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    3600 El Camino Real Atascadero, CA 93422-2554
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    Property profile & analytics

    3600 El Camino Real, Atascadero, CA 93422-2554

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    • Specialty properties
    • 5,850 SF
    • 1.08 lot acres
    Off-Market
    Property ID
    US09-1353988
    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
    $610,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Colony Inn / Hotel & Motel
    • Best Western Plus Colony Inn / Hotel & Motel

    Property Details for 3600 El Camino Real

    Year built
    1988
    Construction
    WOOD
    Lot size
    1.08 lot acres
    Zone code
    CR
    Property type
    Specialty properties
    APN
    049-211-058
    APU
    49211058

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 18, 2023 — Shivaay INC — Deed · related $12.3M · North Avenue Capital LLC
    Jul 13, 2022 $11,325,000 Shivaay INC Ap Hotel Group Grant Deed $12.3M · Veritex Community Bank
    May 16, 2019 $9,250,000 Ap Hotel Group LLC Central Coast Hotels LLC Grant Deed $7.2M · Pacific Premier Bank
    Jul 11, 2018 — Central Coast Hotels LLC — Grant Deed · related $4.4M · Travis Cu
    Jul 10, 2018 — Central Coast Hotels LLC — Grant Deed · related $3.1M · Mortgage Cap Dev
    Dec 5, 2017 — Central Coast Hotels LLC — Deed · related —
    Aug 31, 2017 $8,675,000 Central Coast Hotels LLC Atascadero Hotel LP Grant Deed $4.4M · Travis Cu
    Jul 27, 2017 — Atascadero Hotel LP Patel,paresh Quit Claim Deed —
    Feb 26, 2013 — Paresh Patel — Deed Of Trust · related $4.6M · Hanmi Bank
    Aug 31, 2007 — Prakash Patel Patel,sharmistha Quit Claim Deed · related $4.7M · Commonwealth Business Bank
    — — Paresh Patel — Deed Of Trust · related —
    — — Central Coast Hotels LLC — Loan Modification · related —
    — — Central Coast Hotels LLC — Deed Of Trust · related $3.1M · Mortgage Cap Dev
    — — Central Coast Hotels LLC — Deed Of Trust · related $4.4M · Travis Cu

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $748,000
      Market price range: $361k - $749k

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $525,000
      Current use
      MEDICAL BUILDING
      $1,000,000
      Change: +90% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Atascadero
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.687
    Latitude
    35.5006
    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
    $27,485
    $1,035,300
    $918,000
    $1,953,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,891 SF

      3450 El Camino Real

      FUNERAL HOME
      3450 El Camino Real, Atascadero, CA 93422-2550
      View Details
    • Value Estimation by Request

      1745 El Camino Real 1A

      Manufacturing properties
      1745 El Camino Real 1A, Atascadero, CA 93422
      View Details
    • Value Estimation by Request
      1.91 Acres

      1500 El Camino Real

      PROFESSIONAL CLUBS/ASSOCIATIONS
      1500 El Camino Real, Atascadero, CA 93422
      View Details
    • Value Estimation
      $570,000
      2,832 SF

      2300 Ramona Rd

      VETERINARY, ANIMAL HOSPITAL
      2300 Ramona Rd, Atascadero, CA 93422-1825
      View Details
    • Value Estimation by Request
      5,000 SF

      2607 Traffic Way

      PROFESSIONAL CLUBS/ASSOCIATIONS
      2607 Traffic Way, Atascadero, CA 93422-8505
      View Details
    • Value Estimation by Request
      1,959 SF

      5905 Ee Mall

      PROFESSIONAL CLUBS/ASSOCIATIONS
      5905 Ee Mall, Atascadero, CA 93422-4271
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Atascadero Commercial Property For Sale

      Commercial property available for purchase in Atascadero, California.
      1680 El Camino Real, Atascadero, CA 93422
      View Details
    • $999,000
      1,451 SF

      Remodeled Commercial Property on Main Road

      Versatile commercial property with high visibility and ample parking.
      8795 Morro Rd, Atascadero, CA 93422
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Del Rio

      Retail spaces available in contemporary complex, Fall 2024.
      1755 El Camino Real 1B, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Atascadero Office Space Available

      Upstairs office space with private offices and abundant parking.
      5805 Capistrano Ave E/F, Atascadero, CA 93422
      View Details
    • Contact for pricing
      3,172 SF

      Retail Space with Highway Visibility

      Retail space with visibility and easy highway access for rent.
      4180 El Camino Real, Atascadero, CA 93422
      View Details
    • Contact for pricing

      New Industrial Flex Space

      New construction industrial/flex space for lease in Atascadero.
      2440 El Camino Real, Atascadero, CA 93422
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space For Rent

      In-line retail space available for rent.
      8120-8280 El Camino Real, Atascadero, CA 93422
      View Details

    Property Visit Statistics

    • Visits by month
      0
    • Visitors by month
      0
    • Avg Time on site
      361 min
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    Atascadero, CA 93422-2554
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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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    3600 El Camino Real, Atascadero, CA, 93422
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