Property profile

8501 El Camino Real Atascadero, CA 93422

OFF-MARKET
Turn key restaurants
Property ID
US09-1325621
1,975 SF 0.07 ac lot Built 1918
Individually Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 1,775-square-foot restaurant building located on El Camino Real in Atascadero, within San Luis Obispo County’s food and beverage corridor. It includes indoor dining for approximately 30 guests and an oversized private back patio with ADA access providing additional outdoor seating for approximately 26 guests. The building has a fully functional commercial kitchen, two restrooms with ADA-compliant improvements, and both indoor and outdoor dining areas. Major building and life-safety system upgrades were completed in 2017, including new electrical, plumbing, HVAC, and ADA-compliant restrooms. Additional building improvements include a roof replacement, a new gas line, and installation in 2023 of a commercial kitchen hood and fire suppression system. The configuration supports use as a food and beverage restaurant concept.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1918
Construction WOOD
Total area 1,975 SF
Lot 0.07 ac (2,875 SF)
Zoning code CR
APN 030-512-006
UPID US09-1325621

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

8501 El Camino Real Atascadero, CA 93422-5367
Atascadero metro Census 12503 SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$755k
CAP Approach CAP
by Request
Comparable Approach Comparable
$830k
Blend (final) Blend
$755k

Owner & transaction history

since 2024
Last sale
$755,000
7 recorded transactions
2024
Price N/A
2023
$755,000
2023
Price N/A
2016
$195,000
2016
Price N/A
2015
Price N/A
2014
Price N/A

Zoning & alternative use

CR · Atascadero, CA
Zoning description

nonresidential zoning districts. § 9-3.330 Nonresidential district allowable land uses. § 9-3.331 Mixed-use residential density. § 9-3.340 Property development standards. § 9-3.341 CN Zone. § 9-3.342 CP Zone. § 9-3.343 C…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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