Office Suite with Two Private
For Sale
Contact for pricing
105-1525 State Street, Santa Barbara, CA 93101
Efficient suite features two private offices and relies on plentiful street parking for visitor convenience.
Property Size430 SF
Days on Market127
Property Features for 105-1525 State Street
General Information
Standard status
Active
Size
430 SF
Site & Location
Neighborhood
Lower State
Listing Agency:
Hayes Commercial Group
(805) 563-2111
Listed By:
Daniel Ferrick
(303) 917-5626
Source:
Exprealty
Added: Jun 30
Changed: Oct 26
Last Checked: Nov 1 at 11:50AM
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 efficient office suite offers a practical layout with two private offices. It is suited for professional use where enclosed rooms are needed while keeping the rest of the suite functional for day-to-day operations.
The property is located at 105-1525 State Street and is described as being just moments from the arts and entertainment district. The listing also notes plentiful street parking, which can support client and guest access.
For buyers seeking a straightforward office setup with dedicated private rooms and street-parking access, this suite provides a compact, professional configuration within a well-situated commercial setting.
The property is located at 105-1525 State Street and is described as being just moments from the arts and entertainment district. The listing also notes plentiful street parking, which can support client and guest access.
For buyers seeking a straightforward office setup with dedicated private rooms and street-parking access, this suite provides a compact, professional configuration within a well-situated commercial setting.
Key Highlights
- Office suite includes two private offices
- Located just moments from the arts & entertainment district
- Plentiful street parking available for visitors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,671
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,420
$153.4K
Cap Rate 7%
$109,586
$109.6K
Cap Rate 9%
$85,233
$85.2K
Market Conditions
NOI Build-Up for 430 SF
Gross rent
$11.4K $26.40/SF
− Vacancy
−$1.1K −$2.61/SF
EGI
$10.2K $23.79/SF
− OpEx
−$2.6K −$5.95/SF
NOI
$7.7K $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%
$153,420
Cap Rate 7%
$109,586
Cap Rate 9%
$85,233
Alternative Uses
Best Use
Office B
$109.6K
$95.9K – $127.9K
NOI $7,671 @ 7.0% cap · market cap 383,550.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$135.0K
$118.1K – $157.5K
NOI $9,447 @ 7.0% cap · market cap 472,350.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,148
Businesses Nearby
Explore this area
Business Placement
Demographics for 93101, CA
30,513
Population
13,664
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
9,535
Density / Sq Mi
$79,868
Median Household Income
$42,614
Median Earnings
$2,109
Median Rent
$1,122,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Efficient suite features two private offices and relies on plentiful street parking for visitor convenience.
Where is this office unit located?
The property is located at 105-1525 State Street Santa Barbara, CA.
What are key features of this property?
This property features: Office suite includes two private offices; Located just moments from the arts & entertainment district; Plentiful street parking available for visitors
