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    46 & Golden Hl Rd Paso Robles, CA 93446
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    46 & Golden Hl Rd, Paso Robles, CA 93446

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    • Neighborhood centers
    • 290,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 46 & Golden Hl Rd

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Golden Hills Plaza Shopping Center, located at Hwy 46 & Golden Hill Rd in Paso Robles, CA 93446, presents a prime retail investment opportunity. This established strip center boasts a total of 290,000 square feet and features a strong tenant mix, including national anchors Lowe's and TJ Maxx. Currently, there are three available spaces ranging from 1,283 to 25,000 contiguous square feet, totaling 63,889 square feet of vacant space. The center benefits from its high-traffic location on State Highway 46, ensuring excellent visibility and accessibility for businesses. Existing tenants include a diverse range of retailers and restaurants, such as Verizon, UPS Store, America's Tire, Leslie's Swimming Pool Supplies, Starbucks, Sonic, Subway, and Off The 46 Mexican Bar & Grill. This presents a unique chance to establish or expand your business within a thriving retail environment, supported by strong anchor tenants and a proven track record of success. The property is situated in San Luis Obispo County and offers a variety of space options to suit different business needs. The minimum divisible space is 1,283 square feet, providing flexibility for smaller businesses, while larger spaces are available for expansion or multi-tenant occupancy. This is an exceptional opportunity to capitalize on the robust retail market in Paso Robles.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Paso Robles
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.658
    Latitude
    35.6445

    Comparable in this City

    • Value Estimation by Request
      243,846 SF

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      46 & Golden Hl Rd, Paso Robles, CA 93446
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    • Value Estimation
      $1,405,000
      12,492 SF

      845 Spg St

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      7,280 SF

      573 12th St

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      0.96 Acres

      701 6th St

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation
      $600,000
      11,224 SF

      Niblick Rd

      SHOPPING CENTER, STRIP CENTER
      Niblick Rd, Paso Robles, CA 93446
      View Details
    • Value Estimation by Request
      0.32 Acres

      2050 Spg St

      SHOPPING CENTER, STRIP CENTER
      2050 Spg St, Paso Robles, CA 93446-1656
      View Details

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      Retail Space in Paso Robles

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      2425 Golden Hill Rd, Paso Robles, CA 93446
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      Retail Space in Paso Robles

      Retail space available in a shopping center with anchor tenants.
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      Retail Space in Woodland Plaza

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    Paso Robles, CA 93446
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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.

    More about this property
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