Commercial Condo in Hawkins
For Sale
$899,000
9955 El Camino Real, Atascadero, CA 93422
Freestanding commercial condo in Atascadero's Hawkins Plaza for sale.
Property Size2,870 SF
Lot Size0.07 Acres
Days on Market211
Property Features for 9955 El Camino Real
General Information
Standard status
Active
Size
2,870 SF
Lot size
0.07 Acres
Property subtype
Commercial
Building Details
Building Size
2,870 SF
Year Built
1993
Listing Agency:
ACADEME REAL ESTATE
Listed By:
Linda Hamilton · License #01112747
(805) 461-9111
Source:
Elliman
Added: Mar 11
Changed: Sep 30
Last Checked: Oct 5 at 5:22PM
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 ACADEME REAL ESTATE
Investment Insights
Based on property information with market context.
A freestanding commercial condo building located in Hawkins Plaza in Atascadero is available. The building is currently leased to two businesses and features a permitted partition. The layout includes a front counter, two bathrooms, one of which has a shower, an office area, and two storerooms. The property benefits from natural light. The Plaza provides ample parking and has frontage on El Camino Real.
Key Highlights
- Freestanding commercial condo building.
- Leased to two businesses with permitted partition.
- Located in Hawkins Plaza with El Camino Real frontage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,625
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$932,500
$932.5K
Cap Rate 7%
$666,071
$666.1K
Cap Rate 9%
$518,056
$518.1K
Market Conditions
NOI Build-Up for 2,870 SF
Gross rent
$68.9K $24.00/SF
− Vacancy
−$2.3K −$0.79/SF
EGI
$66.6K $23.21/SF
− OpEx
−$20.0K −$6.96/SF
NOI
$46.6K $16.25/SF
Area
San Luis Obispo County, CA
Vacancy
3.30%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$932,500
Cap Rate 7%
$666,071
Cap Rate 9%
$518,056
Alternative Uses
Best Use
Retail
$666.1K
$582.8K – $777.1K
NOI $46,625 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.13M
$987.6K – $1.32M
NOI $79,011 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
51k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Home Improvements & Furnishings 27%
Dining 11%
Hotels & Casinos 2%
Marathon
Shops & Services
14,124 visits/mo
0.3 miles
Miner's Ace Hardware
Home Improvements & Furnishings
13,613 visits/mo
0.4 miles
Shell
Shops & Services
8,853 visits/mo
0.1 miles
Chevron
Shops & Services
5,842 visits/mo
0.2 miles
Mountain Mike's Pizza
Dining
5,581 visits/mo
0.5 miles
Demographics for 93422, CA
33,041
Population
13,702
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
68.8 sq mi
ZIP Area
480
Density / Sq Mi
$89,916
Median Household Income
$46,939
Median Earnings
$1,841
Median Rent
$692,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Novedades La Bella — 9965 El Camino Real SUITE E, Atascadero, CA 93422
- By Request — 9473 El Camino Real, Atascadero, CA 93422
- Jamie Jespersen's Flowers — 9479 El Camino Real, Atascadero, CA 93422
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding commercial condo in Atascadero's Hawkins Plaza for sale.
Where is this storefront property located?
The property is located at 9955 El Camino Real Atascadero, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Freestanding commercial condo building.; Leased to two businesses with permitted partition.; Located in Hawkins Plaza with El Camino Real frontage.
