Flexible Commercial
525 Anacapa Street Santa Barbara, CA 93101
525 Anacapa Street, Santa Barbara, CA, 93101
Contact for pricing
For Sale
Contact for pricing
Pending
Versatile building in downtown Santa Barbara, offering flexibility for owner-users, tenants, and adaptive re-use considerations.
Property Size10,723 SF
Days on Market56
Property Features for 525 Anacapa Street
General Information
- Standard status
- Pending
- Size
- 10,723 SF
- Property subtype
- Office, Industrial, Mixed Use
Building Details
- Year Built
- 1974
Listing agency
Radius Commercial Real Estate & Investments
Listed by
Gene Deering · License #CA 01450943
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:52PM Checked: Jul 19 at 8:56AM
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 Commercial Real Estate & Investments
Investment Insights
Based on property information with market context.
525 Anacapa Street is a substantial flex-style commercial building offering a flexible platform for a wide range of uses. The property totals 10,723 SF and is presented as adaptable for different operating models, including an owner-user setup or a reconfiguration approach for future tenants. Its scale and layout also support consideration as an adaptive or conversion project.
Located in Downtown Santa Barbara, the property is described as being just steps from State Street and positioned within a highly walkable area. The listing also notes strong visibility in the core, supporting accessibility to the surrounding dining, shopping, and cultural amenities.
For owner-users, the building can function as a headquarters or flagship location along a central downtown corridor. For investors or operators, the asset is framed as suitable for value-add planning such as modernization, re-leasing, or creative reconfiguration. The combination of downtown positioning, visibility, and overall size makes it a practical option for parties seeking a flexible building that can be tailored to their intended use or conversion strategy.
Located in Downtown Santa Barbara, the property is described as being just steps from State Street and positioned within a highly walkable area. The listing also notes strong visibility in the core, supporting accessibility to the surrounding dining, shopping, and cultural amenities.
For owner-users, the building can function as a headquarters or flagship location along a central downtown corridor. For investors or operators, the asset is framed as suitable for value-add planning such as modernization, re-leasing, or creative reconfiguration. The combination of downtown positioning, visibility, and overall size makes it a practical option for parties seeking a flexible building that can be tailored to their intended use or conversion strategy.
Key Highlights
- Approximately 10,723 SF building for flexible use in Downtown Santa Barbara
- Year built: 1974
- Located in the heart of Downtown Santa Barbara, just steps from State Street
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $283.1k | $26.40 |
| − Vacancy | −$28.0k | −$2.61 |
| EGI | $255.1k | $23.79 |
| − OpEx | −$63.8k | −$5.95 |
| NOI | $191.3k | $17.84 |
10,723 SF · lease $26.40/SF/yr · vacancy 9.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.73M
$2.39M – $3.19M
NOI $191,296 @ 7.0% cap · market cap 3.86%
Second Best
Flex RnD
$1.96M
$1.72M – $2.29M
NOI $137,495 @ 7.0% cap · market cap 2.78%
Theoretical Best
Multifamily LT 5
$3.37M
$2.94M – $3.93M
NOI $235,586 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
SBCC Cosmetology Academy
Vocational School
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FAQs
What type of property is this?
Flex space - Versatile building in downtown Santa Barbara, offering flexibility for owner-users, tenants, and adaptive re-use considerations.
Where is this flex space located?
The property is located at 525 Anacapa Street Santa Barbara, CA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Approximately 10,723 SF building for flexible use in Downtown Santa Barbara; Year built: 1974; Located in the heart of Downtown Santa Barbara, just steps from State Street
