Art Deco Storefront
For Sale
Contact for pricing
506 Chapala Street, Santa Barbara, CA 93101
High ceilings and a flexible interior layout complement this downtown Santa Barbara space.
Property Size6,211 SF
Days on Market8
Property Features for 506 Chapala Street
General Information
Standard status
Active
Size
6,211 SF
Site & Location
Neighborhood
Lower State
Corner Location
Yes
Amenities
ample parking
versatile layout
high ceilings
nicely appointed interiors
Building Details
Construction
Art Deco
Listing Agency:
Hayes Commercial Group
(805) 563-2111
Listed By:
Kris Roth
(805) 898-4361
Source:
Exprealty
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 26 at 8:15PM
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 Hayes Commercial Group
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Investment Insights
Based on property information with market context.
This Art Deco storefront property in downtown Santa Barbara features high ceilings and a layout described as versatile. The interiors are also noted as appointed, without further detail on finishes or configuration.
The property occupies the corner of Chapala and Haley Streets. The Funk Zone, Paseo Nuevo, and The Mill are identified as nearby destinations, with the beach approximately half a mile away.
The property occupies the corner of Chapala and Haley Streets. The Funk Zone, Paseo Nuevo, and The Mill are identified as nearby destinations, with the beach approximately half a mile away.
Key Highlights
- Art Deco building at Chapala and Haley Streets
- Approximately half a mile from the beach
- Downtown Santa Barbara location near The Funk Zone, Paseo Nuevo, and The Mill
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,519
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,930,380
$1.9M
Cap Rate 7%
$1,378,843
$1.4M
Cap Rate 9%
$1,072,433
$1.1M
Market Conditions
NOI Build-Up for 6,211 SF
Gross rent
$149.1K $24.00/SF
− Vacancy
−$11.2K −$1.80/SF
EGI
$137.9K $22.20/SF
− OpEx
−$41.4K −$6.66/SF
NOI
$96.5K $15.54/SF
Area
Santa Barbara County, CA
Vacancy
7.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,930,380
Cap Rate 7%
$1,378,843
Cap Rate 9%
$1,072,433
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,519 @ 7.0% cap · market cap 4,825,950.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.95M
$1.71M – $2.27M
NOI $136,456 @ 7.0% cap · market cap 6,822,800.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,298
Businesses Nearby
367k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 25%
Groceries 19%
Shops & Services 17%
Dining 12%
Ralphs
Groceries
46,819 visits/mo
0.4 miles
Marshalls
Apparel
37,135 visits/mo
0.3 miles
Metropolitan Fiesta 5 Theatre
Leisure
27,969 visits/mo
0.3 miles
World Market
Home Improvements & Furnishings
25,963 visits/mo
0.1 miles
Smart & Final
Groceries
22,316 visits/mo
0.3 miles
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
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- The Twisted Twig — Studio by Appointment Only, De La Vina St, Santa Barbara, CA 93101
- Floral Decorator — Santa Barbara, CA 93101
- Baloka Florist & Flower Delivery Santa Barbara CA — 19 E Ortega St, Santa Barbara, CA 93101
- Riley's Flowers — 1106 Chapala St, Santa Barbara, CA 93101
- Kaise Florist & Flower delivery — 819 Anacapa St, Santa Barbara, CA 93101
Frequently Asked Questions
What type of property is this?
Storefront property - High ceilings and a flexible interior layout complement this downtown Santa Barbara space.
Where is this storefront property located?
The property is located at 506 Chapala Street Santa Barbara, CA.
What are key features of this property?
This property features: Art Deco building at Chapala and Haley Streets; Approximately half a mile from the beach; Downtown Santa Barbara location near The Funk Zone, Paseo Nuevo, and The Mill
