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

    2407 S Broadway Santa Maria, CA 93454

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail property in Santa Maria, currently 100% leased.

    Lot size:
    0.18 Acres

    Property Features for 2407 S Broadway

    General Information

    Lot size
    0.18 Acres

    We can help!

    Listing Contact
    Darren Bovard
    Source: Moodyscre

    Listing Agency: NewMark Merrill Listing Agent: Darren Bovard

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

    Learn more

    Property Insight Report

    Overview

    Fully Leased Santa Maria Retail

    The retail property is located in Santa Maria, California. It is currently 100% leased and has no current availability.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Natural Cafe Cafe & Coffee Shop Santa Maria Commons Shopping Center & Mall

    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.

    Similar Places Nearby

    The Atrium Santa Maria, Town Center East Mall, Sunglass Hut at Macy's, Santa Maria Shopping Center, Black Friday Furniture & Mattress

    Location Insight

    • Map
    • Local Demand
    City
    Santa Maria
    County
    Santa Barbara
    State
    California
    Longitude
    -120.436333
    Latitude
    34.915424

    Nearby Similar for Lease

    • Contact for pricing
      11,950 SF

      Retail Space in Town Center

      Second-generation retail space in a busy shopping center.
      345 Town Ctr West, Santa Maria, CA 93454
      View Details
    • Contact for pricing
      5,250 SF

      Restaurant Space in Santa Maria

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

      Retail Space in New Development

      Shell condition retail space in Santa Maria's Elements development.
      3519 Mercury Dr, Santa Maria, CA 93455
      View Details
    • Contact for pricing

      Santa Maria Office Space Available

      High-end office space in shell condition near Santa Maria Airport.
      3250 Skyway Dr, Santa Maria, CA 93455
      View Details
    • Contact for pricing

      Retail Space in Santa Maria

      Retail space available in a vibrant shopping center.
      560 S Blosser Rd, Santa Maria, CA 93458
      View Details
    • Contact for pricing

      Santa Maria Office Space Available

      First floor office suites in professional building for lease.
      2353 S Broadway St, 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 Ctr West, Santa Maria, CA 93454
      View Details
    • Contact for pricing

      Professional Office Space Available

      Well-appointed office space in a prime Santa Maria location.
      1414 S Miller St, Santa Maria, CA 93454
      View Details
    • Contact for pricing

      Restaurant Space in Santa Maria

      Fully built-out restaurant space in downtown Santa Maria.
      229 Town Ctr West, Santa Maria, CA 93454
      View Details
    • Contact for pricing

      Retail Pad in Skyway Center

      2,800 SF retail pad available for lease.
      3596 Skyway Dr, Santa Maria, CA 93455
      View Details
    • Contact for pricing

      Santa Maria Office Space Available

      First floor office suites in professional building for lease.
      2353 S Broadway St, Santa Maria, CA 93454
      View Details
    • Contact for pricing
      5,435 SF

      Retail and Restaurant Space Available

      Freestanding commercial building with drive-thru, restaurant, and retail opportunities.
      2770 Santa Maria Way, Santa Maria, CA 93455
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail property in Santa Maria, currently 100% leased.
    Where is this shopping center located?
    The property is located at 2407 S Broadway Santa Maria, CA.
    What are key features of this property?
    This property features: - 100% Leased; - No Current Availability
    (818) 710-6100 Call to check price and availability
    Request Owner's contact information
    2407 S Broadway Santa Maria, CA 93454
    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.
    2407 S Broadway
    Santa Maria, CA 93454
    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
    2407 S Broadway Santa Maria, CA 93454
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Darren Bovard
    (818) 710-6100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!