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    Open-Air Marketplace Retail Space Title is generated by Realmo AI

    0 Froom Ranch Way, San Luis Obispo, CA 93401

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    Commercial Lease - San Luis Obispo, CA

    Property size:
    33,500 SF
    Added:
    Feb 4, 2021
    Days on Market:
    1947
    Last Refresh:
    Jun 5 at 12:06 am

    Property Features for 0 Froom Ranch Way

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    053153001
    Size
    33,500 SF

    Building Details

    Year built
    2023
    Architectural style
    Other

    We can help!

    Listing Contact
    Jason Hart
    Jason Hart

    Listing agent Jason Hart License #01334694

    Listing office Hart Commercial Real Estate 524 East Branch Street, Grover Beach, CA

    Listing date Feb 4, 2021

    MLS# PI21023961 Listing URL

    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.

    HighLights

    • New construction development built in 2023
    • Commercial marketplace at San Luis Ranch on Highway 101 with easy access for nearby residents and travelers
    • Permanent farmers market‑style market at the forefront of the Farm & Marketplace
    • Farm & Marketplace includes nearly 40 acres of working farm with community garden plots and seasonal activities
    • Farm‑to‑table marketplace includes a brew house, restaurants, and retail shopping
    • Available commercial units range from 960 to 1,190 SF

    Overview

    SLO Ranch Farms and Marketplace offers for-lease commercial space within a permanent farmers market-style environment, supported by a brew house, restaurants, and retail shopping. The concept is designed around an open-air layout with large barn-style or roll-up doors that help create indoor-outdoor spaces. A central plaza includes permanent outdoor seating, fire pits, and a stage intended for events and public gatherings.

    The property is part of San Luis Ranch and is described as being strategically located on Highway 101 in San Luis Obispo, with access for nearby residents, the surrounding community, and travelers. Nearly 40 acres of working farm are attached to the Farm & Marketplace and include community garden plots and interactive seasonal farming activities such as pumpkin patches, hayrides, and berry picking.

    Units available range from 960 to 1,190 square feet, providing flexible options for restaurant and retail concepts seeking a destination-style setting tied to farm-to-table programming and ongoing public events. The marketplace’s mix of dining, retail, and agrarian experience is positioned to support businesses that benefit from an active, pedestrian-focused environment.
    Location Intelligence

    Current Use by Public Records

    Breweries

    Map

    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.677334
    Latitude
    35.256204

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    FAQs

    What type of property is this?
    Farm - Leasing opportunities within an open-air farm and retail marketplace anchored by dining, a brew house, and working farm activity.
    Where is this farm located?
    The property is located at 0 Froom Ranch Way San Luis Obispo, CA.
    What are key features of this property?
    This property features: New construction development built in 2023; Commercial marketplace at San Luis Ranch on Highway 101 with easy access for nearby residents and travelers; Permanent farmers market‑style market at the forefront of the Farm & Marketplace
    (805) 481-9010
    We can help!
    Listing Contact
    Jason Hart
    Jason Hart
    Real Estate License ID: 01334694
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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