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    Property profile & analytics

    2450 Golden Hill Rd Paso Robles, CA 93446

    • Commercial real estate
    • 11.88 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3283967
    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

    • Commercial real estate

    Property Details for 2450 Golden Hill Rd

    Lot size
    11.88 lot acres
    Property type
    Commercial real estate
    APN
    025-366-030

    Description

    This exceptional 11.88-acre parcel, located at 2450 Golden Hill Rd, Paso Robles, CA 93446 (APN 025-366-030), presents a lucrative opportunity for multifamily development. Currently zoned R3, the City of Paso Robles is open to considering an increase to R4 zoning, allowing for a higher density of luxury apartment units. The property's strategic location offers unparalleled access to key amenities and attractions. Situated off busy Highway 46, it enjoys close proximity to renowned wineries such as Robert Hall Winery, Vina Robles Amphitheatre & Winery, and EOS Winery. Additional nearby attractions include Wine Country RV, Ravine Water Park, various shopping centers, the California Mid-State Fairgrounds, and Cuesta College North Campus. Dedicated easements ensure convenient ingress and egress from the adjacent parcel. The asking price for this Class A property is $4,000,000. This represents a unique chance to capitalize on the thriving Paso Robles market and create a high-value residential development. The property's size and zoning potential make it ideal for a substantial multifamily project. Contact us today to explore this remarkable investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Paso Robles
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.655444
    Latitude
    35.635061

    Comparable in this City

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      Paso Robles Agricultural Land

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      Land For Sale

      Land available for sale.
      Nacimiento Lk Dr, Paso Robles, CA 93446
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      Commercial Lots in Business District

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    Similar Nearby for Sale

    • $925,000
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      Charming Paso Robles Duplex

      Westside investment property near downtown Paso Robles with two units.
      309 15Th St, Paso Robles, CA 93446
      View Details
    • $439,000

      Paso Robles Multifamily Property

      Multifamily property for sale in Paso Robles, California.
      11011 S Shore Dr, Paso Robles, CA 93446
      View Details
    • $4,350,000
      79.50 Acres

      Paso Robles Vineyard Estate

      80-Acre Vineyard, Three Homes
      9480 Chimney Rock Rd, Paso Robles, CA 93446
      View Details
    • $5,300,000
      253.00 Acres

      Paso Robles Agricultural Land

      Prime 253-acre farm, two homes
      13625 Ca-46, Paso Robles, CA 93446
      View Details
    • $575,000

      Land For Sale

      Land available for sale.
      Nacimiento Lk Dr, Paso Robles, CA 93446
      View Details
    • $1,400,000

      Commercial Lots in Business District

      Vacant commercial lots in a strong business district.
      El Paso de Robles Germaine Way, Paso Robles, CA 93446
      View Details

    Similar Nearby for Lease

    • $2,250 /Mo

      Land For Rent Paso Robles

      Land available for rent in Paso Robles, California.
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      Prime Paso Robles Office Space

      Class A Office Suites Available Now
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      290,000 SF

      Golden Hills Plaza Retail Center

      Paso Robles Shopping Center - High Traffic Location
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      Industrial Space in Paso Robles

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      Paso Robles Retail Space

      Retail space in a 297,991 square foot shopping center.
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      40,156 SF

      Temperature Controlled Warehouse For Sublease

      40,156 SF insulated warehouse with loading docks and office.
      4309 Second Wind Way, Paso Robles, CA 93446
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    2450 Golden Hill Rd
    Paso Robles, CA 93446
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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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