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    Industrial Income Property with Shop Title is generated by Realmo AI

    285 Dal Porto Lane, Santa Maria, CA 93458

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    For Sale
    $1,095,000

    Industrial - Santa Maria, CA

    Type:Industrial
    Property size:
    1,660 SF
    Lot size:
    0.65 Acres
    Price / SF:
    $659/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 8:06 pm

    Property Features for 285 Dal Porto Lane

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Exterior features
    Fenced
    Fencing
    Fenced
    Standard status
    Active
    APN
    118-020-010
    Size
    1,660 SF
    Lot size
    0.65 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1946
    Floors in Building
    1
    Building materials
    Stucco
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Colleen M Minetti

    Listing agent Colleen M Minetti License #01999294

    Listing office eXp Realty of California, Inc. 2603 Camino Ramon Ste. 200, San Ramon, CA

    Listing date Jun 2, 2026

    MLS# 26000396 Listing URL

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

    HighLights

    • Income‑producing property with three existing tenants (5‑bed house, shop, yard space).
    • Commercial/Manufacturing zoning offers business opportunities.
    • Potential for additional income from unfinished 2‑bed, 1‑bath unit.
    • Recent significant improvements: septic, electrical, plumbing, water heater, flooring, decking, windows, vents.
    • 40' x 40' Shop is already rented.
    • Convenient location with easy access to shopping, public transportation, and restaurants.

    Overview

    This income-producing property combines multiple rental components on a single lot, allowing an owner to operate a business on site while collecting rent. The current setup includes a 5-bedroom, 2-bath home rented to long-term tenants, a 40' x 40' shop that is also rented, and yard space that supports separate tenancy for a total of three tenants. In addition, there is another building that needs interior finishing, with opportunity to create a 2-bedroom, 1-bath home for additional income. Recent improvements include a new septic, replacement of electrical throughout the two houses, updated plumbing inside both homes, and a serviced water heater. Additional updates include new flooring in the main house, new decking on the back porch, new windows in select rooms and bathrooms, updated bathroom vents, a brand-new electrical panel, new rough-in plumbing, and new stucco and TPO roofing on the 2/1. One bedroom is fully drywalled, with framing remaining for the rear 2/1.

    Located at 285 Dal Porto Lane in Santa Maria, the property offers easy access to shopping, public transportation, restaurants, and other local conveniences.

    With Commercial/Manufacturing zoning in place and multiple income streams already established, this property is well-suited for investors seeking a turnkey rental mix alongside an on-site work space, as well as owner-operators looking for flexible space that can be further completed for additional residential revenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Maria
    County
    Santa Barbara
    State
    California
    Longitude
    -120.438688
    Latitude
    34.922592

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    FAQs

    What type of property is this?
    Single family property - Own an income-producing site with a rented shop, yard space, and residential units under Commercial/Manufacturing zoning.
    Where is this single family property located?
    The property is located at 285 Dal Porto Lane Santa Maria, CA.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: Income‑producing property with three existing tenants (5‑bed house, shop, yard space).; Commercial/Manufacturing zoning offers business opportunities.; Potential for additional income from unfinished 2‑bed, 1‑bath unit.
    (805) 387-0604
    We can help!
    Listing Contact
    Colleen M Minetti
    Real Estate License ID: 01999294
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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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