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    4110 Horizon Ln San Luis Obispo, CA 93401-7521
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    Property profile & analytics

    4110 Horizon Ln, San Luis Obispo, CA 93401-7521

    View on Map
    • Warehouses
    • 8,750 SF
    • 0.60 lot acres
    Off-Market
    Last Sale May 17, 2024
    $1,900,000
    Property ID
    US09-2013995
    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
    $1,900,000
    Show details
    Cap Rate Potential
    5.2%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Rietkerk Heating & Air Conditioning / Hardware & Home Improvement / HVAC Service
    • Aim High Custom Shirts / Clothing Store
    • M.C. Etter Painting / Painting Service / General Contractor
    • Ink Spot Printing / (Bike/Boat/Book/etc) Store / Printing Service
    • Wilson Composite Technology, LLC / Industrial Manufacturer / Production Facility

    Property Details for 4110 Horizon Ln

    Year built
    1986
    Construction
    TILT-UP CONCRETE
    Lot size
    0.60 lot acres
    Zone code
    M
    Property type
    Warehouses
    APN
    053-258-020
    APU
    53258020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 17, 2024 $1,900,000 Horizon Industrial LLC David L Street Grant Deed $425k · James H Kroll Trust

    Description

    This exceptional industrial property, situated at 4110 Horizon Lane Suite A in San Luis Obispo County, offers a versatile warehouse space ideal for various businesses. The single-story building, constructed in 1978, boasts a total of 8,750 square feet, divided into six suites. This particular suite offers 1,250 to 2,000 contiguous square feet, perfect for smaller operations or expansion. Features include one convenient drive-in roll-up door, providing easy access for loading and unloading, along with a rear storage yard accessible via double doors. The space also includes two offices and one bathroom, enhancing functionality and providing dedicated work areas. The suite benefits from a 3-phase electrical subpanel, catering to businesses with high power demands. Ample parking is provided with four dedicated spaces. The property is conveniently located near the end of Horizon Lane, off Suburban Road, offering easy access to Highway 101, ensuring efficient transportation and logistics. The 0.6-acre lot is zoned for manufacturing, providing flexibility for a range of industrial uses. The building is classified as Class C and features a total of 18 parking spaces across all suites. This is a rare opportunity to secure a well-maintained and strategically located industrial space in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,900,000
      ML approach
      $1,900,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,655,000
      6.5%
      $1,525,000
      7%
      $1,420,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,675,000
      Current use
      RETAIL STORES
      $2,925,000
      Change: +75% Conversion: Moderate

    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
    -120.666
    Latitude
    35.2421
    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
    $4,956
    $146,221
    $302,220
    $448,441
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      871 SF

      3547 Higuera St Ste C

      WAREHOUSE, STORAGE
      3547 Higuera St Ste C, San Luis Obispo, CA 93401-7361
      View Details
    • Value Estimation
      $6,065,000
      40,200 SF

      3600 Higuera St

      MINI-WAREHOUSE, STORAGE
      3600 Higuera St, San Luis Obispo, CA 93401-7306
      View Details
    • Value Estimation
      $2,615,000
      18,669 SF

      140 Hind Ln

      WAREHOUSE, STORAGE
      140 Hind Ln, San Luis Obispo, CA 93401-7400
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    • Value Estimation
      $1,470,000
      8,567 SF

      1160 Laurel Ln

      WAREHOUSE, STORAGE
      1160 Laurel Ln, San Luis Obispo, CA 93401-5823
      View Details

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    • $15,000,000
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      Winery Production Facility in Edna Valley

      Turnkey winery with high-capacity production and expansion potential.
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    Similar Nearby for Lease

    • $1.25 SF/Yr
      7,250 SF

      San Luis Obispo Warehouse and Office

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      189 Granada Dr, San Luis Obispo, CA 93401
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      4,000 SF

      San Luis Obispo Warehouse For Rent

      4,000 SF warehouse with office and parking available for rent.
      111 Suburban Rd, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      Warehouse Space with Showroom/Office

      Class A warehouse with showroom and office space for lease.
      178 Suburban Rd, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      San Luis Obispo Flex Space

      8,600 SF flex space with fenced yard near Highway 101.
      183 Prado Rd, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing
      10,674 SF

      San Luis Obispo Warehouse Space

      Industrial warehouse space available for lease in San Luis Obispo.
      254 Granada Dr, San Luis Obispo, CA 93401
      View Details
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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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