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Property profile & analytics
OFF-MARKET Estimated value $3,895,000
Strip malls

1800 Grand Ave Grover Beach, CA 93433-5223

26,316 SF 1.33 ac lot Built 1997
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US09-1812018
Property summary
AI-generated overview

Gateway Plaza, a 23,959 square foot retail and office property in San Luis Obispo County, presents a unique investment opportunity. This multi-tenant building, constructed in 1997, boasts a highly visible corner location at the intersection of East Grand Avenue and South Oak Park Boulevard. Currently, 14,304 square feet of space is available, divisible into units ranging from 1,500 to 5,700 contiguous square feet. The property features a total of ten suites, offering flexibility for various business needs. With ample parking for 80 vehicles, Gateway Plaza provides convenient access for customers and employees. Its strategic location on a busy thoroughfare ensures high traffic counts, attracting potential tenants. The property sits adjacent to Grand Plaza (1600-1608 W. Grand Ave), another property available for sale, offering potential for synergistic ownership. The expansive 57,935 square foot lot provides ample space and enhances the property's overall appeal. This prime location and flexible space make Gateway Plaza an ideal investment for discerning buyers seeking a high-visibility commercial property in a thriving market. The property's existing infrastructure and convenient parking further enhance its desirability.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1997
Construction WOOD
Total area 26,316 SF
Lot 1.33 ac (57,934 SF)
Zoning code CPC
APN 060-309-010
UPID US09-1812018
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
$4.34M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.90M
Owner & transaction history
Khushal Investment LLC · 5 yrs held
Khushal Investment LLC
since 2020
Last sale
$3.6M
5 recorded transactions
2025
Price N/A
2020
$3.6M
2016
Price N/A
2012
Price N/A
2005
Price N/A
Zoning & alternative use
CPC · Grover Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Development Code (December 2025
Top alternative use upside
Auto repair, garage $5.5M +404.1%
Restaurant $5.0M +356.0%
Medical building $4.3M +288.7%
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