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    50 Castilian 50 Dr Goleta, CA 93117

    For Sale
    Contact for pricing

    Prime Goleta location, flexible floor plans.

    Property size:
    22,495 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 22,495 square foot office and R&D building is situated within the vibrant Castilian Creative Campus in Goleta, California. Its strategic location offers unparalleled access to major transportation arteries, including US-101 and the Santa Barbara Airport, ensuring seamless commutes for employees and clients. The property's proximity to the University of California, Santa Barbara (UCSB) and a wealth of retail amenities and shopping centers further enhances its appeal. The building is designed to offer maximum flexibility, with floors available for lease individually or as a combined space, catering to a diverse range of business needs and sizes. To facilitate a smooth transition for new tenants, the lobby, restrooms, showers, and kitchen/break areas have been thoughtfully pre-built by the previous occupant, AppFolio. Detailed floor plans are available upon request. Furthermore, opportunities exist for additional tenant improvements to be negotiated, including the potential addition of a roll-up door, ideally suited for R&D or laboratory operations. This presents a unique opportunity to secure a high-quality commercial space in a thriving technological center. The asking price is $2 million. The property is located at 50 Castilian Drive, Goleta, CA.

    Property Features for 50 Castilian 50 Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    22,495 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Goleta
    County
    Santa Barbara
    State
    California
    Longitude
    -119.8637
    Latitude
    34.43423

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Goleta location, flexible floor plans.
    Where is this commercial real estate located?
    The property is located at 50 Castilian 50 Dr Goleta, CA.
    What is the asking price?
    The asking price for this property is $2.00.
    (805) 563-2111
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    Realmo Value Estimation

    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

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    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.

    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
    50 Castilian 50 Dr Goleta, CA 93117
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