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    800 Hillcrest Dr Cambria, CA 93428-2840

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    800 Hillcrest Dr Cambria, CA 93428-2840

    View on Map
    • Investment properties
    • 0.65 lot acres
    Off-Market
    Property ID
    US09-3596520
    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

    • Cambria Coast Cremation / Social Service Agency
    • Olivia Redwine MA, LMFT / Family Counselor
    • Olivia Redwine / Marriage Or Relationship Counselor
    • Steve Brody Inc / Physician / Medical Clinic
    • Carol J. Wilcox, LCSW / Marriage Or Relationship Counselor / Doctor

    Property Details for 800 Hillcrest Dr

    Lot size
    0.65 lot acres
    Zone code
    CR
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    022-212-001
    APU
    22212001

    Description

    This 1,000 square foot retail property at 800 Hillcrest Drive, Cambria, CA, presents a unique investment opportunity. Situated on a generous 1.18-acre lot just off the main street, this property boasts filtered ocean views, adding significant appeal. The building itself requires renovation, offering a blank canvas for a discerning buyer to create their ideal commercial space. The existing structure includes a main room, a kitchen, and a bathroom, providing a solid foundation for various potential uses. However, prospective buyers are strongly encouraged to independently verify allowable uses with the county and the CCSD (Cambria Community Services District) to ensure compliance with local regulations and zoning ordinances. The prime location and expansive lot size make this property highly attractive for a range of commercial ventures. The substantial acreage offers ample space for expansion, outdoor seating, or additional development, subject to local approvals. This is an exceptional chance to acquire a well-positioned commercial property with significant upside potential in the desirable coastal town of Cambria. The property is offered at $474,000.

    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
    -121.098
    Latitude
    35.5675
    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
    $14,777
    $418,168
    $954,824
    $1,372,992
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $930,000
      4,160 SF

      2262 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,160 SF
      2262 Main St, Cambria, CA 93428-3018
      View Details
    • Value Estimation
      $600,000
      1,754 SF

      4230 Brg St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,754 SF
      4230 Brg St, Cambria, CA 93428-2102
      View Details
    • Value Estimation
      $1,670,000
      1,653 SF

      2075 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,653 SF
      2075 Main St, Cambria, CA 93428-3013
      View Details
    • Value Estimation by Request
      1,838 SF

      2544 Main St Sta, Unit A

      OFFICE/RESIDENTIAL (MIXED USE) • 1,838 SF
      2544 Main St Sta, Cambria, CA 93428-3408
      View Details
    • Value Estimation by Request
      0.05 Acres

      770 Main St Sta, Unit A

      OFFICE/RESIDENTIAL (MIXED USE) • 0.05 Acres
      770 Main St Sta, Cambria, CA 93428-2826
      View Details
    • Value Estimation
      $970,000
      1,837 SF

      4305 Brg St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,837 SF
      4305 Brg St, Cambria, CA 93428-2103
      View Details

    Similar Nearby for Sale

    • $1,450,000
      4,152 SF

      Cambria Mixed-Use Investment Opportunity

      Rare commercial property with restaurant, office/retail unit, and duplex.
      19401980 Main St, Cambria, CA 93428
      View Details
    • $3,900,000
      9,802 SF

      Coastal Property with Restaurant and Residence

      Unique Cambria property with restaurant, residence, and ocean views.
      7432 Exotic Garden Dr, Cambria, CA 93428
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    • Contact for pricing
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      Cambria Water Position For Sale

      Water position on CCSD wait list, no land included.
      Cambria, CA 93428
      View Details
    • $39,000
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      Cambria Land Near Beach

      Double lot near the beach in Cambria, California.
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    800 Hillcrest Dr
    Cambria, CA 93428-2840
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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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