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Property profile & analytics
OFF-MARKET Estimated value $905,000
Retail space

618 12th St Paso Robles, CA 93446-2203

2,300 SF 0.07 ac lot Built 1958
Individually Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US10-2428638
Property summary
AI-generated overview

This 2,300 square foot storefront, located at 618 12th Street in Paso Robles, California, presents a unique investment opportunity. Situated on a 3,150 square foot lot just steps from City Park, this property boasts a highly desirable downtown location. The building, constructed in 1958, features floor-to-ceiling windows showcasing its prime frontage on 12th Street, attracting pedestrian traffic. Inside, you'll find updated flooring, modern track lighting, and an open floor plan ideal for a variety of retail uses. Ample storage is provided by two storage rooms in the rear, along with a convenient break room. A covered carport offers two parking spaces, with potential for expansion by removing existing storage sheds, plus an additional uncovered space. The property is zoned TC1 (Town Center), and a second APN is included in the sale, offering potential for future expansion or redevelopment. Buyer is responsible for verifying all zoning and expansion possibilities with the City of Paso Robles. Currently vacant, this turn-key property is priced at $1,600,000 ($695.65 per square foot) and is ready for immediate occupancy. The property's features include a modern open floor plan, updated flooring, and ample storage. The building's location and zoning provide significant potential for growth and expansion.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1958
Construction TILT-UP CONCRETE
Total area 2,300 SF
Lot 0.07 ac (3,150 SF)
Zoning code TC1
APN 009-093-055
UPID US10-2428638
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$940k
CAP Approach CAP
$575k
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$905k
Owner & transaction history
Douglas P Beckett · 5 yrs held
Douglas P Beckett
since 2021
Last sale
$850,000
2 recorded transactions
2021
Price N/A
2020
$850,000
Zoning & alternative use
TC1 · Paso Robles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.1M +41.0%
Commercial (general) $970,000 +29.8%
Medical building $945,000 +26.7%
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