Office Unit with Private
For Sale
Contact for pricing
3-220 W Canon Perdido St, Santa Barbara, CA 93101
Efficient layout combines an open work area with private offices and an exclusive on-site parking lot.
Property Size1,141 SF
Days on Market107
Property Features for 3-220 W Canon Perdido St
General Information
Standard status
Active
Size
1,141 SF
Listing Agency:
Hayes Commercial Group
(805) 563-2111
Listed By:
Kris Roth
(805) 898-4361
Source:
Exprealty
Added: Jul 7
Changed: Oct 7
Last Checked: Oct 20 at 8:54PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit offers a practical configuration with an open work area and private offices, supporting a range of workspace arrangements. An exclusive on-site parking lot provides dedicated parking for occupants and visitors.
The property is located at 3-220 W Canon Perdido St in Santa Barbara, CA, approximately two blocks from the amenities along State Street.
The property is located at 3-220 W Canon Perdido St in Santa Barbara, CA, approximately two blocks from the amenities along State Street.
Key Highlights
- Open work area paired with private offices
- Exclusive on‑site parking lot
- Approximately 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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,064
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Efficient layout combines an open work area with private offices and an exclusive on-site parking lot.
Where is this office unit located?
The property is located at 3-220 W Canon Perdido St Santa Barbara, CA.
What are key features of this property?
This property features: Open work area paired with private offices; Exclusive on‑site parking lot; Approximately two blocks from State Street amenities
