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    Property profile & analytics
    OFF-MARKET Estimated value $1,025,000
    Commercial land

    727 El Camino Real, Arroyo Grande, CA 93420-3239

    0.84 ac lot
    Entity Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-1548831
    Property summary
    AI-generated overview

    This exceptional commercial land parcel, located at 727 El Camino Real in Arroyo Grande, California (APN 006-151-027), presents a unique investment opportunity. The 24,667 square foot lot is priced at $48.61 per square foot, totaling $1,199,000. A pre-designed 22-unit boutique hotel is available, featuring a 5,954 square foot building. The pro-forma net operating income (NOI) is projected at $368,099, resulting in a compelling 9.80% capitalization rate. Situated in San Luis Obispo County, this property offers significant potential for developers seeking to capitalize on the thriving hospitality sector in Arroyo Grande, CA 93420. The site's convenient location and attractive design make it an ideal platform for a profitable hotel venture. Detailed plans for the proposed hotel are available upon request. This is a fee-simple land sale, offering complete ownership and control to the buyer. Don't miss this chance to acquire a prime piece of commercial real estate in a desirable California location.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.84 ac (36,590 SF)
    Zoning code GC
    APN 006-151-027
    UPID US09-1548831
    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
    $1.11M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.03M
    Owner & transaction history
    775 & 799 El Camino Real LLC · 5 yrs held
    775 & 799 El Camino Real LLC
    since 2021
    Last sale
    $950,000
    3 recorded transactions
    2021
    $950,000
    2012
    2006
    Zoning & alternative use
    GC · Arroyo Grande, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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