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    2000 De La Vina Street, Santa Barbara, CA 93105

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    COMMERCIAL - SANTA BARBARA, CA

    Property size:
    1,530 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $4/SF
    Added:
    Nov 22, 2024
    Days on Market:
    539
    Last Refresh:
    May 15 at 6:06 pm

    Property Features for 2000 De La Vina Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Standard status
    Active
    APN
    025-302-016
    Size
    1,530 SF
    Lot size
    0.24 Acres

    Building Details

    Year built
    1940
    Floors in Building
    1

    We can help!

    Listing Contact
    Andrew Adler
    Andrew Adler

    Listing agent Andrew Adler License #01162080

    Listing office Century 21 Masters 1635 State St, Santa Barbara, CA

    Listing date Nov 22, 2024

    MLS# 24-3803

    Copyright © 2026 Santa Barbara Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility, signalized corner location at Mission and De La Vina.
    • Attractive and airy 752 S.F. patio included in lease at a reduced rate of $0.80/S.F.
    • Vanilla shell condition allows for customized design and build‑out.
    • Space is scheduled to meet basic plan check requirements with ADA compliant bathrooms and HVAC.
    • Long‑term lease opportunity.
    • Some on‑site parking with additional street parking.

    Overview

    A long-established restaurant location is available for lease. Situated on the corner of Mission and De La Vina, this high-visibility space will be delivered in vanilla shell condition. The space is scheduled to meet basic plan check requirements, including ADA-compliant bathrooms and HVAC. The property features an attractive and airy ground-level patio. Some on-site parking is available, along with additional street parking. New roof and other improvements are planned. The interior space measures 1,530 square feet, and the patio is 752 square feet. The property is zoned C-2 and sits on a lot of approximately 0.24 acres. The total monthly rent is approximately $6,585.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Derf's Café Restaurant

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Pharmacy

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

    Similar Places Nearby

    • Parish Kitchen Cafe — 3225 Calle Pinon, Santa Barbara, CA 93105
    • Reed's Private Chef & Catering — 2611 De La Vina St, Santa Barbara, CA 93105
    • A Savory Fare — 2611 De La Vina St, Santa Barbara, CA 93105
    • El Pastorcito Catering — 1919 De La Vina St, Santa Barbara, CA 93101

    Location Insight

    • Map
    • Local Demand
    City
    Santa Barbara
    County
    Santa Barbara
    State
    California
    Longitude
    -119.716892
    Latitude
    34.429026

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    FAQs

    What type of property is this?
    Restaurant - High-visibility restaurant space with patio on signalized corner.
    Where is this restaurant located?
    The property is located at 2000 De La Vina Street Santa Barbara, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: High‑visibility, signalized corner location at Mission and De La Vina.; Attractive and airy 752 S.F. patio included in lease at a reduced rate of $0.80/S.F.; Vanilla shell condition allows for customized design and build‑out.
    (805) 722-2640
    We can help!
    Listing Contact
    Andrew Adler
    Andrew Adler
    Real Estate License ID: 01162080
    Learn More
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    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.

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