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Property profile & analytics
FOR SALE
Commercial land

120 Niblick Rd Paso Robles, CA 93446

11,224 SF 4.1 ac lot Built 2006
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-5315051
Property summary
AI-generated overview

This exceptional 33,770-square-foot vacant storefront, located at 120 Niblick Rd, Paso Robles, CA 93446, presents a unique investment opportunity. The property, a former JCPenney, boasts a Class B designation and sits on a substantial 4.59-acre lot (APN: 009-814-014). Built in 1998, this single-story building is zoned RC-Regional Commercial, offering significant flexibility for redevelopment or repurposing. The property is offered fee simple and is suitable for a 1031 exchange. Its strategic location provides high visibility and accessibility, shadow-anchored by a Walmart, creating a strong regional draw and high barriers to entry for competitors. The entire 33,770 square feet is currently vacant and is potentially demiseable into two units, providing options for multiple tenants or expansion. This presents a rare chance to acquire a large-scale retail space in a thriving Paso Robles market within San Luis Obispo County. The property's size and location make it an attractive proposition for a variety of retail uses.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 2006
Construction WOOD FRAME
Total area 11,224 SF
Lot 4.1 ac (178,563 SF)
Zoning code RC
APN 009-814-052
UPID US09-5315051
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.73M
CAP Approach CAP
$1.97M
Comparable Approach Comparable
$2.36M
Blend (final) Blend
$1.71M
Owner & transaction history
River Walk Terrace LP · 3 yrs held
River Walk Terrace LP
since 2023
Last sale
$1.6M
6 recorded transactions
2025
Price N/A
2024
Price N/A
2023
$1.6M
2023
Price N/A
2021
Price N/A
2020
Price N/A
Zoning & alternative use
RC · Paso Robles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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