Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    860 Capitolio Way San Luis Obispo, CA 93401
    Property profile & analytics

    860 Capitolio Way, San Luis Obispo, CA 93401

    View on Map
    • Industrial properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • G & S Appliance Service, Inc. / Home Appliance Store

    Property Details for 860 Capitolio Way

    Property type
    Industrial properties
    Property subtype
    Manufacturing properties

    Description

    This 1,926 square foot industrial warehouse space, located at 860 Capitolio Way, Suite B, San Luis Obispo, CA 93401, is currently available. The property features a desirable layout including a roll-up door, storefront, reception area, office/storeroom, warehouse area, and restroom. The ceiling height is 13 feet, providing ample vertical space. The unit is situated in a convenient location off mid-Broad Street and benefits from three on-site parking spaces. The zoning is M-Manufacturing (APN: 053-062-032). This single-story building is ideal for service-oriented businesses or e-commerce operations. Please note that automotive or gym uses are not permitted. The property is ready for immediate occupancy. This is a multi-tenant building with 1,926 square feet currently vacant. Inquire today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.643
    Latitude
    35.2585

    Comparable in this City

    • Value Estimation by Request

      2945 Mcmillan Ave

      Manufacturing properties
      2945 Mcmillan Ave, San Luis Obispo, CA 93401
      View Details
    • Value Estimation
      $1,730,000
      12,640 SF

      795 Buckley Rd

      MANUFACTURING (LIGHT)
      795 Buckley Rd, San Luis Obispo, CA 93401-8189
      View Details
    • Value Estimation
      $2,665,000
      12,242 SF

      4175 Santa Fe Rd

      MANUFACTURING (LIGHT)
      4175 Santa Fe Rd, San Luis Obispo, CA 93401-8159
      View Details
    • Value Estimation by Request
      2.03 Acres

      4145 Santa Fe Rd

      MANUFACTURING (LIGHT)
      4145 Santa Fe Rd, San Luis Obispo, CA 93401-8103
      View Details
    • Value Estimation
      $1,730,000
      18,500 SF

      4145 Santa Fe Rd

      MANUFACTURING (LIGHT)
      4145 Santa Fe Rd, San Luis Obispo, CA 93401-8103
      View Details
    • Value Estimation
      $1,425,000
      6,000 SF

      200 Suburban Rd

      MANUFACTURING (LIGHT)
      200 Suburban Rd, San Luis Obispo, CA 93401-7505
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      34,427 SF

      San Luis Obispo Leased Investment

      34,427 SF commercial property in active commercial corridor.
      855 Aerovista Pl, San Luis Obispo, CA 93401
      View Details
    • $1,150,000
      5,000 SF

      Downtown San Luis Obispo Investment

      Commercial property in downtown San Luis Obispo with investment potential.
      283 Higuera St, San Luis Obispo, CA 93401
      View Details

    Similar Nearby for Lease

    • $1.20 SF/Yr
      9,000 SF

      Industrial Building Near Highway 101

      Industrial building with dock and ground level loading near Highway 101.
      149 Granada Dr, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      2,480 SF

      Industrial Space Available For Rent

      Industrial property with 1309 square feet available for rent.
      3536 S Higuera St, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      Downtown Industrial Space with Yard

      Industrial and office space with fenced and covered yard.
      267 Pismo St, San Luis Obispo, CA 93401
      View Details
    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.
    860 Capitolio Way
    San Luis Obispo, CA 93401
    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
    860 Capitolio Way, San Luis Obispo, CA, 93401
    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!