Industrial Warehouse with Secured
115 W Chapel St Santa Maria, CA 93458
For Sale
Contact for pricing
Warehouse property includes a secured yard with alley access and sliding industrial door, plus 12 off-street parking spaces.
Property Size5,000 SF
Lot Size0.33 Acres
Price / SF$199
Days on Market457
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 Agency:
McCarty Davis Commercial Real Estate
(805) 543-1801
Listed By:
Steve McCarty · License #01843738
Source:
Moodyscre
Added: Apr 29, 2025
Changed: Jul 29
Last Checked: Jul 29 at 6:09AM
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
Investment Insights
Based on property information with market context.
This industrial warehouse property features an approximately 5,000 square foot building on an approximately 14,375 square foot parcel. A key improvement is a roughly 2,151 square foot secured yard with alley access, served by a sliding industrial door into the yard area.
The property is zoned C2 and located within the Downtown Specific Plan, Bungalow District. It also provides 12 off-street parking spaces, supporting on-site staging and employee parking.
The parcel is identified as APN 119-275-017. The overall configuration combines warehouse space with a dedicated secured outdoor yard for storage and controlled access needs.
The property is zoned C2 and located within the Downtown Specific Plan, Bungalow District. It also provides 12 off-street parking spaces, supporting on-site staging and employee parking.
The parcel is identified as APN 119-275-017. The overall configuration combines warehouse space with a dedicated secured outdoor yard for storage and controlled access needs.
Key Highlights
- +/- 5,000 SF building on a +/- 14,375 SF parcel (APN: 119‑275‑017).
- +/- 2,151 SF secured yard with alley access for secure operations.
- Sliding industrial door providing access to the secured yard space.
Financial Insights For Warehouse
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 | $66.0k | $13.20 |
| − Vacancy | −$3.6k | −$0.73 |
| EGI | $62.4k | $12.47 |
| − OpEx | −$9.4k | −$1.87 |
| NOI | $53.0k | $10.60 |
5,000 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$757.4K
$662.7K – $883.6K
NOI $53,015 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,272 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Central Coast Moving & Storage — 614 S Broadway, Santa Maria, CA 93454
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property includes a secured yard with alley access and sliding industrial door, plus 12 off-street parking spaces.
Where is this warehouse located?
The property is located at 115 W Chapel St Santa Maria, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: +/- 5,000 SF building on a +/- 14,375 SF parcel (APN: 119‑275‑017).; +/- 2,151 SF secured yard with alley access for secure operations.; Sliding industrial door providing access to the secured yard space.
