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Property profile & analytics
FOR LEASE
Industrial land

978 Griffin St Grover Beach, CA 93433

0.73 ac lot
Entity Owned 17-yr Hold Absentee Owner Free & Clear
Property ID
US09-1552613
Property summary
AI-generated overview

This exceptional development opportunity in Grover Beach, California, presents two new commercial buildings totaling approximately 26,447 square feet on a prime parcel located at 978 Griffin Street E & F. The property is zoned M1 & C1, offering significant flexibility for various commercial uses. Building E, encompassing roughly 13,601 square feet, is divisible into six bays ranging from 2,643 to 2,785 square feet. Building F, approximately 12,846 square feet, can be divided into four bays, ranging from 3,162 to 3,307 square feet. This presents a unique chance to lease space in a newly constructed facility, tailored to meet diverse business needs. The asking price for the entire development project is $17,681. Leasing rates are $1.30 per square foot, plus NNN charges. This development is situated in San Luis Obispo County, California, with a zip code of 93433, offering easy access to local amenities and transportation routes. The property's latitude and longitude coordinates are 35.110807 and -120.621791 respectively. This is an ideal investment for businesses seeking modern, flexible space in a thriving California community.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 0.73 ac (31,799 SF)
Zoning code M1
APN 060-544-008
UPID US09-1552613
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k
Owner & transaction history
Topco Management LLC · 17 yrs held
Topco Management LLC
since 2008
4 recorded transactions
2008
Price N/A
2008
Price N/A
1999
$121,500
1998
$121,000
Zoning & alternative use
M1 · Grover Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Development Code (December 2025
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