Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Building in Orcutt Hills Title is generated by Realmo AI

    1606 E CLARK AVE, Santa Maria, CA 93455

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Leased retail building in a high-traffic area.

    Type:Retail
    Property size:
    4,500 SF
    Price / SF:
    $744/SF
    Added:
    May 11, 2026
    Days on Market:
    21
    Last Refresh:
    May 14 at 9:31 pm

    Property Features for 1606 E CLARK AVE

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2019

    We can help!

    Listing Contact
    Mike Kelly

    Listing agent Mike Kelly License #CA 01800988

    Listing office Santa Maria -Pacifica Commercial Realty

    Listing date May 11, 2026

    Source Crexi

    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 Santa Maria -Pacifica Commercial Realty

    HighLights

    • 100% Leased: Provides immediate income.
    • Prime Location: High visibility in Orcutt Hills Plaza near Clark Ave and US 101.
    • Strong Tenant Mix: Home to Cottage Urgent Care and Epic Spa.
    • New Construction: Built in 2019.
    • Growing Area: New Starbucks and Chevron, plus planned retail development.
    • High Traffic Area: Benefits from traffic to Grocery Outlet and Verizon.

    Overview

    This newer retail building is located in the Orcutt Hills Plaza, situated between Verizon Wireless and Grocery Outlet. The building is fully leased and currently occupied by Cottage Urgent Care and Epic Spa. Orcutt Hills Plaza serves as a central point for local Orcutt residents and travelers, benefiting from its proximity to the US 101 Freeway and visibility from Clark Avenue. The area is experiencing new commercial development, including a Starbucks and Chevron gas station. There are also plans for another 248,000 square feet of commercial retail development directly across Clark Avenue. The building has a size of 4,500 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Maria
    County
    Santa Barbara
    State
    California
    Longitude
    -120.4005556
    Latitude
    34.862513

    Nearby Similar for Sale

    • $695,000
      1,402 SF

      Unique Santa Maria Office Opportunity

      Converted office with character, suitable for various professional services.
      117 E Fesler Street, Santa Maria, CA 93454
      View Details
    • $848,000
      2,340 SF

      Santa Maria Professional Office Building

      Professional office building in Santa Maria with flexible layout.
      504 E Church, Santa Maria, CA 93454
      View Details
    • $1,150,000
      1,660 SF

      Income-Producing Commercial/Manufacturing Property

      Income property with shop, yard, and potential additional unit.
      285 Dal Porto Lane, Santa Maria, CA 93458
      View Details
    • $848,000
      3,342 SF

      Santa Maria Medical/Dental Office Building

      Turnkey medical/dental office building in Santa Maria, California.
      504 E Church, Santa Maria, CA 93454
      View Details
    • $1,725,000
      8,295 SF

      Versatile Commercial Property with Yard

      8,295 SF commercial property with flexible layout and yard.
      2325 A St, Santa Maria, CA 93455
      View Details
    • $1,148,888
      2,421 SF

      Remodeled Triplex in Orcutt

      Rare opportunity: remodeled home plus two new units for income.
      1172 E Rice Ranch Road, Santa Maria, CA 93455
      View Details
    • $400,000

      Medical Office Suite For Sale

      Efficient medical office suite with convenient patient access.
      821 E Chapel St 102, Santa Maria, CA 93454
      View Details
    • $2,500,000
      5,000 SF

      Santa Maria Retail Investment Opportunity

      High-visibility retail building on a large corner lot.
      112 South Broadway, Santa Maria, CA 93454
      View Details
    • $1,750,000
      8,000 SF

      Commercial Building on Orcutt Road

      8,000 sqft commercial building on 0.84 acre lot.
      3389 ORCUTT RD, SANTA MARIA, CA
      View Details
    • $1,895,000

      Established Self-Storage Facility Opportunity

      4.07-acre self-storage facility with outside and inside units.
      4050 Foxen Canyon Road, Santa Maria, CA 93454
      View Details
    • Contact for pricing
      9,122 SF

      Santa Maria Retail Investment Opportunity

      100% occupied retail property with value-add potential in Santa Maria.
      508 W Main St, Santa Maria, CA 93458
      View Details
    • $9,500,000

      Furnished Santa Maria Workforce Housing

      Four-acre property with 100 cottages, ideal for workforce housing.
      1324 N Broadway, SANTA MARIA, CA 93454
      View Details

    FAQs

    What type of property is this?
    Retail space - Leased retail building in a high-traffic area.
    Where is this retail space located?
    The property is located at 1606 E CLARK AVE Santa Maria, CA.
    What is the asking price?
    The asking price for this property is $3,350,000.
    What are key features of this property?
    This property features: 100% Leased: Provides immediate income.; Prime Location: High visibility in Orcutt Hills Plaza near Clark Ave and US 101.; Strong Tenant Mix: Home to Cottage Urgent Care and Epic Spa.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Kelly
    Real Estate License ID: CA 01800988
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1606 E CLARK AVE, SANTA MARIA, CA 93455
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!