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4450 El Camino Real 4,551 SF Office Building Atascadero, CA 93422 $899,000 ($197.54/SF) 6.97% Cap Rate
INVESTMENT HIGHLIGHTS
- High visibility
- Two parking lots
- Centrally located in Atascadero with easy access to HWY 101
EXECUTIVE SUMMARY
Introducing The Cornerstone Center, a high-visibility, centrally located commercial office building on a prominent corner lot in the heart of Atascadero. With immediate access to HWY 101 and direct proximity to major food and fuel destinations such as In-N-Out, Chevron, Sonic, ARCO, and Circle K, this property benefits from strong traffic exposure and steady surrounding activity.
This two-story 4,500 sq ft office building sits on a 16,117 sq ft lot (0.37 acres) and features two parking lots, high ceilings, and windows in every office. Inside, the flexible layout includes 6 smaller private offices and 5 larger offices, creating a versatile setup ideal for a variety of professional uses. A fenced outdoor area adds even more functionality—perfect for storage, workflows, or specialized operations.
With its strategic corner location, adaptable floor plan, and excellent visibility, this property offers exceptional potential for businesses or investors seeking both utility and long-term value. A rare opportunity to secure a well-located, multipurpose commercial space in one of Atascadero’s most active corridors.
This two-story 4,500 sq ft office building sits on a 16,117 sq ft lot (0.37 acres) and features two parking lots, high ceilings, and windows in every office. Inside, the flexible layout includes 6 smaller private offices and 5 larger offices, creating a versatile setup ideal for a variety of professional uses. A fenced outdoor area adds even more functionality—perfect for storage, workflows, or specialized operations.
With its strategic corner location, adaptable floor plan, and excellent visibility, this property offers exceptional potential for businesses or investors seeking both utility and long-term value. A rare opportunity to secure a well-located, multipurpose commercial space in one of Atascadero’s most active corridors.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
4,551 SF
Building Class
C
Year Built
1978
Price
$899,000
Price Per SF
$197.54
Cap Rate
6.97%
NOI
$62,660
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,276 SF
Building FAR
0.28
Lot Size
0.37 AC
Zoning
CP
Parking
12 Spaces (2.64 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Conferencing Facility
- Signage
- Skylights
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 049-226-001 | Total Assessment | $918,000 |
| Land Assessment | $459,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $459,000 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
049-226-001
Land Assessment
$459,000
Improvements Assessment
$459,000
Total Assessment
$918,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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4450 El Camino Real
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