Versatile Flex/Industrial Building on Large
2105 S Blosser, Santa Maria, CA 93458
For Sale
$4,185,000
20,544± sq. ft. flex/industrial building on 3.83 acres.
Property Size20,544 SF
Lot Size3.83 Acres
Price / SF$203.71
Days on Market198
Property Features for 2105 S Blosser
General Information
Standard status
Size
Lot size
Site & Location
Neighborhood
Listing Agency:
Rincon Corporation
Listed By:
Larry Lahr · License #00935487
(805) 896-4605
Source:
Myfabuloushome
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 7 at 5:35PM
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 Rincon Corporation
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Investment Insights
Based on property information with market context.
This property offers a 20,544± sq. ft. flex/industrial building on a 3.83 acre site. The property is located in Santa Maria, positioned on a four-lane arterial, offering visibility and access. The site includes three APNs and features CM zoning for the existing building and R-3 zoning for future residential development. Constructed in 1984, the two-story concrete tilt-up building includes 6,336± sq. ft. of office space and 14,208± sq. ft. of warehouse space, plus an additional 1,080± sq. ft. mezzanine. The warehouse has a 28-foot clear height and two grade-level roll-up doors. An elevator, interior, and exterior stairwells provide access throughout the building. Approximately 2.13 acres of vacant R-3 zoned land offers development potential. The bike score is 36, indicating it is somewhat bikeable, and the walk score is 21, indicating it is car-dependent.
Key Highlights
- Versatile 20,544± sq. ft. flex/industrial building on 3.83 acres.
- CM and R‑3 zoning allows for flex/industrial use and future residential development.
- Approximately 2.13 acres of vacant R‑3 zoned land provides significant development potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$210,880
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,217,600
$4.2M
Cap Rate 7%
$3,012,571
$3.0M
Cap Rate 9%
$2,343,111
$2.3M
Market Conditions
NOI Build-Up for 20,544 SF
Gross rent
$345.1K $16.80/SF
− Vacancy
−$20.7K −$1.01/SF
EGI
$324.4K $15.79/SF
− OpEx
−$113.6K −$5.53/SF
NOI
$210.9K $10.26/SF
Area
Santa Maria, CA
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,217,600
Cap Rate 7%
$3,012,571
Cap Rate 9%
$2,343,111
Alternative Uses
Best Use
Flex RnD
$3.01M
$2.64M – $3.51M
NOI $210,880 @ 7.0% cap · market cap 5.04%
Second Best
Industrial
$2.81M
$2.46M – $3.28M
NOI $196,729 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$6.94M
$6.07M – $8.10M
NOI $485,956 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 93458, CA
59,927
Population
14,433
Households
4.2
Avg Household Size
28
Median Age
9%
College-Educated
50%
High-School Grad
28.4 sq mi
ZIP Area
2,110
Density / Sq Mi
$73,518
Median Household Income
$30,278
Median Earnings
$1,825
Median Rent
$460,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Santa Barbara County, CA
Properties on Market for Flex space in Santa Barbara County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - 20,544± sq. ft. flex/industrial building on 3.83 acres.
Where is this flex space located?
The property is located at 2105 S Blosser Santa Maria, CA.
What is the asking price?
The asking price for this property is $4,185,000.
What are key features of this property?
This property features: Versatile 20,544± sq. ft. flex/industrial building on 3.83 acres.; CM and R‑3 zoning allows for flex/industrial use and future residential development.; Approximately 2.13 acres of vacant R‑3 zoned land provides significant development potential.
