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    Wisteria And Engine Paso Robles Ca Paso Robles, CA 93446
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    Wisteria And Engine Paso Robles Ca, Paso Robles, CA 93446

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    • Warehouses
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    • Warehouses

    Property Details for 0 Wisteria And Engine Paso Robles Ca

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 21.54-acre master-planned industrial development in Paso Robles, California, presents a unique investment opportunity. The fully entitled project comprises 12 lots and 7 buildings, totaling 421,130 square feet of Class A warehouse space. All necessary on-site and off-site improvements are complete, ensuring immediate development readiness. Strategically located within a prestigious business park, the property boasts unparalleled access to major highways (Highway 101 and 46), providing a significant competitive advantage. Prominent corporate neighbors include Justin Winery, IQMS, MGE Underground, and Beta USA, underscoring the area's strong business environment. The site's location within Paso Robles' Tech Corridor offers fiber optic service and proximity to the Paso Robles Airport. This development is zoned PM and offers the flexibility to construct a single large facility or multiple buildings, allowing for future expansion. Given the severely limited supply of comparable properties in this submarket, this offering represents an unparalleled chance to secure a substantial industrial footprint on the Central Coast. The asking price for this exceptional property is $8,300,000. The property is located at Wisteria and Engine, Paso Robles, CA 93446, in San Luis Obispo County.

    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
    -120.655
    Latitude
    35.6369

    Comparable in this City

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      Ardmore Rd

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    Similar Nearby for Sale

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      124,144 SF

      Paso Robles Distribution Warehouse

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      52,096 SF

      Paso Robles Freestanding Building

      Freestanding building with dock high and ground level doors.
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      23,017 SF

      Paso Robles Manufacturing/Warehouse Facility

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    • $1,950,000
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      Development-Ready Winery Site in Paso Robles

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      Paso Robles Commercial Facility

      Mixed-use commercial facility with ramp access at Paso Robles Airport.
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      21,300 SF

      Paso Robles Freestanding Building

      Freestanding building with dock high and ground level doors.
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      Paso Robles Freestanding Building

      Freestanding building with dock high and grade level loading doors.
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      40,156 SF

      Temperature Controlled Warehouse For Sublease

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      Paso Robles Freestanding Building

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      SE Of Engine St And Wisteria Ln, Paso Robles, CA 93446
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      1,330,356 SF

      Large Development Site on Central Coast

      Development site featuring dock high doors and ample parking.
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      124,144 SF

      Paso Robles Industrial Space Available

      Industrial campus with build-to-suit opportunities in Paso Robles, CA.
      Paso Cmns, 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.

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