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

    125 Cremona 125.0 Drive Goleta, CA 93117

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Remodeled Class A office space in Santa Barbara tech market.

    Type:General Commercial
    Property size:
    15,801 SF
    Added:
    May 13, 2024
    Days on Market:
    690
    Last Refresh:
    Mar 31 at 8:23 pm

    Property Features for 125 Cremona 125.0 Drive

    General Information

    Standard status
    Active
    Size
    15,801 SF
    Property subtype
    General Commercial

    We can help!

    Listing Contact
    Francois DeJohn

    Listing agent Francois DeJohn

    Listing office Hayes Commercial Group

    Listing date May 13, 2024

    Source Xome

    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

    Overview

    Class A Office Space Available

    Located in the thriving coastal Santa Barbara tech and engineering market, 125 Cremona Drive is part of the Tech Park @ Cremona business campus. This recently remodeled Class A building features prominent identity and efficient floor plans. The property benefits from abundant onsite parking, natural light, and mountain views, as well as a gym. Its location provides proximity to Highway 101, UCSB, and the Santa Barbara Airport. Suite 200 offers high-quality finishes and a modern design, incorporating a mix of private offices, meeting rooms, and an open bullpen area. It is available as either a 10,000 square foot space or a 12,827 square foot space. Suite 230 includes a lab, two windowed offices, and a conference room with a large kitchen and open area. The property's total size is 15,801 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Goleta
    County
    Santa Barbara
    State
    California
    Longitude
    -119.967
    Latitude
    34.4816

    Nearby Similar for Sale

    • $3
      640 SF

      Goleta Retail Space Available

      Retail space in Isla Vista with high visibility and parking.
      900 Embarcadero Del Mar unit: A, GOLETA, CA 93117
      View Details
    • $1,649,000
      1,409 SF

      Goleta Coastal Investment Opportunity

      Versatile property near UCSB, beach, and Isla Vista.
      6877 Fortuna Road, GOLETA, CA 93117
      View Details
    • $10,000
      3,026 SF

      High-Profile Isla Vista Retail Space

      Prominent retail space ideal for restaurant or retail uses.
      900 Embarcadero Del Mar unit: Downstairs, GOLETA, CA 93117
      View Details
    • $1,950
      630 SF

      Goleta Retail/Office Space Available

      Open retail or office suite in dynamic Isla Vista location.
      900 Embarcadero Del Mar unit: C, GOLETA, CA 93117
      View Details
    • Contact for pricing
      116,612 SF

      Goleta Target NNN-Leased Property

      Premier single-tenant Target property in Goleta, Santa Barbara County.
      6865 Hollister Ave, Goleta, CA 93117
      View Details
    • $2,325,000
      2,500 SF

      Goleta Investment Opportunity

      Two-unit property with strong rental income in a prime location.
      6516 Del Playa Dr, Goleta, CA 93117
      View Details
    • $2

      Turnkey Restaurant Space in Goleta

      Restaurant space with infrastructure in place, ready for new operator.
      5725 Hollister Ave, GOLETA, CA, 93117-3420
      View Details
    • $1.70

      Furnished Office/R&D Building in Goleta

      Freestanding, furnished office/R&D building in Goleta Business Park.
      425 Pine Ave, GOLETA, CA, 93117-3709
      View Details
    • $2,900,000
      6,132 SF

      Goleta Retail Property For Sale

      Retail property available for sale in Goleta, California.
      145 Santa Felicia Dr, Goleta, CA
      View Details
    • $1.60

      Class A Office Suite

      High-quality office suite with amenities and convenient location.
      420 S Fairview Ave, GOLETA, CA, 93117-3627
      View Details
    • $2
      12,827 SF

      Remodeled Class A Office Building

      Class A office building in Santa Barbara tech and engineering market.
      125 Cremona Dr, GOLETA, CA, 93117-3083
      View Details
    • $2.00
      9,357 SF

      Class A Office Suite

      High-quality office suite with modern amenities and convenient location.
      420 S Fairview 420.0 Avenue, Goleta, CA 93117
      View Details

    FAQs

    What type of property is this?
    Office units - Remodeled Class A office space in Santa Barbara tech market.
    Where is this office units located?
    The property is located at 125 Cremona 125.0 Drive Goleta, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Class A building in a desirable tech and engineering business park.; Recently remodeled with high‑quality finishes and modern design.; Flexible space options: Choose from 10,000 SF or 12,827 SF.
    (805) 563-2111
    We can help!
    Listing Contact
    Francois DeJohn
    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!