Corner Ground-Floor Office
For Sale
Contact for pricing
101-55 Hitchcock Way, Santa Barbara, CA 93105
Office space positioned across from the YMCA with convenient access to nearby retail centers and Highway 101.
Property Size1,570 SF
Days on Market101
Property Features for 101-55 Hitchcock Way
General Information
Standard status
Active
Size
1,570 SF
Site & Location
Neighborhood
Hitchcock
Highway Access
Yes
Additional Details
Floor
Ground Floor
Listing Agency:
Hayes Commercial Group
(805) 563-2111
Listed By:
Dylan Ward · License #01472452
(805) 898-4392
Source:
Exprealty
Added: Jul 16
Changed: Oct 3
Last Checked: Oct 23 at 9:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hayes Commercial Group
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Investment Insights
Based on property information with market context.
This 1,570-square-foot office suite occupies the ground floor of a corner property at 101-55 Hitchcock Way. Its office configuration and street-level placement provide a practical setting for professional use.
The suite is located across from the YMCA and between Loreto Plaza and La Cumbre Plaza. Nearby businesses include Gelson's Market, Jersey Mike's Subs, Harry's Plaza Cafe, Chaucer's Books, Lure Fish House, Chipotle, Islands Restaurant, and Target. Highway 101 access is less than one mile away, while downtown Santa Barbara is three miles from the property.
The suite is located across from the YMCA and between Loreto Plaza and La Cumbre Plaza. Nearby businesses include Gelson's Market, Jersey Mike's Subs, Harry's Plaza Cafe, Chaucer's Books, Lure Fish House, Chipotle, Islands Restaurant, and Target. Highway 101 access is less than one mile away, while downtown Santa Barbara is three miles from the property.
Key Highlights
- 1,570‑square‑foot ground‑floor office suite
- Corner location at 101‑55 Hitchcock Way
- Across from the YMCA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,008
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,160
$560.2K
Cap Rate 7%
$400,114
$400.1K
Cap Rate 9%
$311,200
$311.2K
Market Conditions
NOI Build-Up for 1,570 SF
Gross rent
$41.4K $26.40/SF
− Vacancy
−$4.1K −$2.61/SF
EGI
$37.3K $23.79/SF
− OpEx
−$9.3K −$5.95/SF
NOI
$28.0K $17.84/SF
Area
Santa Barbara County, CA
Vacancy
9.90%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,160
Cap Rate 7%
$400,114
Cap Rate 9%
$311,200
Alternative Uses
Best Use
Office B
$400.1K
$350.1K – $466.8K
NOI $28,008 @ 7.0% cap · market cap 1,400,400.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$492.8K
$431.2K – $574.9K
NOI $34,493 @ 7.0% cap · market cap 1,724,650.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,610
Businesses Nearby
Explore this area
Business Placement
Demographics for 93105, CA
26,003
Population
11,401
Households
2.3
Avg Household Size
49
Median Age
60%
College-Educated
94%
High-School Grad
139.8 sq mi
ZIP Area
186
Density / Sq Mi
$129,549
Median Household Income
$64,371
Median Earnings
$2,572
Median Rent
$1,496,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office space positioned across from the YMCA with convenient access to nearby retail centers and Highway 101.
Where is this office unit located?
The property is located at 101-55 Hitchcock Way Santa Barbara, CA.
What are key features of this property?
This property features: 1,570‑square‑foot ground‑floor office suite; Corner location at 101‑55 Hitchcock Way; Across from the YMCA
