Retail Space with
For Sale
Contact for pricing
1221 State St Unit 14, Santa Barbara, CA 93101
Flexible storefront configuration includes a private restroom and dedicated storage area within Victoria Court.
Property Size800 SF
Days on Market84
Property Features for 1221 State St Unit 14
General Information
Standard status
Active
Size
800 SF
Property subtype
Commercial
Site & Location
Neighborhood
Downtown
Amenities
private restroom
storage area
Listing Agency:
Hayes Commercial Group
Listed By:
Naja Helmer
(213) 797-2453
Source:
Santaynezvalleyhomesforsale
Added: Aug 5
Changed: Oct 25
Last Checked: Oct 26 at 5:00PM
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 Hayes Commercial Group
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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 retail space at Victoria Court offers a flexible interior arrangement with a private restroom and a generous storage area. The layout may be divided to support different occupancy configurations.
The property is adjacent to a city lot and positioned in downtown Santa Barbara, with access to nearby restaurants, shops, and other amenities. Its storefront setting and adaptable layout provide practical features for a range of retail uses.
The property is adjacent to a city lot and positioned in downtown Santa Barbara, with access to nearby restaurants, shops, and other amenities. Its storefront setting and adaptable layout provide practical features for a range of retail uses.
Key Highlights
- Flexible retail layout within Victoria Court
- Private restroom included
- Generous storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,432
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,640
$248.6K
Cap Rate 7%
$177,600
$177.6K
Cap Rate 9%
$138,133
$138.1K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$19.2K $24.00/SF
− Vacancy
−$1.4K −$1.80/SF
EGI
$17.8K $22.20/SF
− OpEx
−$5.3K −$6.66/SF
NOI
$12.4K $15.54/SF
Area
Santa Barbara County, CA
Vacancy
7.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,640
Cap Rate 7%
$177,600
Cap Rate 9%
$138,133
Alternative Uses
Best Use
Retail
$177.6K
$155.4K – $207.2K
NOI $12,432 @ 7.0% cap · market cap 310,800.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$251.1K
$219.7K – $292.9K
NOI $17,576 @ 7.0% cap · market cap 439,400.00%
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
6,732
Businesses Nearby
233k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 26%
Groceries 20%
Shops & Services 16%
Leisure 16%
Ralphs
Groceries
46,819 visits/mo
0.3 miles
Marshalls
Apparel
37,135 visits/mo
0.3 miles
Metropolitan Fiesta 5 Theatre
Leisure
27,969 visits/mo
0.3 miles
Rusty's Pizza Parlor
Dining
12,585 visits/mo
0.4 miles
Wells Fargo
Shops & Services
12,320 visits/mo
0.2 miles
Demographics for 93101, CA
30,513
Population
13,664
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
9,535
Density / Sq Mi
$79,868
Median Household Income
$42,614
Median Earnings
$2,109
Median Rent
$1,122,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible storefront configuration includes a private restroom and dedicated storage area within Victoria Court.
Where is this retail space located?
The property is located at 1221 State St Unit 14 Santa Barbara, CA.
What are key features of this property?
This property features: Flexible retail layout within Victoria Court; Private restroom included; Generous storage area
