Second-Floor Office
For Sale
Contact for pricing
209-222 E Carrillo Street, Santa Barbara, CA 93102
Class A workspace in the downtown business core, with access to both secured underground and surface parking.
Property Size1,891 SF
Days on Market33
Property Features for 209-222 E Carrillo Street
General Information
Standard status
Active
Size
1,891 SF
Class
Class A
Site & Location
Neighborhood
Downtown
Highway Access
Yes
Additional Details
Floor
2
Property Use
Office
Listing Agency:
Hayes Commercial Group
(805) 563-2111
Listed By:
Greg Bartholomew · License #1131126
(805) 252-9334
Source:
Exprealty
Added: Oct 5
Changed: Nov 3
Last Checked: Nov 4 at 7:28PM
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 1,891-square-foot Class A office suite occupies the second floor of an office building. Parking options include secured subterranean spaces and a surface lot for visitors.
The property sits in downtown Santa Barbara among financial institutions, law firms, and the county courthouse. State Street amenities are three blocks away, and US 101 access is less than a mile from the building.
The property sits in downtown Santa Barbara among financial institutions, law firms, and the county courthouse. State Street amenities are three blocks away, and US 101 access is less than a mile from the building.
Key Highlights
- 1,891‑square‑foot second‑floor office suite
- Class A office space
- Secured subterranean parking and surface parking for clients and visitors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,735
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,700
$674.7K
Cap Rate 7%
$481,929
$481.9K
Cap Rate 9%
$374,833
$374.8K
Market Conditions
NOI Build-Up for 1,891 SF
Gross rent
$49.9K $26.40/SF
− Vacancy
−$4.9K −$2.61/SF
EGI
$45.0K $23.79/SF
− OpEx
−$11.2K −$5.95/SF
NOI
$33.7K $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%
$674,700
Cap Rate 7%
$481,929
Cap Rate 9%
$374,833
Alternative Uses
Best Use
Office B
$481.9K
$421.7K – $562.3K
NOI $33,735 @ 7.0% cap · market cap 1,686,750.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$593.5K
$519.3K – $692.4K
NOI $41,545 @ 7.0% cap · market cap 2,077,250.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,343
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Class A workspace in the downtown business core, with access to both secured underground and surface parking.
Where is this office unit located?
The property is located at 209-222 E Carrillo Street Santa Barbara, CA.
What are key features of this property?
This property features: 1,891‑square‑foot second‑floor office suite; Class A office space; Secured subterranean parking and surface parking for clients and visitors
