Technical
Financial
Distress signals
Property profile

2930 Union Rd Paso Robles, CA 93446

FOR SALE
Investment properties
Property ID
US09-5686653
1,232 SF 10.19 ac lot Built 1975
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10.747-acre property, located at 2930 Union Rd, Paso Robles, CA 93446 (APN 025-362-043), presents a unique investment opportunity. Currently zoned for Commercial/Light Industrial use, this land offers significant potential for various development projects. The asking price is $4,600,000, translating to a land value of $10 per square foot. The property's advantageous location provides easy access to Highway 46 East, placing it within a high-traffic area, boosting visibility and accessibility. The site includes an existing residence and outbuildings, offering flexibility for immediate use or future redevelopment. This parcel presents a compelling opportunity for businesses seeking a strategic location in a thriving area. Furthermore, the possibility exists to combine this parcel with a neighboring property, allowing for even larger-scale development projects. This versatile land offers a blend of existing structures and prime development potential, making it an attractive investment in the dynamic Paso Robles market. Serious inquiries are encouraged to explore the full potential of this exceptional property.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1975
Construction WOOD
Total area 1,232 SF
Lot 10.19 ac (443,876 SF)
Zoning code C3
APN 025-362-049
UPID US09-5686653

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2930 Union Rd Paso Robles, CA 93446
Paso Robles metro Census 10207 SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.65M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.18M

Owner & transaction history

since 2023
Last sale
$3.7M
7 recorded transactions
2023
$3.7M
2021
Price N/A
2019
Price N/A
2019
$3.4M
2019
Price N/A
2019
Price N/A
2009
Price N/A

Zoning & alternative use

C3 · Paso Robles, CA
Zoning description

Encourages a mix of commercial, residential, and compatible uses in a unified development pattern

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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