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Property profile & analytics
OFF-MARKET
Estimated value
$11,880,000
Office buildings
111 Victoria St Santa Barbara, CA 93101-2018
Individually Owned
Absentee Owner
Free & Clear
Property ID
US09-1310729
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Lot
0.27 ac (11,761 SF)
APN
029-071-023
UPID
US09-1310729
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Julian R. Davis, MD, MA Physician
-
Daniel R. Greenwald, MD Physician
-
UCLA Health Santa Barbara Primary & Specialty Care Medical Clinic
-
Dr. Frederic Kass Physician
-
UCLA Health Santa Barbara Cancer Care Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.88M
Owner & transaction history
Goleta Valley Professional Building
Goleta Valley Professional Building
since 2025
Last sale
$12.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Barbara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Barbara submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$11,145,000
ML approach
$8,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.88M
Range $10.69M – $13.07M · ±10% · vs last sale $12.25M (Dec 22 2021)
Last sale anchor
$12.25M
Dec 22 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$135,553
Tax year 2024
Assessed value
$12,818,900
Assessed 2024
Previous assessed
$12,818,900
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$2,288,880
Assessed improvement
$10,530,020
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Heating
NONE
Lot
0.27 ac (11,761 SF)
APN
029-071-023
UPID
US09-1310729
Jurisdiction
SANTA BARBARA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.27 ac
Current owner
From public records · entity-resolved
Goleta Valley Professional Building
Individual
Free & Clear · 0 yrs held
Mailing address
9595 WILSHIRE BLVD STE #711, BEVERLY HILLS, CA 90212-2514
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
$21,513,000
Goleta Valley Professional Building
Greenbridge Medical Center LLC
Grant Deed
—
May 16, 2025
—
1221 Victoria Court LP
—
Deed
related
$10,450,000 · Banc Of California NA
Aug 29, 2023
—
Greenbridge Medical Center LLC
—
Deed
related
$10,850,000 · Cathay Bank
Dec 22, 2021
$12,250,000
Greenbridge Medical Center LLC
Santa Barbara Investments II LLC
Grant Deed
$13,800,000 · Ladder Capital Finance LLC
Dec 16, 2014
$12,600,000
Investments Santa Barbara II
Sb & Cam Commercial Properties
Grant Deed
—
Oct 24, 2014
—
Sb Properties
Penfield & Smith Engineers INC
Quit Claim Deed
$6,400,000 · Montecito Bk&tr
Jul 7, 2006
—
Penfield & Smith Engineers INC
Owner,record
Grant Deed
related
—
Apr 5, 2005
—
Penfield & Smith Engineers INC
—
Trustees Deed
related
$4,225,000 · Santa Barbara Bank & Trust
—
—
Penfield & Smith Engineers INC
—
Deed Of Trust
related
$6,417,933 · Pacific Capital Bank NA
—
—
Penfield & Smith Engineers INC
—
Deed Of Trust
related
$1,275,000 · Pacific Capital Bank NA
—
—
Penfield & Smith Engineers INC
—
Deed Of Trust
related
$6,400,000 · Montecito Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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