Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2115 Willow Rd Arroyo Grande, CA 93420-5854
    Back to Search
    Property profile & analytics

    2115 Willow Rd, Arroyo Grande, CA 93420-5854

    View on Map
    • Warehouses
    • 12,000 SF
    • 1.86 lot acres
    Off-Market
    Property ID
    US09-0921770
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,730,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2115 Willow Rd

    Year built
    1988
    Lot size
    1.86 lot acres
    Zone code
    IND
    Property type
    Warehouses
    APN
    091-195-003
    APU
    91195003

    Description

    This exceptional industrial property, located at 2115 Willow Rd in Arroyo Grande, CA 93420, offers a 2,275 square foot warehouse suite ideal for various business needs. Situated on a 1.86-acre lot, this single-story, 1988-built building features a convenient roll-up door for easy loading and unloading. The suite includes a small office and bathroom, providing a functional workspace. The property boasts 100 amp, 3-phase power, ensuring sufficient energy for most industrial operations. Its zoning is classified as "I" (Industrial), and the APN is 091195003. The property enjoys excellent accessibility due to its location near Willow Road and Highway 1. While this listing focuses on the 2,275 square foot suite (Suite B1), two additional suites were previously available, one measuring 1,500 square feet (Suite B2) and another 1,500 square foot suite (Suite C) which is now leased. The lease rate is $1.50 per square foot, per month, NNN. This property presents a fantastic opportunity for businesses seeking a well-located, functional industrial space in San Luis Obispo County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,270,000
      6.5%
      $2,095,000
      7%
      $1,945,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,864,000
      Market price range: $1.55M - $3.41M
      AI Estimate
      $1,236,000
      Market price range: $409k - $2.77M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,295,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Arroyo Grande
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.573
    Latitude
    35.0458
    CBSA code
    42020
    CBSA name
    SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $20,653
    $874,915
    $1,093,645
    $1,968,560
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,490,000
      15,560 SF

      501 Grand Ave

      MINI-WAREHOUSE, STORAGE
      501 Grand Ave, Arroyo Grande, CA 93420-6615
      View Details
    • Value Estimation
      $2,050,000
      22,220 SF

      Linda Dr

      WAREHOUSE, STORAGE
      Linda Dr, Arroyo Grande, CA 93420
      View Details
    • Value Estimation
      $2,140,000
      21,006 SF

      2442 Willow Rd

      WAREHOUSE, STORAGE
      2442 Willow Rd, Arroyo Grande, CA 93420-5732
      View Details
    • Value Estimation
      $1,905,000
      17,980 SF

      Brisco Rd

      WAREHOUSE, STORAGE
      Brisco Rd, Arroyo Grande, CA 93420
      View Details
    • Value Estimation
      $1,050,000
      0.50 Acres

      1304 Poplar St

      MINI-WAREHOUSE, STORAGE
      1304 Poplar St, Arroyo Grande, CA 93420-3018
      View Details
    • Value Estimation
      $1,640,000
      2,090 SF

      1166 Grand Ave

      MINI-WAREHOUSE, STORAGE
      1166 Grand Ave, Arroyo Grande, CA 93420-2583
      View Details

    Similar Nearby for Sale

    • $6,250,000

      Paso Robles Leased Investment Property

      NNN leased to Farm Supply with a new 10-year term.
      2450 Ramada Dr, Templeton, CA 93420
      View Details
    • $1,600,000
      Pending

      Commercial Property Near Major Intersection

      Commercial property near a busy intersection in Arroyo Grande.
      1165-1167 East Grand Ave, Arroyo Grande, CA 93420
      View Details
    • $699,000
      1,751 SF

      Arroyo Grande Commercial Sale Opportunity

      Versatile space suitable for medical or professional office uses.
      1577 El Camino Real, Arroyo Grande, CA 93420
      View Details
    • $650,000

      Land For Sale

      Land available for purchase.
      160 San Antonio Ln, Nipomo, CA 93420
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Dominant Power Center For Lease

      Southern San Luis Obispo County's dominant power center with national tenants.
      1168 W Branch St, Arroyo Grande, CA 93420
      View Details
    • Contact for pricing
      2,179 SF

      Restaurant Space on Grand Avenue

      Restaurant sublease opportunity in Arroyo Grande's Five-Cities district.
      1540 E Grand Ave, Arroyo Grande, CA 93420
      View Details
    • Contact for pricing
      24,000 SF

      Retail Space in Arroyo Grande

      Retail space with high visibility and traffic in Arroyo Grande.
      1132 W Branch St, Arroyo Grande, CA 93420
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Arroyo Grande

      Retail space available for lease in Arroyo Grande, CA.
      2790 S Halcyon Rd, Arroyo Grande, CA 93420
      View Details
    • Contact for pricing
      16,320 SF

      Freestanding Retail Building For Lease

      16,320 SF retail building in high-traffic Arroyo Grande location.
      Arroyo Ave, Arroyo Grande, CA 93420
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2115 Willow Rd
    Arroyo Grande, CA 93420-5854
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2115 Willow Rd, Arroyo Grande, CA, 93420
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!