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    4381 El Camino Real Atascadero, CA 93422-2580
    Property profile & analytics

    4381 El Camino Real, Atascadero, CA 93422-2580

    View on Map
    • Grocery and convenience stores
    • 2,433 SF
    • 0.66 lot acres
    Off-Market
    Last Sale Feb 3, 2025
    Property ID
    US09-2248331
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Cardtronics ATM / Atm
    • Circle K / Grocery & Convenience Store

    Property Details for 4381 El Camino Real

    Year built
    1976
    Construction
    TILT-UP CONCRETE
    Lot size
    0.66 lot acres
    Zone code
    CR
    Property type
    Grocery and convenience stores
    APN
    029-262-036
    APU
    29262036

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 3, 2025 — Mark Robert Maier Mark Maier Deed · related —
    Feb 21, 2023 — George W Mater George Maier Intrafamily Transfer · related —
    Jul 15, 2022 — 5353 75 Olmeda LLC — Deed · related $1.9M · Pacific Premier Bank
    Jul 11, 2022 — James Maier Charles Maier Intrafamily Transfer · related —
    Oct 25, 2018 — Cereghino,jon J Trust Cereghino,jon J Quit Claim Deed · related —
    Mar 17, 2017 — Jon J Cereghino Cereghino J M & K V Trust Quit Claim Deed · related —
    Mar 9, 2017 — Jon J Cereghino Cereghino,kathryn V Affidavit Of Death · related —
    Dec 28, 2010 — Kathryn V Cereghino Cereghino,jerry M Affidavit Of Death · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Atascadero
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.682
    Latitude
    35.4985
    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
    $7,765
    $370,771
    $223,877
    $594,648
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $845,000
      4,438 SF

      9590 El Camino Real

      CONVENIENCE STORE (W/FUEL PUMP)
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    • Value Estimation by Request
      3,540 SF

      9990 El Camino Real

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      9990 El Camino Real, Atascadero, CA 93422-5573
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    • Value Estimation
      $11,495,000
      49,652 SF

      7135 El Camino Real

      GROCERY, SUPERMARKET
      7135 El Camino Real, Atascadero, CA 93422-4525
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    • Value Estimation by Request
      0.45 Acres

      8000 El Camino Real

      CONVENIENCE STORE (W/FUEL PUMP)
      8000 El Camino Real, Atascadero, CA 93422-5212
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    • Value Estimation
      $3,200,000
      2,600 SF

      8000 Morro Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      8000 Morro Rd, Atascadero, CA 93422-3928
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    • Value Estimation by Request
      1,500 SF

      5145 El Camino Real

      CONVENIENCE STORE (W/FUEL PUMP)
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    Similar Nearby for Sale

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      1,900 SF

      Atascadero Commercial Property For Sale

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    • $1,950,000
      Pending

      Atascadero Commercial Building For Sale

      Well-maintained 9,640 SF commercial building with long-term tenant.
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      3,900 SF

      Restaurant/Retail/Office Opportunity

      Versatile commercial space suitable for restaurant, retail, or office use.
      6910 El Camino Real, Atascadero, CA 93422
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    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      New Retail Development Under Construction

      New retail and flex spaces available, anchored by Valley Fresh.
      El Camino Real & Del Rio Rd, Atascadero, CA 93422
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    • 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
    • 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
      17,340 SF

      Retail Space in El Camino Real

      Stand-alone retail building with drive-through in shopping center.
      7055 El Camino Real, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Retail Space with Large Parking

      Commercial space available for rent with ample parking.
      8115 El Camino Real, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Retail Space in Del Rio Market

      Retail spaces for lease in North Atascadero, available Fall 2024.
      1745 El Camino Real 1A, Atascadero, CA 93422
      View Details

    Property Visit Statistics

    • Visits by month
      10.9k
    • Visitors by month
      9.3k
    • Avg Time on site
      6 min
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    Atascadero, CA 93422-2580
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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.

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