Flex Building with Backup
320 N Nopal Street, Santa Barbara, CA 93103
For Sale
New
$5,750,000
Previously occupied by a Fortune 100 company, the property combines office and technical space with a six-month seller leaseback.
Property Size15,973 SF
Days on Market5
Property Features for 320 N Nopal Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Clear Height
Currently Operating
Property Use
Amenities
distributed power
loading door
natural light
quality offices
fully networked
significant air handling systems
RO & DI water systems
clean room support
back up power
Building Details
Building Size
Buildings
Tenancy
Owner Occupied
Listing Agency:
Radius Group Commercial R.E.
Listed By:
Brad Frohling · License #01323736
(805) 879-9613
Source:
Sbrivierahomes
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:43PM
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 Radius Group Commercial R.E.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property in downtown Santa Barbara combines office and technical areas. Features include ceilings reaching 20 feet, distributed power, a loading door, natural light, networked offices, and substantial air-handling capacity. RO and DI water systems, clean-room support, and backup power are also in place. The seller occupies the building and will lease it back for six months after closing under NNN terms.
The property is located at 320 N Nopal Street. On-site parking accommodates 31 vehicles.
The property is located at 320 N Nopal Street. On-site parking accommodates 31 vehicles.
Key Highlights
- Ceilings reach up to 20 feet
- 31 parking spaces
- Loading door and distributed power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$284,955
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,699,100
$5.7M
Cap Rate 7%
$4,070,786
$4.1M
Cap Rate 9%
$3,166,167
$3.2M
Market Conditions
NOI Build-Up for 15,973 SF
Gross rent
$421.7K $26.40/SF
− Vacancy
−$41.7K −$2.61/SF
EGI
$379.9K $23.79/SF
− OpEx
−$95.0K −$5.95/SF
NOI
$285.0K $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%
$5,699,100
Cap Rate 7%
$4,070,786
Cap Rate 9%
$3,166,167
Alternative Uses
Best Use
Office B
$4.07M
$3.56M – $4.75M
NOI $284,955 @ 7.0% cap · market cap 4.96%
Second Best
Flex RnD
$2.93M
$2.56M – $3.41M
NOI $204,813 @ 7.0% cap · market cap 3.56%
Theoretical Best
Multifamily LT 5
$5.01M
$4.39M – $5.85M
NOI $350,929 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
20 ft
Clear height
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,322
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93103, CA
20,029
Population
8,069
Households
2.5
Avg Household Size
39
Median Age
46%
College-Educated
87%
High-School Grad
5.5 sq mi
ZIP Area
3,642
Density / Sq Mi
$118,118
Median Household Income
$46,441
Median Earnings
$2,407
Median Rent
$1,555,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Santa Barbara County, CA
Properties on Market for Flex space in Santa Barbara County
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Events Unlimited — 205 Santa Barbara St #B, Santa Barbara, CA 93101
- Shalhoob's Santa Barbara Style Catering — 209 Gray Ave, Santa Barbara, CA 93101
- Shalhoob's Funk Zone Patio — 220 Gray Ave, Santa Barbara, CA 93101
- Shalhoob Catering — 632 Santa Barbara St, Santa Barbara, CA 93101
- Mattias Blom Private Chef in Santa Barbara & Santa Ynez — 133 E De La Guerra St #341, Santa Barbara, CA 93101
Frequently Asked Questions
What type of property is this?
Flex space - Previously occupied by a Fortune 100 company, the property combines office and technical space with a six-month seller leaseback.
Where is this flex space located?
The property is located at 320 N Nopal Street Santa Barbara, CA.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Ceilings reach up to 20 feet; 31 parking spaces; Loading door and distributed power
