Add Listing
    For Sale
    • 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

    1021 Sunrise Drive Santa Maria, CA 93455

    View on Map
    For Sale
    $399,950

    Single Family Residence - Santa Maria, CA

    Type:Single Family Residence
    Property size:
    3,000 SF
    Lot size:
    0.22 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 1 at 9:06 pm

    Property Features for 1021 Sunrise Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    109-250-013
    Size
    3,000 SF
    Lot size
    0.22 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Patricia Ponce

    Listing agent Patricia Ponce License #01052453

    Listing office Pacific Properties 1203 Brownstone Lane, Santa Maria, CA

    Listing date Mar 25, 2026

    MLS# 26000552 Listing URL

    Copyright © 2026 North Santa Barbara County Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot in Santa Maria

    This residential lot in Santa Maria, California, is located in close proximity to shopping, dining, and entertainment options, with convenient freeway access. The property is being sold with approved plans for a main home of almost 3000 square feet, featuring 3 master suites and 4 full bathrooms, plus an additional dwelling unit (ADU) or guest home with 2 bedrooms and 2 bathrooms. The lot size is approximately 0.22 acres. The property is weeks away from final plan approval and is shovel ready.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Maria
    County
    Santa Barbara
    State
    California
    Longitude
    -120.419457
    Latitude
    34.908838

    Nearby Similar for Sale

    • $795,000
      1,402 SF

      Unique Santa Maria Office Opportunity

      Converted office with character, ideal for owner-user or investment.
      117 E Fesler Street, Santa Maria, CA 93454
      View Details
    • $559,000

      Prime Development Opportunity in Santa Maria

      High-visibility corner lot ideal for commercial or mixed-use development.
      0 Main Street, Santa Maria, CA 93454
      View Details
    • $1,499,000
      9,556 SF

      Versatile Industrial Manufacturing Warehouse

      Functional industrial warehouse with showroom, offices, and roll-up doors.
      224 N Smith Street, Santa Maria, CA 93458
      View Details
    • $579,999

      Santa Maria Rural Getaway Land

      East-facing sloped property with permitted well and potential for splitting.
      777 Tepusquet Road, Santa Maria, CA 93454
      View Details
    • $1,150,000
      1,660 SF

      Income-Producing Commercial/Manufacturing Property

      Income property with shop, yard, and potential additional unit.
      285 Dal Porto Lane, Santa Maria, CA 93458
      View Details
    • $1,199,999
      2,421 SF

      Triplex in Established Orcutt Neighborhood

      Three homes on one lot with income potential and modern comfort.
      1172 E Rice Ranch Road, Santa Maria, CA 93455
      View Details
    • $310,000

      Santa Maria Valley Vacant Land

      Vacant land in a desirable Santa Maria neighborhood.
      827 Firefox Drive, Santa Maria, CA 93455
      View Details
    • $1,400,000

      Santa Maria Land/Lot Opportunity

      Development opportunity with potential fee waivers in Orcutt market.
      0 Northpoint Circle, Santa Maria, CA 93455
      View Details
    • $9,500,000

      Furnished Santa Maria Workforce Housing

      Four-acre property with 100 cottages, ideal for workforce housing.
      1324 N Broadway, SANTA MARIA, CA 93454
      View Details
    • $379,950

      Residential Lot in Santa Maria

      Residential lot for building a single-family home.
      1015 Sunrise Drive, Santa Maria, CA 93455
      View Details
    • $1,485,000
      4,558 SF

      Newer Triplex Near Allan Hancock

      Well-located triplex with newer units built in 2020.
      525 E Boone Street, Santa Maria, CA 93454
      View Details
    • $821,040

      Santa Maria Development Land Available

      Prime mixed-use development site in Santa Maria, California.
      1001 W Betteravia Rd, Santa Maria, CA
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot with approved plans for main home and ADU.
    Where is this residential land & home lot located?
    The property is located at 1021 Sunrise Drive Santa Maria, CA.
    What is the asking price?
    The asking price for this property is $399,950.
    What are key features of this property?
    This property features: Shovel‑ready lot with plans included and near approval.; Main home boasts almost 3000 sq ft with **3 master suites and 4 full bathrooms**.; Includes an ADU/guest home with 2 bedrooms and 2 bathrooms.
    (818) 612-3730
    We can help!
    Listing Contact
    Patricia Ponce
    Real Estate License ID: 01052453
    Learn More
    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.
    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!