Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    50 Castilian Dr Goleta, CA 93117

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office/R&D building in Goleta's Tech hub, near US 101.

    Property Features for 50 Castilian Dr

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Liam Murphy
    Source: Exprealty

    Listing Agency: Hayes Commercial Group Listing Agent: Liam Murphy

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

    Learn more

    Overview

    Goleta Office/R&D Building For Sale

    This office/R&D building is situated in the Castilian Creative Campus, located in the heart of Goleta's Tech hub. The property is positioned close to US 101, Santa Barbara Airport, UCSB, and various retail amenities and shopping centers. The floors can be acquired separately or combined. The lobby areas, restrooms, showers, and kitchen/break areas have been pre-built to facilitate move-in. Additional tenant improvements can be discussed, including the potential addition of a roll-up door for R&D/lab space.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Goleta
    County
    Santa Barbara
    State
    California
    Longitude
    -119.8639081
    Latitude
    34.4344761

    Nearby Similar for Sale

    • Contact for pricing
      3,026 SF

      High-Profile Isla Vista Retail Space

      Prominent retail space ideal for restaurant or retail uses.
      900 Embarcadero Del Mar, Goleta, CA 93117
      View Details
    • Contact for pricing
      640 SF

      Goleta Retail Space Available

      Retail space in Isla Vista with high visibility and parking.
      900 Embarcadero Del Mar, Goleta, CA 93117
      View Details
    • Contact for pricing
      630 SF

      Goleta Retail/Office Space Available

      Open retail or office suite in dynamic Isla Vista location.
      900 Embarcadero Del Mar, Goleta, CA 93117
      View Details
    • $4,095,000

      Isla Vista Student Housing Asset

      Well-maintained ten-unit apartment building near UCSB campus.
      6597 Trigo Rd, Goleta, CA 93117
      View Details
    • $1,895,000

      Prime Corner Retail Property

      Retail property with three units in a prime location.
      310 Pine Ave, Goleta, CA 93117
      View Details
    • $5,550,000

      Goleta Multifamily Investment Opportunity

      19-unit apartment community in Old Town Goleta with upside potential.
      23 Magnolia Ave, Goleta, CA 93117
      View Details
    • Contact for pricing

      Goleta Warehouse and Office Space

      Flexible R&D/industrial/office space near the airport and UCSB.
      30 S La Patera Ln, Goleta, CA 93117
      View Details
    • Contact for pricing

      Remodeled Class A Office Building

      Class A office building in Santa Barbara tech and engineering market.
      125 Cremona Dr, Goleta, CA 93117
      View Details
    • Contact for pricing

      Creative Office Space For Sale

      Creative office space in Goleta's tech corridor.
      150 Castilian Dr, Goleta, CA 93117
      View Details
    • Contact for pricing

      Class A Office Suite

      High-quality office suite with amenities and convenient location.
      420 S Fairview Ave, Goleta, CA 93117
      View Details
    • $2,995,000

      Goleta Multifamily Property with Upside

      Six-unit multifamily property in Goleta with month-to-month leases.
      5859 Mandarin Dr, Goleta, CA 93117
      View Details
    • $4,550,000

      Isla Vista Multifamily Investment

      Five-unit multifamily property in Isla Vista near the beach.
      6591 Cordoba Rd, Goleta, CA 93117
      View Details

    FAQs

    What type of property is this?
    Office building - Office/R&D building in Goleta's Tech hub, near US 101.
    Where is this office building located?
    The property is located at 50 Castilian Dr Goleta, CA.
    What is the asking price?
    The asking price for this property is $1.72.
    What are key features of this property?
    This property features: - Located in Goleta's Tech Hub, close to US 101, Santa Barbara Airport, and UCSB.; - **Pre-built lobby, restrooms, showers, and kitchen/break areas for easy move-in.**; - Floors available separately or combined, offering flexible space options.
    Request Owner's contact information
    50 Castilian Dr Goleta, CA 93117
    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.
    50 Castilian Dr
    Goleta, CA 93117
    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
    50 Castilian Dr Goleta, CA 93117
    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!
    Listing Contact
    Liam Murphy
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.