Retail Property in Santa
For Sale
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307 E Carrillo St Unit A, Santa Barbara, CA 93101
Storefront property for sale at Garden and Carrillo St.
Property Size938 SF
Days on Market214
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Property Features for 307 E Carrillo St Unit A
General Information
Standard status
Active
Size
938 SF
Property subtype
Commercial
Listing Agency:
Berkshire Hathaway HomeServices California Properties
Listed By:
Mitch Stark · License #01196532
(805) 969-5026
Source:
Santabarbarahomesearcher
Added: Mar 16
Changed: Oct 1
Last Checked: Oct 14 at 11:29PM
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 Berkshire Hathaway HomeServices California Properties
Investment Insights
Based on property information with market context.
Located at the northeast corner of Garden and Carrillo Street in Santa Barbara, this commercial real estate property offers 938 square feet of retail space. The property is suitable for storefront use.
Key Highlights
- Prime location at the northeast corner of Garden and Carrillo St.
- Located in Santa Barbara County.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,577
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,540
$291.5K
Cap Rate 7%
$208,243
$208.2K
Cap Rate 9%
$161,967
$162.0K
Market Conditions
NOI Build-Up for 938 SF
Gross rent
$22.5K $24.00/SF
− Vacancy
−$1.7K −$1.80/SF
EGI
$20.8K $22.20/SF
− OpEx
−$6.2K −$6.66/SF
NOI
$14.6K $15.54/SF
Area
Santa Barbara County, CA
Vacancy
7.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,540
Cap Rate 7%
$208,243
Cap Rate 9%
$161,967
Alternative Uses
Best Use
Retail
$208.2K
$182.2K – $243.0K
NOI $14,577 @ 7.0% cap · market cap 728,850.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$294.4K
$257.6K – $343.5K
NOI $20,608 @ 7.0% cap · market cap 1,030,400.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,343
Businesses Nearby
296k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 25%
Groceries 23%
Shops & Services 17%
Leisure 13%
Ralphs
Groceries
46,819 visits/mo
0.5 miles
Marshalls
Apparel
37,135 visits/mo
0.3 miles
Metropolitan Fiesta 5 Theatre
Leisure
27,969 visits/mo
0.3 miles
World Market
Home Improvements & Furnishings
25,963 visits/mo
0.4 miles
Smart & Final
Groceries
22,316 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
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- Riley's Flowers — 1106 Chapala St, Santa Barbara, CA 93101
- Kaise Florist & Flower delivery — 819 Anacapa St, Santa Barbara, CA 93101
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property for sale at Garden and Carrillo St.
Where is this storefront property located?
The property is located at 307 E Carrillo St Unit A Santa Barbara, CA.
What are key features of this property?
This property features: Prime location at the northeast corner of Garden and Carrillo St.; Located in Santa Barbara County.
