Second-Floor Office
For Sale
Contact for pricing
3 E De La Guerra St, Santa Barbara, CA 93101
The suites include private balconies and overlook State Street within Santa Barbara’s downtown retail district.
Property Size2,286 SF
Days on Market1434
Property Features for 3 E De La Guerra St
General Information
Standard status
Active
Size
2,286 SF
Listing Agency:
Hayes Commercial Group
(805) 563-2111
Listed By:
Francois DeJohn · License #CA01144570
(805) 898-4365
Source:
Exprealty
Added: Nov 17, 2022
Changed: Oct 6
Last Checked: Oct 20 at 11:57PM
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.
This 2,286-square-foot office property comprises suites on the second floor of a historic corner building. Private balconies are included with the office configuration, and the suites overlook State Street. The property is located at 3 E De La Guerra St in Santa Barbara, within the city’s downtown retail district. Its setting places the offices among the amenities associated with State Street while retaining a defined corner presence. The available information identifies the property as office units and describes the space as part of a larger historic building rather than a standalone office structure.
Key Highlights
- 2,286 square feet of office space
- Second‑floor office suites with private balconies
- Overlooks State Street in Santa Barbara’s downtown retail district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,782
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,640
$815.6K
Cap Rate 7%
$582,600
$582.6K
Cap Rate 9%
$453,133
$453.1K
Market Conditions
NOI Build-Up for 2,286 SF
Gross rent
$60.4K $26.40/SF
− Vacancy
−$6.0K −$2.61/SF
EGI
$54.4K $23.79/SF
− OpEx
−$13.6K −$5.95/SF
NOI
$40.8K $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%
$815,640
Cap Rate 7%
$582,600
Cap Rate 9%
$453,133
Alternative Uses
Best Use
Office B
$582.6K
$509.8K – $679.7K
NOI $40,782 @ 7.0% cap · market cap 2,039,100.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$717.5K
$627.8K – $837.1K
NOI $50,224 @ 7.0% cap · market cap 2,511,200.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,836
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 - The suites include private balconies and overlook State Street within Santa Barbara’s downtown retail district.
Where is this office unit located?
The property is located at 3 E De La Guerra St Santa Barbara, CA.
What are key features of this property?
This property features: 2,286 square feet of office space; Second‑floor office suites with private balconies; Overlooks State Street in Santa Barbara’s downtown retail district
