Industrial Property with Large
For Sale
Contact for pricing
1105 S Blosser Rd, Santa Maria, CA
Single tenant industrial property featuring a large yard space.
Property Size15,400 SF
Lot Size1.07 Acres
Price / SF$311.69
Days on Market839
Property Features for 1105 S Blosser Rd
General Information
Standard status
Active
Size
15,400 SF
Lot size
1.07 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Hayes Commercial Group
(805) 898-4365
Listed By:
Francois DeJohn · License #CA01144570
(805) 898-4365
Source:
Moodyscre
Added: Apr 30, 2024
Changed: Aug 8
Last Checked: May 19 at 8:46PM
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
Investment Insights
Based on property information with market context.
This single-tenant industrial property features a large yard space. The building includes two restrooms, ceiling heights ranging from 10 to 20 feet, and three roll-up doors. The property is equipped with sprinklers and has a total size of 15,400 square feet.
Key Highlights
- Large yard space is a great feature.
- 3 roll‑up doors for easy access.
- 10'-20' ceilings.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$163,285
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,265,700
$3.3M
Cap Rate 7%
$2,332,643
$2.3M
Cap Rate 9%
$1,814,278
$1.8M
Market Conditions
NOI Build-Up for 15,400 SF
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.
Gross rent
$203.3K $13.20/SF
− Vacancy
−$11.2K −$0.73/SF
EGI
$192.1K $12.47/SF
− OpEx
−$28.8K −$1.87/SF
NOI
$163.3K $10.60/SF
Area
Santa Maria, CA
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,265,700
Cap Rate 7%
$2,332,643
Cap Rate 9%
$1,814,278
Alternative Uses
Best Use
Warehouse
$2.33M
$2.04M – $2.72M
NOI $163,285 @ 7.0% cap · market cap 3.40%
Second Best
Industrial
$2.11M
$1.84M – $2.46M
NOI $147,470 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$5.20M
$4.55M – $6.07M
NOI $364,278 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Brothers Best Produce — 1293 W Stowell Rd, Santa Maria, CA 93458
- Valley Central Cooling — 1317 W Stowell Rd, Santa Maria, CA 93458
- Lineage — 1315 S Blosser Rd, Santa Maria, CA 93458
- Arctic Cold, LLC. — 1349 La Brea Ave, Santa Maria, CA 93458
- The Tangster Self Storage Units — 1349 La Brea Ave, Santa Maria, CA 93458
Frequently Asked Questions
What type of property is this?
Warehouse - Single tenant industrial property featuring a large yard space.
Where is this warehouse located?
The property is located at 1105 S Blosser Rd Santa Maria, CA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Large yard space is a great feature.; 3 roll‑up doors for easy access.; 10'-20' ceilings.
