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Property profile & analytics
OFF-MARKET Estimated value $14,100,000
Community centers

150 Mary Ave Nipomo, CA 93444-7820

7,708 SF 0.64 ac lot Built 2008
Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-3821875
Property summary
AI-generated overview

This exceptional 1,510 square foot single-story retail/office suite is perfectly situated at 150 Mary Avenue, Suite 3, and presents a fantastic opportunity for a variety of businesses. The space boasts a highly desirable turn-key condition, meaning it's ready for immediate occupancy. The layout features an open floor plan, providing flexibility for various configurations, complemented by a convenient back room and a private restroom. Its strategic location offers unparalleled accessibility, being just one block from the Highway 101 and Tefft Street off-ramps, ensuring high visibility and convenient access for customers and employees. The property is part of an attractive, newer commercial center, surrounded by a thriving mix of established businesses including Starbucks, Wells Fargo, Vons, CVS, and Miner's Ace Hardware, creating a strong synergy and high foot traffic. The CR zoning allows for a wide range of uses, including retail, office, and medical practices, making this space incredibly versatile and adaptable to diverse business needs. This is a rare opportunity to secure a prime location in a bustling commercial area.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 2008
Construction WOOD
Total area 7,708 SF
Lot 0.64 ac (27,878 SF)
Zoning code CR
APN 092-576-016
UPID US09-3821875
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
Current use
Occupant on record · Public records
  • Nipomo Optometry Physician
  • Coastal Hand and Occupational Therapy Physician
  • Ben Palmer, OD Physician
  • Beck & Cale Physical Therapy and Coastal Hand & Occupational Therapy Medical Clinic
  • Donald Cale Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.65M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$14.10M
Owner & transaction history
Domingos G Ribeiro · 6 yrs held
Domingos G Ribeiro
since 2020
Last sale
$14.8M
1 recorded transaction
2020
$14.8M
Zoning & alternative use
CR · Nipomo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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