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Financial
Distress signals
Property profile

1902 Creston Rd Paso Robles, CA 93446

FOR LEASE
Turn key restaurants
Property ID
US09-3688535
2,694 SF 0.06 ac lot Built 1985
Last sale Aug 1997 · $360,000
Trust Owned Owner of record is a trust. 14-yr Hold Held for 14 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A stand-alone commercial building configured for hospitality and food-and-beverage uses, with approximately 3,300 square feet of indoor space and an additional dedicated patio of about 445 square feet. The interior layout is described as versatile for concepts such as a restaurant, café, tasting room, or hospitality operation, with guest seating suitable for both everyday service and special occasions. The building is situated on a corner pad, providing street-facing presence and convenient…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$10k
Tax billed · 2024
Assessed value$923k
Assessed land$306k
Assessed improvement$617k
Effective rate1.11%

Value estimate

· Oct 2026
$390k
$351k – $429k
AI approach$375k
NOI build-up
Gross scheduled income$66k
Vacancy & credit loss−$3k
Operating expenses−$16k
NOI · 2,360,900.00% cap applied$47k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$503/SF
County average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$258 – $853

Cap rate analysis

How does the asset earn?
2,360,900.00%
$47k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CP
C. Neighborhood Commercial Zoning District (CP) Purpose. The Neighborhood Commercial Zoning District provides locations for convenience s...
General categoryCOMMERCIAL
JurisdictionSAN LUIS OBISPO

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm18.4
Realty agency15.8
Hair Salon15.2

Location

1902 Creston Rd Paso Robles, CA 93446
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1144 Black Oak, Paso Robles, CA 93446-1319 $775,000 Nov 2024 3,190 SF
1501 Riverside, Paso Robles, CA 93446-1745 $850,000 Aug 2024 2,400 SF
1339 Riverside, Paso Robles, CA 93446-2643 $850,000 Aug 2024 3,069 SF
2525 Riverside, Paso Robles, CA 93446-1339 $1,220,000 Jun 2024 3,040 SF
2405 Riverside, Paso Robles, CA 93446-1338 $2,204,500 Jun 2023 2,703 SF
1140 Pne, Paso Robles, CA 93446-2521 $1,800,000 May 2023 2,500 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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