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    794 Arlington St, Unit 203 Cambria, CA 93428-2846
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    Property profile & analytics

    794 Arlington St, Unit 203, Cambria, CA 93428-2846

    View on Map
    • Office Spaces
    • 750 SF
    • 0.02 lot acres
    Off-Market
    Last Sale Dec 28, 2024
    $168,000
    Property ID
    US09-0757134
    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

    • Venetia's Skin Care Studio / Spa & Massage Center

    Property Details for 794 Arlington St

    Year built
    1986
    Construction
    WOOD
    Lot size
    0.02 lot acres
    Zone code
    CR
    Property type
    Office Spaces
    APN
    022-123-029
    APU
    22123029

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 2, 2025 — The David Kilbert Living Trust David Kilbert Deed · related —
    Aug 4, 2025 — The David Kilbert Living Trust David Kilbert Deed · related —
    Mar 28, 2025 $168,000 David Kilbert David J Silva Grant Deed —
    Jun 14, 2019 $100,000 Silva,david & Cecilia F Trust Jafari-tabrizi 2009 F Trust Grant Deed —
    Jun 27, 2018 $90,000 Tabrizi,h Trust Keshvari,harry Grant Deed —
    Feb 14, 2013 — Harry Keshvari Keshvari,marlene Quit Claim Deed · related —
    Jun 4, 2012 $64,000 Harry Keshvari Hinsbeeck,marcel & Donna T Grant Deed —
    Sep 16, 1999 $70,000 Marcel Hinsbeeck Sorensen,karen Grant Deed —
    Oct 11, 1989 $77,000 Karen Sorensen Arlington Square Grant Deed $45k · Mid State Bank

    Description

    This exceptional 750-square-foot retail condominium in Cambria, California, presents a unique investment opportunity. Located at 794 Arlington Street, Unit 203, this property boasts stunning penthouse views and is ideally situated just half a block from the vibrant Main Street, yet offers the tranquility of being within walking distance of Moonstone Beach. The unit is currently occupied by a tenant, providing immediate income potential. The interior features a well-appointed kitchen, perfect for an owner-user seeking a comfortable workspace, and a bathroom complete with a large shower. The property sits on a 0.02-acre lot, offering a manageable footprint for a retail business. The convenient location, combined with the attractive features of the unit itself, makes this an excellent choice for an owner-occupant or investor seeking a high-demand retail space in a desirable coastal town. The property is priced at $180,000, representing a compelling value in the current market. This turnkey opportunity offers a blend of business potential and comfortable living, making it an ideal choice for those seeking a unique commercial property in Cambria. The existing tenant provides a stable income stream, minimizing initial vacancy risk. The property's proximity to both the bustling downtown area and the serene Moonstone Beach ensures high visibility and foot traffic.

    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
    Cambria
    County
    San Luis Obispo
    State
    California
    Longitude
    -121.1
    Latitude
    35.5678
    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
    $1,428
    $32,808
    $76,553
    $109,361
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      735 SF

      776 Arlington St, Unit 106

      CONDOMINIUM OFFICES
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      750 SF

      782 Arlington St, Unit 103

      CONDOMINIUM OFFICES
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      675 SF

      786 Arlington St

      CONDOMINIUM OFFICES
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      0.02 Acres

      780 Arlington St, Unit 104

      CONDOMINIUM OFFICES
      780 Arlington St, Cambria, CA 93428-2810
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    • Value Estimation by Request
      709 SF

      798 Arlington St

      CONDOMINIUM OFFICES
      798 Arlington St, Cambria, CA 93428-2846
      View Details

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      Downtown Cambria Commercial Space

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      Cambria Laundromat Opportunity For Lease

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    Cambria, CA 93428-2846
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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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