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    5290 5290 Rd Goleta, CA 93111

    Sponsored
    For Sale
    $880,000

    High-Demand Location, Excellent Income

    Property size:
    2,120 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 2,120 square foot office condo is situated in Goleta's desirable Creekside Plaza, a garden-style complex boasting convenient walking and biking trails. Ideally located, the property offers effortless access to Highway 101, the Magnolia Shopping Center, downtown Santa Barbara, and Santa Barbara Airport, ensuring high visibility and accessibility for both tenants and clients. This second-floor unit is conveniently served by an elevator and features multiple entrances, providing flexibility and convenience. Currently, the space is 100% leased, generating immediate income. The lease structure offers a blend of long-term and month-to-month tenancies, providing an investor with a stable income stream and the option for future adjustments. One lease is in place until November 2025, while the remaining tenants are on month-to-month agreements. This short-term lease flexibility presents a unique opportunity for either an investor seeking a strong return or an owner-user looking to occupy all or a portion of the space. The property's prime location, combined with its versatile lease structure and convenient amenities, makes it an attractive investment opportunity in a thriving market. The asking price is $880,000. This is a rare opportunity to acquire a well-located, income-producing commercial property in a highly sought-after area.

    Property Features for 5290 5290 Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,120 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Goleta
    County
    Santa Barbara
    State
    California
    Longitude
    -119.8072
    Latitude
    34.43953

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    FAQs

    What type of property is this?
    Commercial real estate - High-Demand Location, Excellent Income
    Where is this commercial real estate located?
    The property is located at 5290 5290 Rd Goleta, CA.
    What is the asking price?
    The asking price for this property is $880,000.
    (805) 563-2111
    Request Owner's contact information
    5290 5290 Rd Goleta, CA 93111
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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

    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.

    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
    5290 5290 Rd Goleta, CA 93111
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