Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    4500 San Palo Rd Atascadero, CA 93422-2482

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4500 San Palo Rd Atascadero, CA 93422-2482

    View on Map
    • Drive through restaurants
    • 2,856 SF
    • 0.96 lot acres
    Off-Market
    Last Sale Dec 14, 2021
    $1,750,000
    Property ID
    US09-2662204
    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
    $1,915,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sonic Drive-In / Restaurant / Take-out & Catering

    Property Details for 4500 San Palo Rd

    Year built
    1999
    Construction
    WOOD
    Lot size
    0.96 lot acres
    Property size
    2,856 SF
    Zone code
    CT
    Property type
    Drive through restaurants
    APN
    049-225-011
    APU
    49225011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,010,000
      ML approach
      $2,025,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,033,000
      Market price range: $738k - $2.44M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,435,000
      Current use
      AUTO REPAIR, GARAGE
      $1,305,000
      Change: -9% Conversion: Difficult
      MEDICAL BUILDING
      $1,175,000
      Change: -18% 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
    -120.683
    Latitude
    35.4958
    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
    $23,700
    $832,320
    $988,380
    $1,820,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      991 SF

      8075 El Camino Real

      DRIVE-THRU RESTAURANT, FAST FOOD • 991 SF
      8075 El Camino Real, Atascadero, CA 93422-5211
      View Details
    • Value Estimation by Request
      1,482 SF

      6000 San Anselmo Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,482 SF
      6000 San Anselmo Rd, Atascadero, CA 93422-2431
      View Details
    • Value Estimation
      $720,000
      2,522 SF

      El Camino Real

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,522 SF
      El Camino Real, Atascadero, CA 93422
      View Details
    • Value Estimation
      $1,605,000
      1,893 SF

      6435 Morro Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,893 SF
      6435 Morro Rd, Atascadero, CA 93422-4167
      View Details
    • Value Estimation by Request
      0.83 Acres

      9000 Frnt Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.83 Acres
      9000 Frnt Rd, Atascadero, CA 93422-5403
      View Details
    • Value Estimation by Request
      753 SF

      7835 El Camino Real

      DRIVE-THRU RESTAURANT, FAST FOOD • 753 SF
      7835 El Camino Real, Atascadero, CA 93422-4675
      View Details

    Similar Nearby for Sale

    • $1,950,000
      Pending

      Atascadero Commercial Building For Sale

      Well-maintained 9,640 SF commercial building with long-term tenant.
      5145 Traffic Way, Atascadero, CA 93422
      View Details
    • $495,000
      1,900 SF

      Atascadero Commercial Property For Sale

      Commercial property with ample parking and desirable features in Atascadero.
      7623 Morro Rd, Atascadero, CA 93422
      View Details
    • $950,000
      1,700 SF

      Atascadero Retail Space - Prime Location

      Restaurant Building, Fully Equipped, Turnkey Operation
      8501 El Camino Real, Atascadero, CA 93422
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Colony Square

      Retail leasing opportunity in downtown Atascadero's Colony Square.
      6917 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

      Office/Warehouse Retail Auto Service Space

      Office/warehouse space suitable for retail auto service/repair.
      7475 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
      12.0k
    • Avg Time on site
      16 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4500 San Palo Rd
    Atascadero, CA 93422-2482
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!