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

    7615 Morro Rd Atascadero, CA 93422-4433

    • Office Properties & Spaces
    • 834 SF
    • 0.02 lot acres
    OFF-MARKET
    Last Sale
    Mar 14, 2022
    $360,000
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    6.2%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US09-1340345
    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.

    Current Use by Public Records

    • Rocksteady Plumbing / Plumber / Contractor

    Property Details for 7615 Morro Rd

    Year built
    1992
    Construction
    WOOD
    Lot size
    0.02 lot acres
    Property size
    834 SF
    Zone code
    CP
    Property type
    Office Properties & Spaces
    APN
    031-162-001
    APU
    31162001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $270,000
      ML approach
      $310,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $275,000
      6.5%
      $255,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $263,000
      Market price range: $146k - $353k

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

    Location Insight

    • Map
    • Local Demand
    City
    Atascadero
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.667
    Latitude
    35.4763
    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
    $2,372
    $52,020
    $109,242
    $161,262
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $230,000
      624 SF

      7730 Morro Rd Ste, Unit 101

      CONDOMINIUM OFFICES • 624 SF
      7730 Morro Rd Ste, Atascadero, CA 93422-4414
      View Details
    • Value Estimation
      $240,000
      680 SF

      7730 Morro Rd Ste, Unit 103

      CONDOMINIUM OFFICES • 680 SF
      7730 Morro Rd Ste, Atascadero, CA 93422-4414
      View Details
    • Value Estimation
      $245,000
      695 SF

      5805 Capistrano Ave Ste D

      CONDOMINIUM OFFICES • 695 SF
      5805 Capistrano Ave Ste D, Atascadero, CA 93422-7218
      View Details
    • Value Estimation
      $260,000
      811 SF

      7635 El Camino Real

      CONDOMINIUM OFFICES • 811 SF
      7635 El Camino Real, Atascadero, CA 93422-7636
      View Details
    • Value Estimation by Request
      2,164 SF

      8920 Pueblo Ave

      Office Properties & Spaces • 2,164 SF
      8920 Pueblo Ave, Atascadero, CA 93422
      View Details
    • Value Estimation by Request
      6,450 SF

      9425 Principal Ave

      Office Properties & Spaces • 6,450 SF
      9425 Principal Ave, Atascadero, CA 93422
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,353 SF

      Atascadero Office Suite - Highway 101

      Modern office space, great location, ample parking.
      7840 Rd Unit 100, Atascadero, CA 93422
      View Details
    • $225,000
      810 SF

      Atascadero Office Space: Prime Location

      Upgraded corner office, high visibility, seller financing.
      7350 El Camino Real, Atascadero, CA 93422
      View Details
    • Contact for pricing
      775 SF

      Atascadero Office Space - 775 SF

      Prime Atascadero office, ideal for small business.
      5805 Ave Unit C, Atascadero, CA 93422
      View Details
    • Contact for pricing
      1,152 SF

      Atascadero Office Space - Morro Road

      Spacious Atascadero office, ample parking.
      7400 Rd Unit B, Atascadero, CA 93422
      View Details
    • $285,000

      Professional Office Space Available

      Well-maintained office unit with versatile floor plan and ample parking.
      7500 Morro Rd, Atascadero, CA 93422
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      3,082 SF

      Atascadero Office Building - Morro Rd

      Modern Office Space, High Visibility, Ample Parking
      7840 Morro Rd, Atascadero, CA 93422
      View Details
    • Contact for pricing
      48,960 SF

      Colony Square: Atascadero Retail Space

      Prime Atascadero retail, office, restaurant space.
      6917 El Camino Real, Atascadero, CA 93422
      View Details
    • $1,540 /Mo

      Atascadero Office Space For Rent

      Spacious corner office suite in Moresco Plaza available for rent.
      7301 A+B, Atascadero, CA 93422
      View Details
    • Contact for pricing

      Atascadero Office Space Sublease

      Approximately 1,600 SF upstairs office space available for sublease.
      5905 Capistrano Ave, Atascadero, CA 93422
      View Details
    • Contact for pricing
      6,200 SF

      Atascadero Executive Office Suites

      Executive office suites available for sublease in Atascadero, CA.
      8865 Morro Rd, Atascadero, CA 93422
      View Details
    • $894 /Mo

      Moresco Plaza Office Suite

      Class A office space in prime business location for lease.
      7305 Morro Rd, Atascadero, CA 93422
      View Details
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    7615 Morro Rd
    Atascadero, CA 93422-4433
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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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