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

    854 N Broadway Santa Maria, CA

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

    Retail space available near future La Princesa Market.

    Type:RETAIL
    Property size:
    7,200 SF
    Lot size:
    1.34 Acres
    Added:
    Jul 6, 2022
    Days on Market:
    1397
    Last Refresh:
    Apr 5 at 11:28 pm

    Property Features for 854 N Broadway

    General Information

    Standard status
    Active
    Size
    7,200 SF
    Lot size
    1.34 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 854 N Broadway Contact us

    We can help!

    Listing Contact
    Pamela Scott

    Listing agent Pamela Scott

    Listing office GPS Commercial Real Estate

    Listing date Jul 6, 2022

    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 GPS Commercial Real Estate

    Overview

    Retail Space Near La Princesa

    This retail opportunity is anchored by a supermarket building, soon to be occupied by La Princesa Market. The existing zoning allows for a multitude of uses, including fast food drive-through (with CUP), restaurants, medical facilities, financial institutions, or fitness centers. The property offers 7,200 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Gateway Plaza — 2004 Preisker Ln, Santa Maria, CA 93454
    • Coinstar Kiosk | Bitcoin ATM — Save Mart, 1870 N Broadway, Santa Maria, CA 93454
    • North Broadway Plaza Shopping Center — 1830 N Broadway, Santa Maria, CA 93454
    • Coin Cloud Bitcoin ATM — 1875 N Broadway, Santa Maria, CA 93454

    Location Insight

    • Map
    • Local Demand
    City
    Santa Maria
    County
    Santa Barbara
    State
    California
    Longitude
    -120.436
    Latitude
    34.9436

    Nearby Similar for Lease

    • Contact for pricing

      Turn-Key Building in Central Location

      Turn-key building with renovation, parking, and flexible zoning potential.
      135 Carmen Ln, Santa Maria, CA 93458
      View Details
    • Contact for pricing

      Restaurant Space in Santa Maria

      Fully built-out restaurant space in a central, accessible location.
      229 Town Center West, Santa Maria, CA 93454
      View Details
    • Contact for pricing

      Retail Space in Town Center

      Second-generation retail space in a busy shopping center.
      345 Town Center West, Santa Maria, CA 93454
      View Details
    • $1.50 SF/Yr

      Santa Maria Retail Space Available

      Retail space for lease in Santa Maria Commerce Center.
      230-238 Betteravia Rd, Santa Maria, CA
      View Details
    • Contact for pricing

      Santa Maria Restaurant Space Available

      Turn-key restaurant space in high-profile Santa Maria area.
      1414 S Miller St E-F, Santa Maria, CA 93454
      View Details
    • $11,665/Mo

      Commercial Property for Rent

      Commercial property available for lease in Santa Maria, California.
      135 Carmen Lane, Santa Maria, CA 93458
      View Details
    • $2 SF/Yr

      Santa Maria Office Space Available

      Office spaces available from 1,000 to 5,812 square feet.
      3250 Skyway Dr, Santa Maria, CA
      View Details
    • Contact for pricing

      Fair Sky Park Office Suite

      Office suite with private offices, conference room, and restrooms.
      2601 Skyway Dr, Santa Maria, CA 93455
      View Details
    • $1.75 SF/Yr

      Retail Space in Santa Maria

      Retail space available in a vibrant shopping center.
      450 S Blosser Rd, Santa Maria, CA
      View Details
    • $9,450/Mo

      Santa Maria Warehouse with Mezzanine

      Warehouse space with mezzanine, rollup doors, and small office.
      1213 S Blosser Rd, Santa Maria, CA
      View Details
    • Contact for pricing

      Prime Retail Space Available

      High-visibility retail space near Highway 101 and Marian Regional
      1201 E Main St, Santa Maria, CA
      View Details
    • $2.00 SF/Yr

      Stand-Alone Office Building For Rent

      Stand-alone office building with on-site parking in Santa Maria.
      2353 S Broadway, Santa Maria, CA
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available near future La Princesa Market.
    Where is this shopping center located?
    The property is located at 854 N Broadway Santa Maria, CA.
    What are key features of this property?
    This property features: Anchored by La Princesa Market supermarket; Existing zoning allows for a multitude of uses; Opportunity for fast food drive thru (with CUP)
    (805) 617-3844 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Pamela Scott
    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

    Thank You for Inquiry

    854 N Broadway, Santa Maria, CA

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!