Office Unit with On-Site
For Sale
Contact for pricing
220 W Canon Perdido St Unit 3, Santa Barbara, CA 93101
Open workspace and private offices create a versatile commercial layout near State Street amenities.
Property Size1,141 SF
Days on Market192
Property Features for 220 W Canon Perdido St Unit 3
General Information
Standard status
Active
Size
1,141 SF
Property subtype
Commercial
Listing Agency:
Hayes Commercial Group
Listed By:
Kris Roth
(805) 563-2111
Source:
Santaynezvalleyhomesforsale
Added: Apr 13
Changed: Oct 1
Last Checked: Oct 20 at 9:20PM
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
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Investment Insights
Based on property information with market context.
Office Unit 3 at 220 W Canon Perdido St offers a practical floor plan with an open work area and separate private offices. The configuration provides multiple ways to organize desks, meetings, and individual work areas within the suite.
An exclusive on-site parking lot serves the property, adding convenience for occupants and visitors. The office is positioned two blocks from State Street and its surrounding amenities, placing daily services and retail within close reach.
An exclusive on-site parking lot serves the property, adding convenience for occupants and visitors. The office is positioned two blocks from State Street and its surrounding amenities, placing daily services and retail within close reach.
Key Highlights
- Open area paired with private offices
- Exclusive on‑site parking lot
- Two blocks from State Street amenities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,355
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,100
$407.1K
Cap Rate 7%
$290,786
$290.8K
Cap Rate 9%
$226,167
$226.2K
Market Conditions
NOI Build-Up for 1,141 SF
Gross rent
$30.1K $26.40/SF
− Vacancy
−$3.0K −$2.61/SF
EGI
$27.1K $23.79/SF
− OpEx
−$6.8K −$5.95/SF
NOI
$20.4K $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%
$407,100
Cap Rate 7%
$290,786
Cap Rate 9%
$226,167
Alternative Uses
Best Use
Office B
$290.8K
$254.4K – $339.3K
NOI $20,355 @ 7.0% cap · market cap 678,500.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$358.1K
$313.4K – $417.8K
NOI $25,068 @ 7.0% cap · market cap 835,600.00%
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
5,765
Businesses Nearby
Explore this area
Business Placement
Demographics for 93101, CA
30,513
Population
13,664
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
9,535
Density / Sq Mi
$79,868
Median Household Income
$42,614
Median Earnings
$2,109
Median Rent
$1,122,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Open workspace and private offices create a versatile commercial layout near State Street amenities.
Where is this office unit located?
The property is located at 220 W Canon Perdido St Unit 3 Santa Barbara, CA.
What are key features of this property?
This property features: Open area paired with private offices; Exclusive on‑site parking lot; Two blocks from State Street amenities
