Office Units for
For Sale
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3700 State St, Santa Barbara, CA 93105
Office units available for sale at 3700 State Street in Santa Barbara County.
Property Size3,957 SF
Days on Market1283
Property Features for 3700 State St
General Information
Standard status
Active
Size
3,957 SF
Site & Location
Neighborhood
San Roque
Listing Agency:
Hayes Commercial Group
(805) 563-2111
Listed By:
Francois DeJohn
(805) 898-4365
Source:
Exprealty
Added: Apr 21, 2023
Changed: Oct 6
Last Checked: Oct 23 at 7:29AM
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.
The offering consists of office units for sale at 3700 State Street. The property is listed for sale and has a total size of 3,957 square feet.
Located in Santa Barbara County, the asset is identified by the address 3700 State Street, Santa Barbara, CA 93105.
For additional detail on unit mix, layout, and current condition, please contact the listing team for the available materials.
Located in Santa Barbara County, the asset is identified by the address 3700 State Street, Santa Barbara, CA 93105.
For additional detail on unit mix, layout, and current condition, please contact the listing team for the available materials.
Key Highlights
- Office units for sale at 3700 State Street in Santa Barbara County
- Located in Santa Barbara County
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,592
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,411,840
$1.4M
Cap Rate 7%
$1,008,457
$1.0M
Cap Rate 9%
$784,356
$784.4K
Market Conditions
NOI Build-Up for 3,957 SF
Gross rent
$104.5K $26.40/SF
− Vacancy
−$10.3K −$2.61/SF
EGI
$94.1K $23.79/SF
− OpEx
−$23.5K −$5.95/SF
NOI
$70.6K $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%
$1,411,840
Cap Rate 7%
$1,008,457
Cap Rate 9%
$784,356
Alternative Uses
Best Use
Office B
$1.01M
$882.4K – $1.18M
NOI $70,592 @ 7.0% cap · market cap 3,529,600.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $86,936 @ 7.0% cap · market cap 4,346,800.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,606
Businesses Nearby
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Business Placement
Demographics for 93105, CA
26,003
Population
11,401
Households
2.3
Avg Household Size
49
Median Age
60%
College-Educated
94%
High-School Grad
139.8 sq mi
ZIP Area
186
Density / Sq Mi
$129,549
Median Household Income
$64,371
Median Earnings
$2,572
Median Rent
$1,496,500
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office units available for sale at 3700 State Street in Santa Barbara County.
Where is this office unit located?
The property is located at 3700 State St Santa Barbara, CA.
What are key features of this property?
This property features: Office units for sale at 3700 State Street in Santa Barbara County; Located in Santa Barbara County
