High-Ceiling Retail
New
For Sale
Contact for pricing
191 N Fairview Ave, Goleta, CA 93117
The space includes showers, sports courts, lounges, prominent signage and rear loading access.
Property Size25,348 SF
Days on Market4
Property Features for 191 N Fairview Ave
General Information
Standard status
Active
Size
25,348 SF
Additional Details
Anchor Co-Tenants
Sprouts, Michael's, Miners Hardware, Starbucks, Jersey Mike's, Chicken Ranch, Wells Fargo, U.S. Bank
Amenities
showers
sports courts
multiple lounges
prominent signage
high ceilings
rear access for loading
Listing Agency:
Hayes Commercial Group
(805) 563-2111
Listed By:
Kris Roth
(805) 898-4361
Source:
Exprealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:22PM
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 25,348-square-foot retail space at 191 N Fairview Ave in Goleta features high ceilings and rear loading access. On-site amenities include showers, sports courts and multiple lounges, with prominent signage also available.
The property is part of Fairview Shopping Center, a grocery-anchored center with Sprouts, Michael’s and Miners Hardware. Other businesses in the center include Starbucks, Jersey Mike’s, Chicken Ranch, Wells Fargo and U.S. Bank.
The property is part of Fairview Shopping Center, a grocery-anchored center with Sprouts, Michael’s and Miners Hardware. Other businesses in the center include Starbucks, Jersey Mike’s, Chicken Ranch, Wells Fargo and U.S. Bank.
Key Highlights
- 25,348 square feet of retail space
- Located in Fairview Shopping Center, anchored by Sprouts
- Showers, sports courts and multiple lounges
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$393,908
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,878,160
$7.9M
Cap Rate 7%
$5,627,257
$5.6M
Cap Rate 9%
$4,376,756
$4.4M
Market Conditions
NOI Build-Up for 25,348 SF
Gross rent
$608.4K $24.00/SF
− Vacancy
−$45.6K −$1.80/SF
EGI
$562.7K $22.20/SF
− OpEx
−$168.8K −$6.66/SF
NOI
$393.9K $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%
$7,878,160
Cap Rate 7%
$5,627,257
Cap Rate 9%
$4,376,756
Alternative Uses
Best Use
Retail
$5.63M
$4.92M – $6.57M
NOI $393,908 @ 7.0% cap · market cap 19,695,400.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$7.96M
$6.96M – $9.28M
NOI $556,899 @ 7.0% cap · market cap 27,844,950.00%
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
1,102
Businesses Nearby
361k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 31%
Groceries 30%
Dining 29%
Home Improvements & Furnishings 7%
Trader Joe's
Groceries
48,119 visits/mo
0.4 miles
Albertsons
Groceries
31,234 visits/mo
0.3 miles
McDonald's
Dining
28,894 visits/mo
0.5 miles
Sprouts Farmers Market
Groceries
28,846 visits/mo
0.1 miles
Michaels
Shops & Services
27,832 visits/mo
0.1 miles
Demographics for 93117, CA
53,430
Population
18,208
Households
2.9
Avg Household Size
28
Median Age
49%
College-Educated
90%
High-School Grad
168.1 sq mi
ZIP Area
318
Density / Sq Mi
$85,711
Median Household Income
$28,542
Median Earnings
$1,980
Median Rent
$1,021,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - The space includes showers, sports courts, lounges, prominent signage and rear loading access.
Where is this retail space located?
The property is located at 191 N Fairview Ave Goleta, CA.
What are key features of this property?
This property features: 25,348 square feet of retail space; Located in Fairview Shopping Center, anchored by Sprouts; Showers, sports courts and multiple lounges
