Flexible Commercial
For Sale
Contact for pricing
Pending
525 Anacapa Street, Santa Barbara, CA 93101
Versatile building in downtown Santa Barbara, offering flexibility for owner-users, tenants, and adaptive re-use considerations.
Property Size10,723 SF
Days on Market71
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
Changed: Jul 10
Last Checked: Jul 24 at 4:27PM
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
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,040
Businesses Nearby
Well-served
Demand for This Use
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
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
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
