Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    270 Storke Rd Goleta, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail property in Goleta, CA, currently 100% leased.

    Type:RETAIL
    Lot size:
    11.62 Acres
    Added:
    Aug 1, 2024
    Days on Market:
    638
    Last Refresh:
    Apr 5 at 9:53 pm

    Property Features for 270 Storke Rd

    General Information

    Standard status
    Active
    Lot size
    11.62 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 270 Storke Rd Contact us

    We can help!

    Listing Contact
    Justin Diem

    Listing agent Justin Diem

    Listing office Radius Commercial Real Estate

    Listing date Aug 1, 2024

    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 Radius Commercial Real Estate

    Overview

    Retail Property 100% Leased

    The retail property located in Goleta, CA, is currently 100% leased, indicating no current availability.
    Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Goleta
    County
    Santa Barbara
    State
    California
    Longitude
    -119.87
    Latitude
    34.4285

    Nearby Similar for Lease

    • $1.95 SF/Yr

      Goleta Warehouse Space Available

      Industrial/warehouse unit in Cabrillo Business Park, Goleta's Tech Corridor.
      289 Coromar Dr, Goleta, CA
      View Details
    • $0.90 SF/Yr

      Goleta Creative Office Space Available

      Creative office space featuring mountain views, natural light, and patio.
      147-153 Castilian Dr, Goleta, CA
      View Details
    • $2 SF/Yr

      Goleta Retail Space Available

      End cap retail space available for rent in Goleta.
      139-251 N Fairview Ave, Goleta, CA
      View Details
    • $1.65 SF/Yr

      Goleta Office Space For Rent

      Second floor office space available in Goleta, California.
      250 & 270 Storke Rd (Portfolio), Goleta, CA
      View Details
    • $2 SF/Yr

      Goleta Office Space For Rent

      Second floor office space available in Goleta, California.
      110 Castilian Dr, Goleta, CA
      View Details
    • $4 SF/Yr

      Retail Space on Pardall Road

      Retail space with potential for storefront windows and shared parking.
      6530 Pardall Rd, Goleta, CA
      View Details
    • $2 SF/Yr

      Goleta Office Space Available

      Office space available for lease in Goleta, California.
      5951 Encina Rd, Goleta, CA
      View Details
    • $1.85 SF/Yr

      Goleta Office Space For Rent

      Office suite available for rent in Goleta, California.
      5973 Encina Rd, Goleta, CA
      View Details
    • $2 SF/Yr

      Goleta Shopping Center For Rent

      26,620 SF shopping center with high visibility.
      185-187 S Patterson Ave, Goleta, CA
      View Details
    • $3 SF/Yr

      Goleta Retail/Restaurant Space Available

      Retail or restaurant space available for lease in Goleta.
      928-938 Embarcadero Del Norte, Goleta, CA
      View Details
    • $1.95 SF/Yr

      Goleta Office Space For Rent

      Office space with kitchenette and common amenities available for rent.
      6500 Hollister Ave, Goleta, CA
      View Details
    • $1.70 SF/Yr

      Goleta Warehouse Space Available

      12,252 SF warehouse space for lease in Goleta.
      165 Castilian Dr, Goleta, CA
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail property in Goleta, CA, currently 100% leased.
    Where is this retail property located?
    The property is located at 270 Storke Rd Goleta, CA.
    What are key features of this property?
    This property features: 100% Leased: Provides immediate and consistent income stream.; No Current Availability: Indicates high demand and occupancy.; Additional Property Details: Refer to provided details for specific features and amenities.
    (805) 879-9634 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Justin Diem
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!