Add Listing
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

    Slo Airport San Luis Obispo, CA

    • Drive through restaurants
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-4991329
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for Slo Airport

    Property type
    Drive through restaurants
    APN
    940-002-508
    APU
    940002508

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    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
    -120.654
    Latitude
    35.2951
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,089 SF

      58 Wilfred Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,089 SF
      58 Wilfred Ave, Rohnert Park, CA
      View Details
    • Value Estimation by Request
      1,469 SF

      Msn St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,469 SF
      Msn St, Carmel, CA
      View Details
    • Value Estimation by Request
      2,476 SF

      Msn St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,476 SF
      Msn St, Carmel, CA
      View Details
    • Value Estimation
      $510,000
      1,877 SF

      5th Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,877 SF
      5th Ave, Carmel, CA
      View Details
    • Value Estimation by Request
      3,224 SF

      Msn St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,224 SF
      Msn St, Carmel, CA
      View Details
    • Value Estimation by Request
      2,995 SF

      Ocean Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,995 SF
      Ocean Ave, Carmel, CA
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,850 SF

      New Dutch Bros For Sale

      New construction Dutch Bros with double drive-thru.
      480 St E, Williams, CA
      View Details
    • Contact for pricing
      2,250 SF

      Retail Space in King City

      Retail property with freeway access in Monterey County.
      1301 Bdwy St, King City, CA
      View Details
    • $650,000
      2,450 SF

      Freestanding Buildings with Private Parking

      Three buildings on three acres with parking and RV hookups.
      30990 Ca-190, Porterville, CA
      View Details
    • Contact for pricing
      4,300 SF

      Gaslamp Restaurant/Bar Facility Available

      Coveted Gaslamp restaurant/bar with two entrances and shared kitchen.
      905 4 Ave & 420 St E, San Diego, CA
      View Details
    • Contact for pricing
      5,618 SF

      Red Robin NNN Ground Lease

      NNN ground lease at The Streets of Brentwood.
      2385 Sand Creek Rd, Brentwood, CA
      View Details
    • $3,995,000
      2,311 SF

      Encinitas Restaurant Investment Opportunity

      Fully occupied restaurant property with coastal location and long-term leases.
      916-918 Hwy 101 N, Encinitas, CA
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Freestanding Drive-Thru Pad Available

      Freestanding drive-thru pad available for rent.
      24865 Hospitality Pl, Murrieta, CA
      View Details
    • Contact for pricing
      2,033 SF

      La Jolla Drive-Thru Opportunity

      Prime drive-thru restaurant space in The Village of La Jolla.
      2206 Torrey Pne Rd, San Diego, CA
      View Details
    • Contact for pricing
      88,605 SF

      Planned Retail Development For Lease

      New retail development with drive-thru and gas station pads for lease.
      Nec Sierra Hwy @ Pearblossom Hwy, Palmdale, CA
      View Details
    • Contact for pricing
      3,481 SF

      Drive-Thru Pad in Roseville Center

      Corner drive-thru pad in Bel Air anchored shopping center.
      1089 Sunrise Blvd/Cirby Way, Roseville, CA
      View Details
    • Contact for pricing
      5,435 SF

      Retail Pad for Lease

      Proposed drive-through/restaurant/retail pad available for lease.
      and Santa Maria Wy SE Of Miller St, Santa Maria, CA
      View Details
    • Contact for pricing
      3,300 SF

      Retail Spaces and Drive-Thru Pads

      Multiple retail spaces and drive-thru pads available for lease.
      1854 Ca-152, Los Banos, CA
      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.
    Slo Airport
    San Luis Obispo, CA
    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.
    Sign Up Successful!
    You now have access to more from Realmo!