Class-A Office
For Sale
Contact for pricing
3916 State St, Santa Barbara, CA 93105
Class-A office suites with HVAC, signage, and parking available in a professionally managed office building.
Property Size2,861 SF
Days on Market1288
Property Features for 3916 State St
General Information
Standard status
Active
Size
2,861 SF
Class
A
Site & Location
Neighborhood
Hope
Highway Access
Yes
Listing Agency:
Hayes Commercial Group
(805) 563-2111
Listed By:
Francois DeJohn · License #CA01144570
(805) 898-4365
Source:
Exprealty
Added: Apr 26, 2023
Changed: Oct 31
Last Checked: Nov 3 at 7:20AM
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.
High-quality office suites are available within a Class-A office building featuring robust signage and parking. The available spaces include HVAC service (HVAC: Yes), with showings by calling the listing agents.
The property is situated in the Upper State neighborhood, with nearby shopping and dining options at Five Points and La Cumbre Plaza shopping centers. Access is described as a short drive to Hwy 154 and US 101, and the building is noted as steps away from Gold’s Gym next door.
For prospective tenants or buyers, the configuration is presented as a suite offering within a larger office building, supported by on-site parking and building signage. To arrange a tour, contact the listing agents.
The property is situated in the Upper State neighborhood, with nearby shopping and dining options at Five Points and La Cumbre Plaza shopping centers. Access is described as a short drive to Hwy 154 and US 101, and the building is noted as steps away from Gold’s Gym next door.
For prospective tenants or buyers, the configuration is presented as a suite offering within a larger office building, supported by on-site parking and building signage. To arrange a tour, contact the listing agents.
Key Highlights
- Class‑A office building offers office suites for lease in the Upper State neighborhood
- HVAC included in the available office suites
- Robust signage available for the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,040
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,800
$1.0M
Cap Rate 7%
$729,143
$729.1K
Cap Rate 9%
$567,111
$567.1K
Market Conditions
NOI Build-Up for 2,861 SF
Gross rent
$75.5K $26.40/SF
− Vacancy
−$7.5K −$2.61/SF
EGI
$68.1K $23.79/SF
− OpEx
−$17.0K −$5.95/SF
NOI
$51.0K $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%
$1,020,800
Cap Rate 7%
$729,143
Cap Rate 9%
$567,111
Alternative Uses
Best Use
Office B
$729.1K
$638.0K – $850.7K
NOI $51,040 @ 7.0% cap · market cap 2,552,000.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$898.0K
$785.7K – $1.05M
NOI $62,857 @ 7.0% cap · market cap 3,142,850.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,626
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Class-A office suites with HVAC, signage, and parking available in a professionally managed office building.
Where is this office unit located?
The property is located at 3916 State St Santa Barbara, CA.
What are key features of this property?
This property features: Class‑A office building offers office suites for lease in the Upper State neighborhood; HVAC included in the available office suites; Robust signage available for the building
