Restaurant with Adjacent Parking
1212 South Broadway, Santa Maria, CA 93454
For Sale
Contact for pricing
The restaurant offering includes a separate parking parcel and is available for sale or lease.
Property Size5,400 SF
Price / SF$277.78
Days on Market21
Property Features for 1212 South Broadway
General Information
Standard status
Size
Property subtype
Listing Agency:
Santa Maria -Pacifica Commercial Realty
Listed By:
Mike Kelly · License CA #01800988
Source:
Crexi
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 5:20PM
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 Santa Maria -Pacifica Commercial Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property includes an approximately 5,400-square-foot building on a roughly 0.22-acre parcel. A separate, adjacent parking lot measures approximately 8,712 square feet, or 0.20 acre. The property is offered for sale or lease.
The site is near the Broadway and Stowell Road intersection in Santa Maria, California.
The site is near the Broadway and Stowell Road intersection in Santa Maria, California.
Key Highlights
- Approximately 5,400‑square‑foot restaurant building
- Restaurant parcel is approximately 0.22 acre
- Adjacent parking lot contains approximately 8,712 square feet on 0.20 acre
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,415
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,708,300
$1.7M
Cap Rate 7%
$1,220,214
$1.2M
Cap Rate 9%
$949,056
$949.1K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$123.1K $22.80/SF
− Vacancy
−$9.2K −$1.71/SF
EGI
$113.9K $21.09/SF
− OpEx
−$28.5K −$5.27/SF
NOI
$85.4K $15.82/SF
Area
Santa Maria, CA
Vacancy
7.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,708,300
Cap Rate 7%
$1,220,214
Cap Rate 9%
$949,056
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,415 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,734 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
134k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 36%
Hotels & Casinos 4%
Dollar Tree
Shops & Services
25,238 visits/mo
0.4 miles
Chevron
Shops & Services
23,774 visits/mo
0.3 miles
Starbucks
Dining
16,371 visits/mo
0.5 miles
ARCO
Shops & Services
16,174 visits/mo
0.3 miles
Dutch Bros. Coffee
Dining
14,837 visits/mo
0.5 miles
Demographics for 93454, CA
40,994
Population
12,413
Households
3.3
Avg Household Size
33
Median Age
18%
College-Educated
74%
High-School Grad
418.3 sq mi
ZIP Area
98
Density / Sq Mi
$84,178
Median Household Income
$34,883
Median Earnings
$1,750
Median Rent
$477,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Santa Barbara County, CA
Properties on Market for Conventional restaurants in Santa Barbara County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The restaurant offering includes a separate parking parcel and is available for sale or lease.
Where is this conventional restaurant located?
The property is located at 1212 South Broadway Santa Maria, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 5,400‑square‑foot restaurant building; Restaurant parcel is approximately 0.22 acre; Adjacent parking lot contains approximately 8,712 square feet on 0.20 acre
