Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    865 Aerovista Pl San Luis Obispo, CA 93401

    • Office Properties & Spaces
    • 5,972 SF
    • 0.15 lot acres
    For Lease
    View listing
    $1.75 SF/Yr
    Last Sale
    Jun 23, 2022
    $1,300,000
    Value Estimations
    $1,585,000
    Cap Rate Potential
    7.2%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US09-3605958
    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

    • Aspire Counseling Services / Medical Clinic
    • Coastal Vineyard Services / Vineyard
    • Philip Borgardt, MD Inc. / Physician
    • Speech Co / Physician
    • Crawford Leslie / Physician

    Property Details for 865 Aerovista Pl

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    5,972 SF
    Zone code
    BP
    Property type
    Office Properties & Spaces
    APN
    053-417-002
    APU
    53417002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,640,000
      ML approach
      $1,670,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,975,000
      6.5%
      $1,825,000
      7%
      $1,695,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,183,000
      Market price range: $1.81M - $4.18M
      AI Estimate
      $1,179,000
      Market price range: $697k - $2.19M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,545,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.641
    Latitude
    35.2425
    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
    $17,969
    $604,092
    $1,021,796
    $1,625,888
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $765,000
      3,744 SF

      1880 Santa Barbara Ave

      CONDOMINIUM OFFICES • 3,744 SF
      1880 Santa Barbara Ave, San Luis Obispo, CA 93401-4481
      View Details
    • Value Estimation
      $7,245,000
      25,537 SF

      1255 Kendall Rd

      OFFICE (GENERAL) • 25,537 SF
      1255 Kendall Rd, San Luis Obispo, CA 93401-8750
      View Details
    • Value Estimation
      $6,580,000
      18,959 SF

      1146 Farmhouse Ln

      OFFICE (GENERAL) • 18,959 SF
      1146 Farmhouse Ln, San Luis Obispo, CA 93401-8362
      View Details
    • Value Estimation
      $1,490,000
      3,072 SF

      1304 Ella St Ste B

      CONDOMINIUM OFFICES • 3,072 SF
      1304 Ella St Ste B, San Luis Obispo, CA 93401-4166
      View Details
    • Value Estimation
      $950,000
      4,438 SF

      3026 Higuera St

      CONDOMINIUM OFFICES • 4,438 SF
      3026 Higuera St, San Luis Obispo, CA 93401-6606
      View Details
    • Value Estimation by Request
      13,855 SF

      4115 Broad St, Unit B

      CONDOMINIUM OFFICES • 13,855 SF
      4115 Broad St, San Luis Obispo, CA 93401-7992
      View Details

    Similar Nearby for Sale

    • $295,000
      594 SF

      Prime San Luis Obispo Office Condo

      Updated 594 SF Office, Great Location
      3591 Sacramento Dr, San Luis Obispo, CA 93401
      View Details
    • $1,030,000
      1,294 SF

      Downtown SLO Office Building

      Craftsman Office, 100% Occupied
      1410 Marsh St, San Luis Obispo, CA 93401
      View Details
    • $1,030,000
      1,294 SF

      Office Building For Sale

      Office building in San Luis Obispo available for purchase.
      1410 Marsh St, San Luis Obispo, CA 93401
      View Details
    • $289,000
      594 SF

      San Luis Obispo Office Space

      Office suite with three offices and common restrooms for sale.
      3591 Sacramento Dr, San Luis Obispo, CA 93401
      View Details
    • $2,830,000

      Medical Office Space Available

      Prime medical office space with high visibility in San Luis Obispo.
      689 Tank Farm Rd, San Luis Obispo, CA 93401
      View Details
    • $1,150,000
      1,900 SF

      Spanish-Style Office Building For Sale

      Office building with apartment and courtyard in downtown San Luis Obispo.
      1124 Nipomo St, San Luis Obispo, CA 93401
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr
      2,113 SF

      Downtown SLO Executive Suite

      Modern, turnkey office space with parking.
      1327 Archer Ave, San Luis Obispo, CA 93401
      View Details
    • $42 SF/Yr
      5,870 SF

      Prime San Luis Obispo Office Space

      Class A Executive Suites, 5,870 SF Available
      1080 Court St, San Luis Obispo, CA 93401
      View Details
    • $33 SF/Yr
      5,174 SF

      Downtown SLO Office Building

      Prime Office Space, Parking Included
      994 Mill St, San Luis Obispo, CA 93401
      View Details
    • $18 SF/Yr
      7,250 SF

      San Luis Obispo Industrial Gem

      7,250 SF Office/Warehouse, Prime Location
      189 Granada Dr, San Luis Obispo, CA 93401
      View Details
    • $35 SF/Yr
      4,516 SF

      Prime San Luis Obispo Office Space

      Modern, 4,516 SF Office Suite Near Downtown
      1327 Archer Ave, San Luis Obispo, CA 93401
      View Details
    • $34 SF/Yr
      1,000 SF

      Downtown SLO Office Space Available

      Modern Office Suite, Prime Location, Parking Included
      369 Marsh St, San Luis Obispo, CA 93401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    865 Aerovista Pl
    San Luis Obispo, CA 93401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.