CRE Admin

Morro Bay, CA Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Morro Bay, California Market population: 10K. Compare commercial properties across all major asset classes...

Advertisement
Cap Rate: Medium NOI: Any Tax Rate: Any Price: Any Size: Any
Clear All
No exact matches found. Showing similar properties in California.
10 properties found
REI Capital advisor
Investor Pitch Deck

Don’t just search properties. See why investors choose REI Capital.

Before you compare every deal alone, download the REI Capital investment pitch and see our growth story, strategy, and next-step materials.

REI Capital advisor
⭐ Featured

Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code

$1,200,000
Oakland Multifamily

Discover a compelling real estate investment in the vibrant city of Oakland, California. This property at 5476 Vicente W...

Cap Rate 2.70%
NOI $32,400
Size 1,800 SF

📊 Average Cap Rate For Morro Bay CA Properties: 6.68%

⭐ Featured

High-Cap-Rate Value-Add Multifamily Investment in Oakland

$2,299,999
Oakland Multifamily

Discover a compelling value-add opportunity in Oakland’s vibrant real estate market. This six-unit multifamily propert...

Cap Rate 7.97%
NOI $183,323
Size 6,104 SF

Investor Questions For Morro Bay CA

Common questions from investors exploring commercial real estate in Morro Bay CA.

What's the overall investment potential of Morro Bay, CA? +
The 10.4% poverty rate combined with a 92.0% health insurance coverage rate and a strong median household income of $49,470 suggests a stable market with employment opportunities, making it an attractive investment location. The top industries, including Public Administration and Professional, Scientific, & Management Services, also indicate a diverse economy. Additionally, the 19.7-minute average commute time and high rate of health insurance coverage contribute to a high quality of life for residents.
How does the demographic makeup of Morro Bay impact rental demand? +
The city's ethnic diversity, with top ethnicities including White, White Non-Hispanic, and Hispanic, suggests a culturally rich and potentially vibrant rental market. The median age of 51.1 and foreign born rate of 7.4% may also attract a mix of long-term residents and newcomers, driving demand for rentals. Furthermore, the relatively low poverty rate and high health insurance coverage rate indicate a stable tenant base.
What are the key factors influencing property values in Morro Bay? +
The median property value of $484,800, combined with a median property tax of $2,460 and a homeownership rate of 56.3%, suggests a relatively stable and potentially appreciating property market. The city's top industries, including Public Administration and Transportation & Warehousing, may also contribute to a strong demand for housing, supporting property values. Additionally, the average commute time of 19.7 minutes and high health insurance coverage rate may enhance the overall quality of life, making the area more attractive to homeowners and investors.
How does the local economy impact the rental yield in Morro Bay? +
The employed population of 4,872 and top industries, including Professional, Scientific, & Management Services, suggest a strong and diverse economy, which can support a stable rental market. The median household income of $49,470 and relatively low poverty rate of 10.4% also indicate a potential for consistent rental income. Moreover, the GINI coefficient of 0.417 and high health insurance coverage rate may contribute to a stable and predictable tenant base, enhancing the rental yield.
What role does quality of life play in Morro Bay's investment potential? +
The average commute time of 19.7 minutes, top commute methods including driving alone and working from home, and high health insurance coverage rate of 92.0% all contribute to a high quality of life in Morro Bay. This, combined with the city's stable economy and diverse industries, makes it an attractive location for both residents and investors. The air quality index of 34.2 and water quality index of 82.1 also suggest a pleasant living environment, which can support long-term investment growth and stability.

Morro Bay CA Real Estate & City Facts

Key facts and real estate information about Morro Bay CA.

What are some of the best neighborhoods to live in Morro Bay? +
Some of the best neighborhoods to live in Morro Bay include Morro Bay Hills, which is known for its beautiful ocean views and walkability. Other neighborhoods to consider are those near Del Mar Park, which has some of the best pickleball courts on the central coast. You can also explore the neighborhoods along Highway 1, which offer a classic California coastal living experience.
What are some fun things to do in Morro Bay? +
There are plenty of fun things to do in Morro Bay, including visiting the iconic Morro Rock, going kayaking, playing golf at the Morro Bay Golf Course, and exploring the Morro Bay Embarcadero. You can also take a whale watching tour, visit the nearby Hearst Castle, or go beer tasting at one of the local breweries. If you're looking for outdoor activities, Morro Bay has plenty of options, including hiking, biking, and fishing.
What is the food scene like in Morro Bay? +
The food scene in Morro Bay is amazing, with a variety of seafood restaurants serving up fresh catches. Some popular spots include Galley Seafood Grill & Bar, Bayside Cafe, and Dorn's Original Breakers Cafe. You can also try Tognazzini's Dockside Restaurant & Fish Market, which is a family-owned operation that captures the essence of coastal living. There are also plenty of great food trucks and casual eateries to grab a bite to eat.
What are the pros and cons of living in Morro Bay? +
The pros of living in Morro Bay include its beautiful coastal location, outdoor recreation opportunities, and relaxed atmosphere. However, some cons to consider are the high cost of living, including expensive housing and property taxes. Additionally, the town can be quite touristy, especially during peak season, which may be a drawback for some residents. Overall, Morro Bay is a great place to live for those who value a laid-back, coastal lifestyle and are willing to pay a premium for it.
Is Morro Bay a good place to live? +
Morro Bay is a great place to live for those who love the coastal lifestyle and are looking for a relaxed, small-town atmosphere. While it may have its drawbacks, including a high cost of living and touristy crowds, the town's natural beauty, outdoor recreation opportunities, and strong sense of community make it an attractive option for many people. Ultimately, whether Morro Bay is a good place to live depends on your individual priorities and preferences, but it's definitely worth considering if you're looking for a unique and charming coastal town to call home.
⭐ Featured

Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Apartment Building

Presenting a high-yield investment opportunity at 5476 Vicente Way in Oakland's sought-after Temescal neighborhood. This...

Cap Rate 7.97%
NOI $183,300
Size 0 SF

📊 Avg Property Tax Rate For Morro Bay CA Properties: 1.0900%

Advertisement
⭐ Featured

Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Multifamily

Discover a compelling investment opportunity at 5476 Vicente Way in Oakland's vibrant Temescal neighborhood. This well-m...

Cap Rate 7.97%
NOI $183,324
Size 0 SF
⭐ Featured

Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF

📊 Average Income For Morro Bay CA Commercial Property: $49,470

⭐ Featured

Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate

$30,000,000
Valley Village Multifamily

Discover a prime multifamily investment opportunity in the desirable Valley Village neighborhood of Los Angeles County....

Cap Rate 3.39%
NOI $1,017,000
Size 52,393 SF
⭐ Featured

Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF
Advertisement
⭐ Featured

Prime 15-Unit Multifamily Investment in Heart of San Francisco

$4,895,000
San Francisco Multifamily

Discover a prime multifamily investment in the heart of San Francisco's vibrant 94103 zip code. This 15-unit mid-rise pr...

Cap Rate %
NOI $0
Size 8,225 SF
⭐ Featured

7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate

$2,100,000
Long Beach Multifamily

Discover a compelling value-add opportunity in the heart of Long Beach, California. This 7-unit multifamily property, lo...

Cap Rate 7.00%
NOI $144,960
Size 6,074 SF
⭐ Featured

Prime Arcata Multifamily Value-Add: 126-Unit Garden Apartment with 8.67% Cap Rate

$12,750,000
Arcata Multifamily

Presenting a compelling value-add investment in the vibrant city of Arcata, California. This 126-unit garden-style apart...

Cap Rate 8.67%
NOI $99,999
Size 87,484 SF
Advertisement