manufacturing
- Built‑in smokehouse and multiple walk‑in refrigeration/freezer units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,048
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Flex RnD
$372.0K
$325.5K – $434.0K
NOI $26,042 @ 7.0% cap · market cap 3.75%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
476
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?
Commercial kitchen - Industrial-zoned workspace combines food-production infrastructure with refrigeration, sanitation, and office improvements.
Where is this commercial kitchen 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: Approximately 2100 sq ft of commercial kitchen workspace; Three‑phase electrical meters for heavy manufacturing; Built‑in smokehouse and multiple walk‑in refrigeration/freezer units
