Rail-Served Warehouse Manufacturing
For Sale
Contact for pricing
1200 La Brea Ave, Santa Maria, CA 93458
Rail-served warehouse and manufacturing facility with office space, secured yard, and nine roll-up doors.
Property Size51,837 SF
Lot Size7.13 Acres
Price / SF$279.72
Days on Market466
Property Features for 1200 La Brea Ave
General Information
Standard status
Active
Size
51,837 SF
Lot size
7.13 Acres
Property subtype
INDUSTRIAL
Zoning
M2-PD
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Stories
2
Properties For Sale
at 1200 La Brea Ave Contact us- Floor
- Bldg
- Size
- 51,837 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
1200 La Brea Ave
- +/- 45,147 SF Warehouse/Manufacturing (main warehouse and smaller outbuilding)
-...
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Listing Agency:
McCarty Davis Commercial Real Estate
(805) 543-1801
Listed By:
Steve Davis · License #01843738
(805) 704-5727
Source:
Moodyscre
Added: May 29, 2025
Changed: Aug 8
Last Checked: Jul 22 at 12:48PM
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 McCarty Davis Commercial Real Estate
Investment Insights
Based on property information with market context.
This rail-served warehouse and manufacturing facility includes a main warehouse plus a smaller outbuilding, along with approximately 6,690 square feet of office space. Some office area is located upstairs on a second floor. The property is set on a total 7.13-acre site and includes approximately 4 acres of secured yard.
The site is zoned M2-PD and features nine roll-up doors for loading and access.
A second-floor office configuration complements the warehouse layout, supporting onsite operations across both manufacturing and administrative functions.
The site is zoned M2-PD and features nine roll-up doors for loading and access.
A second-floor office configuration complements the warehouse layout, supporting onsite operations across both manufacturing and administrative functions.
Key Highlights
- +/- 45,147 SF warehouse/manufacturing space with an additional smaller outbuilding
- +/- 6,690 SF office space, with some offices upstairs on a second floor
- 7.13 AC total site with +/- 4 acres of secured yard
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
$549,623
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
3.79%
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%
$10,992,460
$11.0M
Cap Rate 7%
$7,851,757
$7.9M
Cap Rate 9%
$6,106,922
$6.1M
Market Conditions
NOI Build-Up for 51,837 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
$684.2K $13.20/SF
− Vacancy
−$37.6K −$0.73/SF
EGI
$646.6K $12.47/SF
− OpEx
−$97.0K −$1.87/SF
NOI
$549.6K $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%
$10,992,460
Cap Rate 7%
$7,851,757
Cap Rate 9%
$6,106,922
Alternative Uses
Best Use
Warehouse
$7.85M
$6.87M – $9.16M
NOI $549,623 @ 7.0% cap · market cap 3.79%
Second Best
Flex RnD
$7.60M
$6.65M – $8.87M
NOI $532,096 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$17.52M
$15.33M – $20.44M
NOI $1,226,173 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93458, CA
59,927
Population
14,433
Households
4.2
Avg Household Size
28
Median Age
9%
College-Educated
50%
High-School Grad
28.4 sq mi
ZIP Area
2,110
Density / Sq Mi
$73,518
Median Household Income
$30,278
Median Earnings
$1,825
Median Rent
$460,300
Median Home Value
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
- La Oaxaqueña — 600 W Enos Dr, Santa Maria, CA 93458
Frequently Asked Questions
What type of property is this?
Flex space - Rail-served warehouse and manufacturing facility with office space, secured yard, and nine roll-up doors.
Where is this flex space located?
The property is located at 1200 La Brea Ave Santa Maria, CA.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: +/- 45,147 SF warehouse/manufacturing space with an additional smaller outbuilding; +/- 6,690 SF office space, with some offices upstairs on a second floor; 7.13 AC total site with +/- 4 acres of secured yard
