Modern Dental Office
For Sale
Contact for pricing
426 Barcellus Ave, Santa Maria, CA 93454
Fully equipped dental suite in growing Santa Maria market.
Property Size2,121 SF
Price / SF$305.99
Days on Market173
Property Features for 426 Barcellus Ave
General Information
Standard status
Active
Size
2,121 SF
Class
B
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
1985
Stories
2
Listing Agency:
Integrity Practice Sales
Listed By:
Darren Hulstine · License #CA 01911548
Source:
Crexi
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 28 at 10:15PM
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 Integrity Practice Sales
Investment Insights
Based on property information with market context.
This is a fully built-out dental office suite located in the Santa Maria market. The corner suite, situated on the first floor, features six operatories and includes dental equipment such as digital x-ray, 3D CBCT, iTero, and a 3Shape intraoral scanner. Large windows provide natural light. The suite offers accessibility, ample parking, and recent interior upgrades including new cabinetry. Additional amenities include a private shower and in-suite washer/dryer. The property size is 2121 square feet. Santa Maria is experiencing population and commercial growth, with new residential developments, shopping centers, and dining options, and offers access to Central Coast beaches, hiking trails, and wine country. The property is suitable for medical office space and other commercial real estate purposes.
Key Highlights
- Fully built‑out dental office suite with six operatories.
- Includes high‑end dental equipment: digital x‑ray, 3D CBCT, iTero, and 3Shape intraoral scanner.
- Located in the rapidly growing Santa Maria market.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,116
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$722,320
$722.3K
Cap Rate 7%
$515,943
$515.9K
Cap Rate 9%
$401,289
$401.3K
Market Conditions
NOI Build-Up for 2,121 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.0K $26.40/SF
− Vacancy
−$7.8K −$3.70/SF
EGI
$48.2K $22.70/SF
− OpEx
−$12.0K −$5.68/SF
NOI
$36.1K $17.03/SF
Area
Santa Maria, CA
Vacancy
14.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$722,320
Cap Rate 7%
$515,943
Cap Rate 9%
$401,289
Alternative Uses
Best Use
Office B
$515.9K
$451.5K – $601.9K
NOI $36,116 @ 7.0% cap · market cap 5.56%
Second Best
Healthcare Medical
$490.9K
$429.5K – $572.7K
NOI $34,360 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$716.7K
$627.1K – $836.2K
NOI $50,171 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93454, CA
40,994
Population
12,413
Households
3.3
Avg Household Size
33
Median Age
18%
College-Educated
74%
High-School Grad
418.3 sq mi
ZIP Area
98
Density / Sq Mi
$84,178
Median Household Income
$34,883
Median Earnings
$1,750
Median Rent
$477,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Petco Vaccination Clinic — 615 Betteravia Rd, Santa Maria, CA 93454
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully equipped dental suite in growing Santa Maria market.
Where is this medical office space located?
The property is located at 426 Barcellus Ave Santa Maria, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Fully built‑out dental office suite with six operatories.; Includes high‑end dental equipment: digital x‑ray, 3D CBCT, iTero, and 3Shape intraoral scanner.; Located in the rapidly growing Santa Maria market.
