Mixed-Use Shopping Center For
For Sale
Contact for pricing
2125 S BROADWAY, Santa Maria, CA 93454
Mixed-use shopping center on Broadway & Betteravia corner.
Property Size36,241 SF
Lot Size2.64 Acres
Price / SF$303.52
Days on Market97
Property Features for 2125 S BROADWAY
General Information
Standard status
Active
Size
36,241 SF
Lot size
2.64 Acres
Property subtype
Retail, Office
Zoning
PD/C-2
Occupancy
88%
Lease Type
Gross
Building Details
Year Built
2012
Buildings
5
Tenancy
Multi
Listing Agency:
Santa Maria -Pacifica Commercial Realty
Listed By:
Mike Kelly · License #CA 01800988
Source:
Crexi
Added: May 26
Changed: Aug 16
Last Checked: Aug 29 at 9:46AM
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
Investment Insights
Based on property information with market context.
Pine Tree Plaza is a mixed-use shopping center with approximately 36,241 square feet of building area. It is situated on three parcels totaling approximately 2.64 acres of land, located on the corner of Broadway and Betteravia in Santa Maria, CA. The property consists of multiple buildings. Building A, suites 101-104, contains 5 commercial suites and has approximately 9,200 square feet. Building B, suites 105-108 and 205, features 4 commercial suites plus 1 upstairs office/residential suite, totaling approximately 12,776 square feet. Building C, suites 109-112, includes 4 commercial suites and has approximately 7,625 square feet. Building D, suite 113, contains 1 upstairs office/residential suite plus 2 garages, totaling approximately 3,000 square feet. Additionally, there is a free-standing automotive accessories building with approximately 3,640 square feet.
Key Highlights
- Mixed‑use shopping center with +/-36,241 SF of building area
- Located on the corner of Broadway & Betteravia
- +/-2.64 acres of land
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$501,387
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,027,740
$10.0M
Cap Rate 7%
$7,162,671
$7.2M
Cap Rate 9%
$5,570,967
$5.6M
Market Conditions
NOI Build-Up for 36,241 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$782.8K $21.60/SF
− Vacancy
−$66.5K −$1.84/SF
EGI
$716.3K $19.76/SF
− OpEx
−$214.9K −$5.93/SF
NOI
$501.4K $13.83/SF
Area
Santa Maria, CA
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,027,740
Cap Rate 7%
$7,162,671
Cap Rate 9%
$5,570,967
Alternative Uses
Best Use
Retail
$7.16M
$6.27M – $8.36M
NOI $501,387 @ 7.0% cap · market cap 4.56%
Second Best
Mixed Use
$7.07M
$6.18M – $8.24M
NOI $494,690 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$12.25M
$10.72M – $14.29M
NOI $857,259 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,318
Businesses Nearby
503k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 23%
Dining 23%
Shops & Services 21%
Apparel 16%
Target
Superstores
117,635 visits/mo
0.3 miles
Kohl's
Apparel
48,767 visits/mo
0.4 miles
Albertsons
Groceries
39,920 visits/mo
0.3 miles
Ross Dress for Less
Apparel
34,144 visits/mo
0.4 miles
FoodMaxx
Groceries
29,988 visits/mo
0.5 miles
Demographics for 93454, CA
40,994
Population
12,413
Households
3.3
Avg Household Size
33
Median Age
18%
College-Educated
74%
High-School Grad
418.3 sq mi
ZIP Area
98
Density / Sq Mi
$84,178
Median Household Income
$34,883
Median Earnings
$1,750
Median Rent
$477,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use shopping center on Broadway & Betteravia corner.
Where is this mixed-use property located?
The property is located at 2125 S BROADWAY Santa Maria, CA.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Mixed‑use shopping center with +/-36,241 SF of building area; Located on the corner of Broadway & Betteravia; +/-2.64 acres of land
