Two Office
418 Chapala St Unit E&f, Santa Barbara, CA 93101
For Sale
Contact for pricing
Two office suites are available within a centrally located downtown building near State Street amenities.
Property Size2,030 SF
Days on Market700
Property Features for 418 Chapala St Unit E&f
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Office Units
Building Details
Buildings
Listing Agency:
Radius Group Commercial R.E.
Listed By:
Gene Deering · License CA #01450943
(805) 879-9623
Source:
Santabarbarahomesearcher
Added: Dec 11, 2024
Changed: Nov 5
Last Checked: Nov 8 at 6:41AM
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.
The offering at 418 Chapala St includes Suite E at approximately 1,301 SF and Suite F at approximately 729 SF, with a combined area of approximately 2,030 SF. The suites are located within a downtown office building and provide a multi-suite configuration for office users.
The property is near the intersection of Chapala and Gutierrez Streets, with numerous State Street amenities and the Funk Zone within walking distance. Santa Barbara’s West Beach is approximately a half mile away.
The property is near the intersection of Chapala and Gutierrez Streets, with numerous State Street amenities and the Funk Zone within walking distance. Santa Barbara’s West Beach is approximately a half mile away.
Key Highlights
- Suite E measures approximately 1,301 SF
- Suite F measures approximately 729 SF
- Combined suite area of approximately 2,030 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,215
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,300
$724.3K
Cap Rate 7%
$517,357
$517.4K
Cap Rate 9%
$402,389
$402.4K
Market Conditions
NOI Build-Up for 2,030 SF
Gross rent
$53.6K $26.40/SF
− Vacancy
−$5.3K −$2.61/SF
EGI
$48.3K $23.79/SF
− OpEx
−$12.1K −$5.95/SF
NOI
$36.2K $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%
$724,300
Cap Rate 7%
$517,357
Cap Rate 9%
$402,389
Alternative Uses
Best Use
Office B
$517.4K
$452.7K – $603.6K
NOI $36,215 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$637.1K
$557.5K – $743.3K
NOI $44,599 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
5,051
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
Market
Properties on Market for Office Units in Santa Barbara
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Two office suites are available within a centrally located downtown building near State Street amenities.
Where is this office unit located?
The property is located at 418 Chapala St Unit E&f Santa Barbara, CA.
What are key features of this property?
This property features: Suite E measures approximately 1,301 SF; Suite F measures approximately 729 SF; Combined suite area of approximately 2,030 SF
