Multi-Tenant Industrial
For Sale
$3,650,000
1213 S Blosser Road, Santa Maria, CA 93458
100% leased portfolio with four industrial buildings and fenced yard on two parcels at a corner site.
Property Size22,670 SF
Price / SF$161.01
Days on Market76
Property Features for 1213 S Blosser Road
General Information
Standard status
Active
Size
22,670 SF
Property subtype
Industrial
Amenities
3
Corner Lot.
Corner.
Listing Agency:
McCarty Davis, Inc.
(805) 543-1801
Listed By:
Steve Davis · License #01843738
(805) 704-5727
Source:
Xome
Added: Jun 25
Changed: Sep 8
Last Checked: Sep 8 at 5:04AM
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, Inc.
Investment Insights
Based on property information with market context.
1213–1217 S. Blosser is a 100% leased, multi-tenant industrial portfolio totaling about 22,670 square feet across four industrial buildings. The 1.94-acre site is split across two parcels and includes approximately 26,000 square feet of fenced yard for storage or operations.
The property is positioned at the high-visibility corner of South Blosser and West Stowell in Santa Maria, California.
This is an investor-oriented offering featuring a diversified tenant mix and an existing rent roll estimated at approximately 30% below market, creating a short- to medium-term mark-to-market industrial scenario based on the stated figures.
The property is positioned at the high-visibility corner of South Blosser and West Stowell in Santa Maria, California.
This is an investor-oriented offering featuring a diversified tenant mix and an existing rent roll estimated at approximately 30% below market, creating a short- to medium-term mark-to-market industrial scenario based on the stated figures.
Key Highlights
- 100% leased, 22,670 SF multi‑tenant industrial portfolio with four industrial buildings
- 1.94‑acre site at the high‑visibility corner of S. Blosser and W. Stowell
- Fenced yard offers +/− 26,000 SF on two parcels
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
$240,368
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
6.59%
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%
$4,807,360
$4.8M
Cap Rate 7%
$3,433,829
$3.4M
Cap Rate 9%
$2,670,756
$2.7M
Market Conditions
NOI Build-Up for 22,670 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
$299.2K $13.20/SF
− Vacancy
−$16.5K −$0.73/SF
EGI
$282.8K $12.47/SF
− OpEx
−$42.4K −$1.87/SF
NOI
$240.4K $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%
$4,807,360
Cap Rate 7%
$3,433,829
Cap Rate 9%
$2,670,756
Alternative Uses
Best Use
Warehouse
$3.43M
$3.00M – $4.01M
NOI $240,368 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.66M
$6.70M – $8.94M
NOI $536,245 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Well-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
- Arctic Cold, LLC. — 1349 La Brea Ave, Santa Maria, CA 93458
- The Tangster Self Storage Units — 1349 La Brea Ave, Santa Maria, CA 93458
- Lineage — 1315 S Blosser Rd, Santa Maria, CA 93458
- Brothers Best Produce — 1293 W Stowell Rd, Santa Maria, CA 93458
- Valley Central Cooling — 1317 W Stowell Rd, Santa Maria, CA 93458
Frequently Asked Questions
What type of property is this?
Warehouse - 100% leased portfolio with four industrial buildings and fenced yard on two parcels at a corner site.
Where is this warehouse located?
The property is located at 1213 S Blosser Road Santa Maria, CA.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: 100% leased, 22,670 SF multi‑tenant industrial portfolio with four industrial buildings; 1.94‑acre site at the high‑visibility corner of S. Blosser and W. Stowell; Fenced yard offers +/− 26,000 SF on two parcels
