Three-Unit Flex
986 Quintana, Morro Bay, CA 93442
For Sale
New
$1,375,000
Three occupied spaces feature individual roll-up doors, built-in mezzanines, and three-phase power.
Property Size5,067 SF
Days on Market2
Property Features for 986 Quintana
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Highway Access
Road Access
Fenced Yard
Utilities to Site
Tenancy & Operations
Tenant in Place
Real Estate Included
Additional Details
Three-Phase Power
Amenities
roll-up door
high ceilings
three-phase power
built-in mezzanines
fenced parking lot with rolling gate
Building Details
Building Size
Year Built
Buildings
Tenancy
Listed By:
Jason Linker
(805) 440-3177
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:28PM
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 Jason Linker
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Investment Insights
Based on property information with market context.
This flex property at 986 Quintana Road contains three rentable spaces, each with a roll-up door and a built-in mezzanine. High ceilings and three-phase power support a functional multi-space configuration. The building was constructed in 1974.
The property fronts Highway 1 in Morro Bay and includes a fenced parking area with a rolling gate. Three long-term tenants currently occupy the spaces under month-to-month contracts.
The property fronts Highway 1 in Morro Bay and includes a fenced parking area with a rolling gate. Three long-term tenants currently occupy the spaces under month-to-month contracts.
Key Highlights
- Three rentable spaces, each with a roll‑up door and built‑in mezzanine
- High ceilings and three‑phase power
- Highway 1 frontage in Morro Bay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,835
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,256,700
$1.3M
Cap Rate 7%
$897,643
$897.6K
Cap Rate 9%
$698,167
$698.2K
Market Conditions
NOI Build-Up for 5,067 SF
Gross rent
$101.5K $20.04/SF
− Vacancy
−$4.9K −$0.96/SF
EGI
$96.7K $19.08/SF
− OpEx
−$33.8K −$6.68/SF
NOI
$62.8K $12.40/SF
Area
San Luis Obispo County, CA
Vacancy
4.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,256,700
Cap Rate 7%
$897,643
Cap Rate 9%
$698,167
Alternative Uses
Best Use
Flex RnD
$897.6K
$785.4K – $1.05M
NOI $62,835 @ 7.0% cap · market cap 4.57%
Second Best
Industrial
$735.0K
$643.1K – $857.5K
NOI $51,448 @ 7.0% cap · market cap 3.74%
Theoretical Best
Healthcare Medical
$1.99M
$1.74M – $2.32M
NOI $139,494 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93442, CA
11,390
Population
6,537
Households
1.7
Avg Household Size
54
Median Age
45%
College-Educated
93%
High-School Grad
44.5 sq mi
ZIP Area
256
Density / Sq Mi
$92,163
Median Household Income
$50,651
Median Earnings
$1,815
Median Rent
$870,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Three occupied spaces feature individual roll-up doors, built-in mezzanines, and three-phase power.
Where is this flex space located?
The property is located at 986 Quintana Morro Bay, CA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Three rentable spaces, each with a roll‑up door and built‑in mezzanine; High ceilings and three‑phase power; Highway 1 frontage in Morro Bay
