Corner Industrial-Retail
502 E Haley St, Santa Barbara, CA 93103
For Sale
$2,950,000
High-visibility corner building fully NNN-leased to Smog-It on a month-to-month basis.
Property Size5,214 SF
Price / SF$565.78
Days on Market317
Property Features for 502 E Haley St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Building Details
Tenancy
Listing Agency:
Hayes Commercial Group
Listed By:
Dylan Ward · License CA #01472452
(805) 881-8810
Source:
Santaynezvalleyhomesforsale
Added: Jan 1
Changed: Nov 1
Last Checked: Nov 10 at 12:53PM
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.
This industrial/retail building sits on a prominent corner and offers a flexible, open layout. The property is 100% NNN-leased to Smog-It, with the lease structured on a month-to-month basis. Recent improvements include a new roof and a sewer lateral.
Located at 502 E Haley St in Santa Barbara’s Laguna District, the building is positioned along the Haley corridor between State and Milpas streets, supporting strong visibility for the site.
Located at 502 E Haley St in Santa Barbara’s Laguna District, the building is positioned along the Haley corridor between State and Milpas streets, supporting strong visibility for the site.
Key Highlights
- High‑visibility corner industrial/retail building located on the Haley corridor in the Laguna District
- 100% NNN‑leased to Smog‑It on a month‑to‑month basis
- Recent improvements include a new roof and sewer lateral
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,017
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,860,340
$1.9M
Cap Rate 7%
$1,328,814
$1.3M
Cap Rate 9%
$1,033,522
$1.0M
Market Conditions
NOI Build-Up for 5,214 SF
Gross rent
$137.6K $26.40/SF
− Vacancy
−$13.6K −$2.61/SF
EGI
$124.0K $23.79/SF
− OpEx
−$31.0K −$5.95/SF
NOI
$93.0K $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%
$1,860,340
Cap Rate 7%
$1,328,814
Cap Rate 9%
$1,033,522
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $93,017 @ 7.0% cap · market cap 3.15%
Second Best
Flex RnD
$955.1K
$835.7K – $1.11M
NOI $66,856 @ 7.0% cap · market cap 2.27%
Theoretical Best
Multifamily LT 5
$1.64M
$1.43M – $1.91M
NOI $114,552 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,105
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
NNN property - High-visibility corner building fully NNN-leased to Smog-It on a month-to-month basis.
Where is this nnn property located?
The property is located at 502 E Haley St Santa Barbara, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: High‑visibility corner industrial/retail building located on the Haley corridor in the Laguna District; 100% NNN‑leased to Smog‑It on a month‑to‑month basis; Recent improvements include a new roof and sewer lateral
