Industrial Condo with Fenced
For Sale
$425,000
B-4785 Traffic Way, Atascadero, CA 93422
Industrial condo includes warehouse area, roll-up door access, 3-phase power, and a fenced yard with slab.
Property Size1,500 SF
Price / SF$283.33
Days on Market100
Property Features for B-4785 Traffic Way
General Information
Standard status
Active
Size
1,500 SF
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Drive-In Doors
1
Heavy Power
Yes
Listing Agency:
Max Zappas, Broker
(805) 674-4743
Listed By:
Nichole Harris · License #02150984
(805) 792-7369
Source:
Exprealty
Added: Jul 14
Changed: Oct 10
Last Checked: Oct 20 at 10:00PM
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 Max Zappas, Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 1,500± SF industrial condo unit offers warehouse space with roll-up door access, along with 3-phase power. A fenced yard with a concrete slab and covered workspace adds practical outdoor utility, providing approximately 2,700± SF of combined indoor and outdoor functional area. Showings are by appointment only; please do not disturb occupants.
Located in one of Atascadero’s commercial complexes, the property has convenient access to Highway 101 for connectivity across the Central Coast and greater North County market. The sale includes a seller leaseback, providing the potential for immediate income following close of escrow.
Located in one of Atascadero’s commercial complexes, the property has convenient access to Highway 101 for connectivity across the Central Coast and greater North County market. The sale includes a seller leaseback, providing the potential for immediate income following close of escrow.
Key Highlights
- ~1,500 SF industrial condo with warehouse space and roll‑up door access
- 3‑phase power and functional layout designed for industrial use
- Fenced yard with concrete slab plus covered workspace for indoor/outdoor operations (~2,700 SF combined)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,601
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,020
$372.0K
Cap Rate 7%
$265,729
$265.7K
Cap Rate 9%
$206,678
$206.7K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$30.1K $20.04/SF
− Vacancy
−$1.4K −$0.96/SF
EGI
$28.6K $19.08/SF
− OpEx
−$10.0K −$6.68/SF
NOI
$18.6K $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%
$372,020
Cap Rate 7%
$265,729
Cap Rate 9%
$206,678
Alternative Uses
Best Use
Flex RnD
$265.7K
$232.5K – $310.0K
NOI $18,601 @ 7.0% cap · market cap 4.38%
Second Best
Warehouse
$243.1K
$212.7K – $283.6K
NOI $17,014 @ 7.0% cap · market cap 4.00%
Theoretical Best
Healthcare Medical
$589.9K
$516.2K – $688.3K
NOI $41,295 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Atascadero RV Storage — 4990 Traffic Way, Atascadero, CA 93422
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial condo includes warehouse area, roll-up door access, 3-phase power, and a fenced yard with slab.
Where is this warehouse located?
The property is located at B-4785 Traffic Way Atascadero, CA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: ~1,500 SF industrial condo with warehouse space and roll‑up door access; 3‑phase power and functional layout designed for industrial use; Fenced yard with concrete slab plus covered workspace for indoor/outdoor operations (~2,700 SF combined)
