Creative Office Space with
For Sale
Contact for pricing
826 De La Vina St, Santa Barbara, CA 93101
Rebuilt commercial interior with barrel ceilings, storefront access, HVAC, and two ADA restrooms.
Property Size2,600 SF
Days on Market796
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Property Features for 826 De La Vina St
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Commercial
Amenities
high barrel ceilings
storefront entry
skylights
two ADA restrooms (one with shower)
alarm system
full networking
HVAC
Listing Agency:
Radius Group Commercial R.E.
Listed By:
Brad Frohling · License #01323736
(805) 965-5500
Source:
Santabarbarahomesearcher
Added: Aug 11, 2024
Changed: Oct 15
Last Checked: Oct 14 at 11:03PM
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 Radius Group Commercial R.E.
Investment Insights
Based on property information with market context.
This 2,600-square-foot creative space at 826 De La Vina St features a fully rebuilt interior with high barrel ceilings, skylights, and a storefront entry. The property includes two ADA restrooms, including one with a shower, along with HVAC, full networking, and an alarm system.
Located in downtown Santa Barbara, the space combines a distinctive architectural interior with updated building systems. The complete reconstruction reached the studs and was completed several years ago, providing a refreshed setting for office-oriented commercial use.
Located in downtown Santa Barbara, the space combines a distinctive architectural interior with updated building systems. The complete reconstruction reached the studs and was completed several years ago, providing a refreshed setting for office-oriented commercial use.
Key Highlights
- 2,600 SF creative space in downtown Santa Barbara
- Fully rebuilt to the studs several years ago
- High barrel ceilings, skylights, and storefront entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,383
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,660
$927.7K
Cap Rate 7%
$662,614
$662.6K
Cap Rate 9%
$515,367
$515.4K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$68.6K $26.40/SF
− Vacancy
−$6.8K −$2.61/SF
EGI
$61.8K $23.79/SF
− OpEx
−$15.5K −$5.95/SF
NOI
$46.4K $17.84/SF
Area
Santa Barbara County, CA
Vacancy
9.90%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,660
Cap Rate 7%
$662,614
Cap Rate 9%
$515,367
Alternative Uses
Best Use
Office B
$662.6K
$579.8K – $773.1K
NOI $46,383 @ 7.0% cap · market cap 2,319,150.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$816.0K
$714.0K – $952.0K
NOI $57,122 @ 7.0% cap · market cap 2,856,100.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,249
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Creative space - Rebuilt commercial interior with barrel ceilings, storefront access, HVAC, and two ADA restrooms.
Where is this creative space located?
The property is located at 826 De La Vina St Santa Barbara, CA.
What are key features of this property?
This property features: 2,600 SF creative space in downtown Santa Barbara; Fully rebuilt to the studs several years ago; High barrel ceilings, skylights, and storefront entry
