1730 Railroad St Oceano, CA 93445
- Warehouses
- 18,537 SF
- 1.24 lot acres
Current Use by Public Records
- Oceano Ice Co / Produce Wholesaler
- A Casas Farms / Farm
Property Details for 1730 Railroad St
- Year built
- 1933
- Construction
- WOOD
- Lot size
- 1.24 lot acres
- Property size
- 18,537 SF
- Zone code
- IND
- Property type
- Warehouses
- APN
- 061-131-004
- APU
- 61131004
Description
This exceptional commercial property in Oceano, CA, presents a unique investment opportunity. Situated on two legal parcels encompassing 2.66 acres, the property boasts seven buildings totaling 22,607 square feet of versatile space. The buildings, varying in age, offer a blend of warehouse and office areas, catering to a wide range of business needs. Currently, the property enjoys dual occupancy, with Oceana Ice utilizing a portion of the space, demonstrating existing income potential. The owner also occupies a portion of the buildings, highlighting the flexibility and adaptability of the layout. This dual occupancy structure offers significant potential for increased rental income through leasing the currently owner-occupied space. The substantial size of the property, combined with its diverse building configurations, makes it ideal for a variety of commercial ventures. The 2.66-acre lot provides ample space for expansion, parking, or outdoor storage. Located at 1730 Railroad Street, this property benefits from a convenient location in Oceano, offering easy access to transportation routes and local amenities. This is a rare opportunity to acquire a substantial commercial property with immediate income potential and significant upside. The property's size, versatility, and location make it an attractive investment for both established businesses and savvy investors seeking a strong return. The existing tenant provides a stable income stream, while the vacant space offers the potential for significant rental income growth.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $510,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $740,000
- 6.5%
- $670,000
- 7%
- $740,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $650,000
- Geo Method
- $670,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $660,000
- Retail
- $615,000
- Mixed-Use
- $690,000
- Hospitality
- $750,000
- Educational
- $605,000
- Residential Income
- $800,000
- Energy
- $745,000
- Income-Based Land
- $775,000
- Food Service
- $745,000
Location Insight
- Map
- Local Demand
- City
- Oceano
- County
- San Luis Obispo
- State
- California
- Longitude
- -120.617
- Latitude
- 35.1005
- CBSA code
- 42020
- CBSA name
- SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA