Retail Space with
For Sale
Contact for pricing
14-1221 State St, Santa Barbara, CA 93101
Flexible storefront configuration with a private restroom, substantial storage, and potential divisibility for different space requirements.
Property Size800 SF
Days on Market56
Property Features for 14-1221 State St
General Information
Standard status
Active
Size
800 SF
Site & Location
Neighborhood
Lower State
Amenities
private restroom
generous storage area
Listing Agency:
Hayes Commercial Group
(805) 563-2111
Listed By:
Naja Helmer
(213) 797-2453
Source:
Exprealty
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 26 at 10:06PM
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
Ask AI about this property
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 features a flexible interior arrangement, a private restroom, and a generous storage area. The configuration may be divisible, providing options for occupants with different space requirements.
The property is located at 14-1221 State St in downtown Santa Barbara, adjacent to a city lot. Its setting provides access to downtown restaurants, shops, and other amenities.
The property is located at 14-1221 State St in downtown Santa Barbara, adjacent to a city lot. Its setting provides access to downtown restaurants, shops, and other amenities.
Key Highlights
- Flexible retail layout at 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
Current Use
Location Intelligence
Trade Area within ½ mile
2,550
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 60%
Dining 29%
Hotels & Casinos 8%
Shops & Services 3%
REI
Apparel
18,434 visits/mo
0.4 miles
Rusty's Pizza Parlor
Dining
10,141 visits/mo
0.2 miles
The Waterman
Hotels & Casinos
2,677 visits/mo
0.3 miles
DTLR/VILLA
Apparel
2,371 visits/mo
0.2 miles
Caliber Collision
Shops & Services
1,081 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible storefront configuration with a private restroom, substantial storage, and potential divisibility for different space requirements.
Where is this retail space located?
The property is located at 14-1221 State St Santa Barbara, CA.
What are key features of this property?
This property features: Flexible retail layout at Victoria Court; Private restroom included; Generous storage area
