Flex Space with Warehouse
1013 Mark Ave, Carpinteria, CA 93013
For Sale
Contact for pricing
Finished front offices and separate storage complement a largely open industrial floor plan.
Property Size3,467 SF
Days on Market25
Property Features for 1013 Mark Ave
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Property Use
Listing Agency:
Radius Group Commercial R.E.
Listed By:
Robert Tuler
(805) 879-9605
Source:
Santaynezvalleyhomesforsale
Added: Oct 20
Changed: Nov 11
Last Checked: Nov 10 at 12:12PM
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 Radius Group Commercial R.E.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ±3,467 SF flex space combines an open industrial area with finished offices at the front and additional storage. Approximately 75% of the floor plan is dedicated to warehouse or industrial use, leaving the front office area distinct from the main work space.
The property is in Carpinteria Business Park, minutes from Highway 101, between Santa Barbara and Ventura.
The property is in Carpinteria Business Park, minutes from Highway 101, between Santa Barbara and Ventura.
Key Highlights
- ±3,467 SF flex space
- Approximately 75% of the floor plan is open industrial or warehouse area
- Finished office space at the front of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,232
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,640
$424.6K
Cap Rate 7%
$303,314
$303.3K
Cap Rate 9%
$235,911
$235.9K
Market Conditions
NOI Build-Up for 3,467 SF
Gross rent
$35.4K $10.20/SF
− Vacancy
−$5.0K −$1.45/SF
EGI
$30.3K $8.75/SF
− OpEx
−$9.1K −$2.62/SF
NOI
$21.2K $6.12/SF
Area
Santa Barbara County, CA
Vacancy
14.23%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,640
Cap Rate 7%
$303,314
Cap Rate 9%
$235,911
Alternative Uses
Best Use
Flex RnD
$635.1K
$555.7K – $740.9K
NOI $44,455 @ 7.0% cap
Second Best
Warehouse
$368.3K
$322.3K – $429.7K
NOI $25,782 @ 7.0% cap
Theoretical Best
Multifamily LT 5
$1.09M
$952.1K – $1.27M
NOI $76,170 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93013, CA
16,299
Population
7,640
Households
2.1
Avg Household Size
45
Median Age
46%
College-Educated
87%
High-School Grad
41.4 sq mi
ZIP Area
394
Density / Sq Mi
$115,633
Median Household Income
$49,017
Median Earnings
$2,331
Median Rent
$1,074,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Santa Barbara County, CA
Properties on Market for Flex space in Santa Barbara County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Finished front offices and separate storage complement a largely open industrial floor plan.
Where is this flex space located?
The property is located at 1013 Mark Ave Carpinteria, CA.
What are key features of this property?
This property features: ±3,467 SF flex space; Approximately 75% of the floor plan is open industrial or warehouse area; Finished office space at the front of the building
