Technical
Financial
Distress signals
Property profile

3991 S Higuera St San Luis Obispo, CA 93401

FOR LEASE
Super regional malls
Property ID
US09-1994297
4,500 SF 0.42 ac lot Built 2004
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A retail property, located at 3991 S Higuera St, San Luis Obispo, CA 93401, offers a prominent corner location within a two-grocery anchored shopping center. Boasting excellent visibility from Higuera Street, a major thoroughfare leading to and from downtown San Luis Obispo, this freestanding building provides unparalleled access to a high volume of traffic. The 4,500 square foot building, constructed in 2004, is currently divided into two separate spaces: approximately 2,800 square feet and 1,700 square feet. Each space includes its own set of ADA-compliant restrooms, offering convenience and accessibility for tenants and customers. The property is highly versatile, allowing for either individual occupancy of the existing spaces or a combined lease of the entire 4,500 square feet. Previously occupied by a bank, this space presents a unique opportunity for a variety of retail businesses seeking a high-profile location in a thriving San Luis Obispo County market. The minimum leasable space is 1,700 square feet, making it ideal for businesses of various sizes. This property is situated in a well-established shopping center, ensuring high foot traffic and strong visibility. The cross street is Suburban St, further enhancing its accessibility and prominence.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2004
Construction TILT-UP CONCRETE
Total area 4,500 SF
Lot 0.42 ac (18,295 SF)
Zoning code CC
APN 053-257-001
UPID US09-1994297

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bank Loan Service
  • Atm Bank

Location

3991 S Higuera St San Luis Obispo, CA 93401
San Luis Obispo metro Census 11505 SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.04M

Owner & transaction history

since 2023
Last sale
$2.3M
6 recorded transactions
2023
$2.3M
2009
Price N/A
2006
Price N/A
2004
Price N/A
2004
Price N/A
2002
Price N/A

Zoning & alternative use

CC · San Luis Obispo, CA
Top alternative use upside
Auto repair, garage $1.6M +365.8%

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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