Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Paso Robles Shopping Center Space Title is generated by Realmo AI

    Niblick Road, Paso Robles, CA 93446

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces in high-traffic shopping center with major anchors.

    Type:Retail
    Property size:
    53,987 SF
    Added:
    Nov 26, 2025
    Days on Market:
    173
    Last Refresh:
    Apr 5 at 9:29 pm

    Property Features for Niblick Road

    General Information

    Standard status
    Active
    Size
    53,987 SF
    Property subtype
    Retail

    Spaces For Lease

    at Niblick Road Contact us

    We can help!

    Listing Contact
    Jeff Allen
    Jeff Allen

    Listing agent Jeff Allen License #CalDRE #01313074

    Listing office Lee & Associates | San Luis Obispo

    Listing date Nov 26, 2025

    Source Lee-associates

    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 Lee & Associates | San Luis Obispo

    HighLights

    • Anchored by a top‑performing Albertsons in California.
    • High consumer traffic: Albertsons and Walmart bring in 350,000 visitors per month.
    • Woodland Plaza II generates 4.3 million annual visits.
    • Woodland Plaza I generates 2.9 million annual visits.
    • Convenient access from Highway 101.
    • Located in Paso Robles, midway between Los Angeles and San Francisco.

    Overview

    Woodland Plaza Shopping Center, situated in Paso Robles, California, is positioned midway between Los Angeles and San Francisco in San Luis Obispo County, within the Central Coast region. The property consists of Woodland Plaza I and II, which generate substantial consumer traffic. Anchored by Albertsons and Walmart, the shopping center attracts approximately 350,000 visitors monthly. Woodland Plaza I records 2.9 million annual visits and is anchored by a high-performing Albertsons. The average dwell time at Woodland Plaza I is 20 minutes. Woodland Plaza II experiences 4.3 million annual visits, with an average dwell time of 29 minutes. The River Walk Terrace, a senior housing development with 79 units, is located in Woodland Plaza II. The property offers convenient access from Highway 101. The property size is 53987 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — Albertsons, 189 Niblick Road, Paso Robles, CA 93447
    • California DMV Now Kiosk — 189 Niblick Rd, Paso Robles, CA 93446
    • Woodland Plaza — 179 Niblick Rd, Paso Robles, CA 93446

    Map

    City
    Paso Robles
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.689
    Latitude
    35.6152

    Nearby Similar for Lease

    • Contact for pricing
      4,928 SF

      Modern Industrial Suites Near Highways

      Versatile industrial suites near Highways 101 & 46 for rent.
      2758 Danley Ct, El Paso de Robles (Paso Robles), CA 93446
      View Details
    • $0.70 SF/Yr
      2,520 SF

      Paso Robles Retail Space Available

      Retail space in a large shopping center on Highway 101.
      2051 Theatre Dr, Paso Robles, CA
      View Details
    • $0.70 SF/Yr
      5,979 SF

      Paso Robles Retail Space

      Retail space in a 297,991 square foot shopping center.
      2001 Theatre Dr, Paso Robles, CA
      View Details
    • $2.00 SF/Yr
      2 SF

      Downtown Paso Robles Office Building

      Office building in Paso Robles' downtown district, suitable for professional/medical uses.
      1030 Vine St | Paso Robles, CA 93446, CA 93446
      View Details
    • Contact for pricing
      212,414 SF

      Retail Space in Woodland Plaza

      Retail space available in a regional shopping center.
      Niblick Rd., Paso Robles, CA 93446
      View Details
    • $1.25 SF/Yr
      40,156 SF

      Temperature Controlled Warehouse For Sublease

      40,156 SF insulated warehouse with loading docks and office.
      4309 Second Wind Way, Paso Robles, CA
      View Details
    • Contact for pricing
      25,000 SF

      Retail Space in Paso Robles

      Retail space available in a shopping center with anchor tenants.
      2421-2445 Golden Hill Rd, Paso Robles, CA
      View Details
    • Contact for pricing
      3,317 SF

      Retail Space in Paso Robles

      Retail space available in shopping center with anchor tenants.
      2425 Golden Hill Rd, Paso Robles, CA
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space in Paso Robles

      Retail space available within a shopping center anchored by Lowe’s.
      2421 Golden Hill Rd, Paso Robles, CA
      View Details
    • Contact for pricing
      3,790 SF

      Paso Robles Industrial Warehouse

      Versatile 3,790 SF warehouse space in Paso Robles industrial corridor.
      2758 Danley Ct B, El Paso de Robles (Paso Robles), CA 93446
      View Details
    • $1.49 SF/Yr

      Renovated Flex/Industrial Property For Rent

      Renovated flex/industrial space with Highway 101 access.
      1101 Paso Robles St, Paso Robles, CA 93446
      View Details
    • Contact for pricing
      935 SF

      Retail Space in Woodland Plaza

      Retail space available in high-traffic Woodland Plaza shopping center.
      169-183 Niblick Rd, Paso Robles, CA
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces in high-traffic shopping center with major anchors.
    Where is this shopping center located?
    The property is located at Niblick Road Paso Robles, CA.
    What are key features of this property?
    This property features: Anchored by a top‑performing Albertsons in California.; High consumer traffic: Albertsons and Walmart bring in 350,000 visitors per month.; Woodland Plaza II generates 4.3 million annual visits.
    (805) 801-7676
    We can help!
    Listing Contact
    Jeff Allen
    Jeff Allen
    Real Estate License ID: CalDRE #01313074
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Niblick Road, Paso Robles, CA 93446
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!