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    826-836 N Milpas St, Unit Portfolio Santa Barbara, CA 93103

    For Sale
    $3,500,000

    Three retail buildings for sale in Santa Barbara, California.

    Property size:
    8,079 SF
    Lot size:
    0.60 Acres

    Property Features for 826-836 N Milpas St

    General Information

    Size
    8,079 SF
    Lot size
    0.60 Acres

    Source: GPS Commercial Real Estate Agent Pamela Scott

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Portfolio on Milpas Street

    Available for purchase is a portfolio of three single-story retail buildings, fully occupied. The properties include a strip center, a freestanding restaurant, and a laundromat. This is the first time the property has been on the market in fifty years. The property offers a solid return with upside potential. The property features below-market rents, below-replacement cost, and annual CPI increases. The property contains 8,079 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Barbara
    County
    Santa Barbara
    State
    California
    Longitude
    -119.6898862
    Latitude
    34.4301307

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    FAQs

    What type of property is this?
    Strip mall - Three retail buildings for sale in Santa Barbara, California.
    Where is this strip mall located?
    The property is located at 826-836 N Milpas St, Unit Portfolio Santa Barbara, CA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Rare opportunity to acquire 3 single-story retail buildings.; - 100% occupied, including a strip center, restaurant, and laundromat.; - Strong upside potential for increased returns.
    (805) 617-3844
    Request Owner's contact information
    826-836 N Milpas St, Unit Portfolio Santa Barbara, CA 93103
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    Realmo Value Estimation

    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.

    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.

    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
    826-836 N Milpas St, Unit Portfolio Santa Barbara, CA 93103
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