Freestanding Flex
1110 Mark Ave, Carpinteria, CA 93013
For Sale
Contact for pricing
Medical-grade laboratory improvements and on-site parking support a range of specialized commercial configurations.
Property Size24,200 SF
Days on Market43
Property Features for 1110 Mark Ave
General Information
Standard status
Size
Additional Details
Highway Access
Property Use
Listing Agency:
Hayes Commercial Group
(805) 563-2111
Listed By:
Francois DeJohn · License CA #01144570
(805) 898-4365
Source:
Exprealty
Added: Oct 2
Changed: Nov 6
Last Checked: Nov 12 at 8:27AM
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 freestanding flex property contains 24,200 square feet and includes medical-grade laboratory improvements. Its layout supports research and development, laboratory, industrial, and other specialized applications, with on-site parking as an additional building feature.
The property occupies a corner location in Carpinteria Business Park and offers access to US 101. The building’s configuration combines laboratory improvements with flexibility for multiple commercial uses.
The property occupies a corner location in Carpinteria Business Park and offers access to US 101. The building’s configuration combines laboratory improvements with flexibility for multiple commercial uses.
Key Highlights
- 24,200‑square‑foot freestanding flex building
- Medical‑grade laboratory improvements
- Corner location in Carpinteria Business Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,200
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,964,000
$3.0M
Cap Rate 7%
$2,117,143
$2.1M
Cap Rate 9%
$1,646,667
$1.6M
Market Conditions
NOI Build-Up for 24,200 SF
Gross rent
$246.8K $10.20/SF
− Vacancy
−$35.1K −$1.45/SF
EGI
$211.7K $8.75/SF
− OpEx
−$63.5K −$2.62/SF
NOI
$148.2K $6.12/SF
Area
Santa Barbara County, CA
Vacancy
14.23%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,964,000
Cap Rate 7%
$2,117,143
Cap Rate 9%
$1,646,667
Alternative Uses
Best Use
Flex RnD
$4.43M
$3.88M – $5.17M
NOI $310,303 @ 7.0% cap
Second Best
Industrial
$2.12M
$1.85M – $2.47M
NOI $148,200 @ 7.0% cap
Theoretical Best
Multifamily LT 5
$7.60M
$6.65M – $8.86M
NOI $531,677 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93013, CA
16,299
Population
7,640
Households
2.1
Avg Household Size
45
Median Age
46%
College-Educated
87%
High-School Grad
41.4 sq mi
ZIP Area
394
Density / Sq Mi
$115,633
Median Household Income
$49,017
Median Earnings
$2,331
Median Rent
$1,074,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Santa Barbara County, CA
Properties on Market for Flex space in Santa Barbara County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Medical-grade laboratory improvements and on-site parking support a range of specialized commercial configurations.
Where is this flex space located?
The property is located at 1110 Mark Ave Carpinteria, CA.
What are key features of this property?
This property features: 24,200‑square‑foot freestanding flex building; Medical‑grade laboratory improvements; Corner location in Carpinteria Business Park
