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Property profile & analytics
FOR LEASE
Super regional malls

3991 S Higuera St San Luis Obispo, CA 93401

4,500 SF 0.42 ac lot Built 2004
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US09-1994297
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • U.S. Bank Branch Bank Loan Service
  • U.S. Bank ATM - San Luis Obispo Atm Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.33M
Owner & transaction history
Cobb Hauber Higuera1 LLC · 2 yrs held
Cobb Hauber Higuera1 LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.6M +365.8%
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More about this property
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