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    265 South St San Luis Obispo, CA 93401
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    Property profile & analytics

    265 South St, San Luis Obispo, CA 93401

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    • Industrial properties
    • 18,964 SF
    • 1.16 lot acres
    For Lease
    $1.98 SF/Yr
    View Listing →
    San Luis Obispo Office Space For Lease
    $1.98 SF/Yr
    1,690 SF

    San Luis Obispo Office Space

    Office space available for rent in San Luis Obispo, CA.

    265 South St, San Luis Obispo, CA
    View Listing
    Property ID
    US09-2042909
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Melody Group / Crisis Center / Medical Clinic
    • Festival Mozaic / Charitable Organization / Social Service Agency
    • Mc Millan Study Guides / Corporate Office
    • Landmark Co / Real Estate Agency
    • iKizmet / Internet Marketing Service / Business To Business Service

    Property Details for 265 South St

    Year built
    1985
    Construction
    WOOD
    Lot size
    1.16 lot acres
    Zone code
    CS
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    004-811-025
    APU
    4811025

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 30, 2024 — Westwinds Business Park LLC — Deed · related $5M · Community Bank Of Santa Maria
    Aug 5, 2004 — Westwinds Business Park LLC French Brothers Investments Ll Grant Deed · related —
    — — Westwinds Business Park LLC — Deed Of Trust · related $5M · Symetra Life Insurance Co
    — — Brothers French — Deed Of Trust · related $91k · Individual
    — — French Brothers Investments — Deed Of Trust · related $608k · Individual
    — — Westwinds Business Park LLC — Deed Of Trust · related $5M · California Bank & Trust
    — — French Brothers Investments — Deed Of Trust · related $200k · First Bank San Luis Obispo

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,605,000
      6.5%
      $3,325,000
      7%
      $3,090,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,537,000
      Market price range: $2.22M - $6.85M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.667
    Latitude
    35.2689
    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
    $26,940
    $551,911
    $1,885,756
    $2,437,667
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.40 Acres

      712 Fiero Ln

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      712 Fiero Ln, San Luis Obispo, CA 93401-8938
      View Details
    • Value Estimation
      $605,000
      2,520 SF

      3241 Higuera St

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      3241 Higuera St, San Luis Obispo, CA 93401-6924
      View Details
    • Value Estimation
      $510,000
      3,400 SF

      3641 Sacramento Dr Ste, Unit 16

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      3641 Sacramento Dr Ste, San Luis Obispo, CA 93401-7194
      View Details
    • Value Estimation by Request
      1,225 SF

      265 Prado Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      265 Prado Rd, San Luis Obispo, CA 93401-7312
      View Details
    • Value Estimation
      $510,000
      3,400 SF

      3661 Sacramento Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      3661 Sacramento Dr, San Luis Obispo, CA 93401-7170
      View Details
    • Value Estimation
      $510,000
      3,400 SF

      3661 Sacramento Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      3661 Sacramento Dr, San Luis Obispo, CA 93401-7170
      View Details

    Similar Nearby for Sale

    • $1,395,000
      Pending

      Mixed-Use Commercial Property Near Courthouse

      Mixed-use commercial property with flexible office space and on-site parking.
      1022 Mill St, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      34,427 SF

      San Luis Obispo Leased Investment

      34,427 SF commercial property in active commercial corridor.
      855 Aerovista Pl, San Luis Obispo, CA 93401
      View Details
    • $1,150,000
      5,000 SF

      Downtown San Luis Obispo Investment

      Commercial property in downtown San Luis Obispo with investment potential.
      283 Higuera St, San Luis Obispo, CA 93401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,480 SF

      Industrial Space Available For Rent

      Industrial property with 1309 square feet available for rent.
      3536 S Higuera St, San Luis Obispo, CA 93401
      View Details
    • $1.20 SF/Yr
      9,000 SF

      Industrial Building Near Highway 101

      Industrial building with dock and ground level loading near Highway 101.
      149 Granada Dr, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      Downtown Industrial Space with Yard

      Industrial and office space with fenced and covered yard.
      267 Pismo St, San Luis Obispo, CA 93401
      View Details
    View Listing
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    San Luis Obispo, CA 93401
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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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    265 South St, San Luis Obispo, CA, 93401
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