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    Property profile & analytics

    230 Sta Way Ste F Arroyo Grande, CA 93420-3383

    • Investment properties
    • 9,108 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimations
    $1,890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-3245279
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 230 Sta Way Ste F

    Year built
    2000
    Construction
    WOOD
    Lot size
    1.10 lot acres
    Property size
    9,108 SF
    Zone code
    VMU
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    007-482-029
    APU
    7482029

    Description

    This exceptional office property, Village Creek Promenade, located at 230 Station Way in Arroyo Grande, CA 93420, offers two available suites ranging from 1,748 to 1,920 square feet. Situated within a vibrant mixed-use building, this property boasts a prime location adjacent to the East Village and provides convenient access to US 101. The building itself totals 19,154 square feet and is comprised of two stories. The property features 59 parking spaces, and is zoned VMU (Village Mixed Use) under APN 007-482-024 in San Luis Obispo County. While one suite is currently configured for medical use, it offers adaptable space suitable for traditional office use as well. The building enjoys a diverse tenant mix, including medical, office, financial services, and residential occupants, creating a dynamic and thriving environment. This presents a unique opportunity for businesses seeking flexible and well-located office space in a thriving community. The property is easily accessible and benefits from high visibility due to its location within the heavily trafficked Village Creek Promenade. No elevators are present in the building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,730,000
      6.5%
      $1,595,000
      7%
      $1,485,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,304,000
      Market price range: $2.14M - $6.46M
      AI Estimate
      $1,771,000
      Market price range: $1.77M - $3.43M

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

    Location Insight

    • Map
    • Local Demand
    City
    Arroyo Grande
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.579
    Latitude
    35.1202
    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
    $18,940
    $414,826
    $1,380,142
    $1,794,968
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $965,000
      3,918 SF

      518 Br St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,918 SF
      518 Br St, Arroyo Grande, CA 93420
      View Details
    • Value Estimation by Request
      1,226 SF

      142 Short St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,226 SF
      142 Short St, Arroyo Grande, CA 93420-3355
      View Details
    • Value Estimation
      $525,000
      2,880 SF

      Arroyo Grande, CA 93420

      OFFICE/RESIDENTIAL (MIXED USE) • 2,880 SF
      Arroyo Grande, CA 93420
      View Details
    • Value Estimation by Request
      828 SF

      134 Mason St

      OFFICE/RESIDENTIAL (MIXED USE) • 828 SF
      134 Mason St, Arroyo Grande, CA 93420-3313
      View Details
    • Value Estimation by Request
      0.14 Acres

      138 Mason St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.14 Acres
      138 Mason St, Arroyo Grande, CA 93420-3313
      View Details
    • Value Estimation by Request
      0.09 Acres

      201 Nelson St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.09 Acres
      201 Nelson St, Arroyo Grande, CA 93420
      View Details

    Similar Nearby for Sale

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      Mixed-Use Property in Arroyo Grande

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      Arroyo Grande Office Space Available

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    • Contact for pricing
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    230 Sta Way Ste F
    Arroyo Grande, CA 93420-3383
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    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
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