Retail Strip
For Sale
Contact for pricing
550 E Betteravia Rd, Santa Maria, CA 93454
Retail strip mall built in 2008 with PD-C2 planned development zoning and parking per city code.
Property Size8,000 SF
Price / SF$374.44
Days on Market376
Property Features for 550 E Betteravia Rd
General Information
Standard status
Active
Size
8,000 SF
Property subtype
RETAIL
Zoning
PD-C2
Building Details
Year Built
2008
Listing Agency:
McCarty Davis Commercial Real Estate
(805) 543-1801
Listed By:
Steve Davis · License #01843738
(805) 704-5727
Source:
Moodyscre
Added: Aug 29, 2025
Changed: Sep 7
Last Checked: Sep 8 at 11:16AM
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 McCarty Davis Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail strip mall was built in 2008 and is zoned PD-C2 (Planned Development – General Commercial). The property is offered for sale and includes on-site parking as required by city code.
The site is addressed at 550 E Betteravia Rd in Santa Maria, CA 93454, providing a straightforward retail-focused option for tenants seeking a general commercial zoning designation under a planned development structure.
With a total property size of 8,000 square feet, the building offers a compact format suited for neighborhood and regional retail uses that align with the PD-C2 zoning framework.
The site is addressed at 550 E Betteravia Rd in Santa Maria, CA 93454, providing a straightforward retail-focused option for tenants seeking a general commercial zoning designation under a planned development structure.
With a total property size of 8,000 square feet, the building offers a compact format suited for neighborhood and regional retail uses that align with the PD-C2 zoning framework.
Key Highlights
- Zoned PD‑C2 (Planned Development – General Commercial)
- Built in 2008
- Retail strip mall
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
$110,678
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
3.69%
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%
$2,213,560
$2.2M
Cap Rate 7%
$1,581,114
$1.6M
Cap Rate 9%
$1,229,756
$1.2M
Market Conditions
NOI Build-Up for 8,000 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
$172.8K $21.60/SF
− Vacancy
−$14.7K −$1.84/SF
EGI
$158.1K $19.76/SF
− OpEx
−$47.4K −$5.93/SF
NOI
$110.7K $13.83/SF
Area
Santa Maria, CA
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$2,213,560
Cap Rate 7%
$1,581,114
Cap Rate 9%
$1,229,756
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,678 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.37M – $3.15M
NOI $189,235 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
1.2M
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 35%
Dining 26%
Home Improvements & Furnishings 11%
Apparel 10%
Costco Wholesale
Superstores
160,502 visits/mo
0.4 miles
Walmart
Superstores
129,240 visits/mo
0.4 miles
Target
Superstores
117,635 visits/mo
0.5 miles
Costco Gasoline
Shops & Services
73,377 visits/mo
0.3 miles
Raising Cane's Chicken Fingers
Dining
61,316 visits/mo
0.1 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Retail strip mall built in 2008 with PD-C2 planned development zoning and parking per city code.
Where is this strip mall located?
The property is located at 550 E Betteravia Rd Santa Maria, CA.
What is the asking price?
The asking price for this property is $2,995,500.
What are key features of this property?
This property features: Zoned PD‑C2 (Planned Development – General Commercial); Built in 2008; Retail strip mall
