115 W Chapel St, Santa Maria, CA
5,000 SF flex/industrial building with secured yard.
- Added:
- Apr 29, 2025
- Days on Market:
- 427
- Last Refresh:
- May 19 at 8:26 pm
Property Features for 115 W Chapel St
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.33 Acres
- Property subtype
- INDUSTRIAL
Listing office McCarty Davis Commercial Real Estate (805) 543-1801
Listing date Apr 29, 2025
Source Moodyscre
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 McCarty Davis Commercial Real Estate
HighLights
- Large +/- 5,000 SF building on a +/- 14,375 SF parcel.
- Secured yard of +/- 2,151 SF with alley access and sliding industrial door.
- 12 off‑street parking spaces.
- C2 Zoning within the Downtown Specific Plan and Bungalow District.
- Alley access.
- APN: 119‑275‑017
Overview
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.0k | $16.80 |
| − Vacancy | −$5.0k | −$1.01 |
| EGI | $79.0k | $15.79 |
| − OpEx | −$27.6k | −$5.53 |
| NOI | $51.3k | $10.26 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Dianna — 351 N Blosser Rd, Santa Maria, CA 93458
Location Insight
- Map
- Local Demand
- City
- Santa Maria
- County
- Santa Barbara
- State
- California
- Longitude
- -120.437
- Latitude
- 34.9546
