Flex Building with
5777 Hollister Ave, Goleta, CA 93117
For Sale
Contact for pricing
An open interior, private offices, and a rear roll-up door support varied commercial configurations.
Property Size5,796 SF
Price / SF$2.59
Days on Market38
Property Features for 5777 Hollister Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Century 21 Masters
Listed By:
Andrew Adler · License #01162080
(805) 722-2640
Source:
Santabarbarahomesearcher
Added: Oct 2
Changed: Nov 6
Last Checked: Nov 6 at 3:20PM
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 Century 21 Masters
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Investment Insights
Based on property information with market context.
This freestanding flex property contains approximately 5,796 square feet, with a broad showroom area, several enclosed offices, two restrooms, and a break area. The high-ceilinged interior also includes a former bank vault repurposed for office or storage use. A roll-up door at the rear provides loading and equipment access. The premises are offered in their current condition, and any intended use is subject to applicable approvals and verification by the prospective sublessee.
Situated on Hollister Avenue in Goleta’s Old Town Commercial zoning district, the property includes use of up to 12 on-site parking spaces, subject to final sublease terms. The sublease has approximately 9.5 years remaining in its initial term, plus two additional five-year options. Maintenance responsibilities for the premises and building systems are governed by the master lease.
Situated on Hollister Avenue in Goleta’s Old Town Commercial zoning district, the property includes use of up to 12 on-site parking spaces, subject to final sublease terms. The sublease has approximately 9.5 years remaining in its initial term, plus two additional five-year options. Maintenance responsibilities for the premises and building systems are governed by the master lease.
Key Highlights
- Freestanding flex building with approximately 5,796 SF
- Open showroom area, private offices, two restrooms, and a break area
- Rear roll‑up door for loading and equipment access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,495
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,900
$709.9K
Cap Rate 7%
$507,071
$507.1K
Cap Rate 9%
$394,389
$394.4K
Market Conditions
NOI Build-Up for 5,796 SF
Gross rent
$59.1K $10.20/SF
− Vacancy
−$8.4K −$1.45/SF
EGI
$50.7K $8.75/SF
− OpEx
−$15.2K −$2.62/SF
NOI
$35.5K $6.12/SF
Area
Santa Barbara County, CA
Vacancy
14.23%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,900
Cap Rate 7%
$507,071
Cap Rate 9%
$394,389
Alternative Uses
Best Use
Retail
$1.29M
$1.13M – $1.50M
NOI $90,070 @ 7.0% cap · market cap 600.47%
Second Best
Flex RnD
$1.06M
$929.0K – $1.24M
NOI $74,319 @ 7.0% cap · market cap 495.46%
Theoretical Best
Multifamily LT 5
$1.82M
$1.59M – $2.12M
NOI $127,339 @ 7.0% cap · market cap 848.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 93117, CA
53,430
Population
18,208
Households
2.9
Avg Household Size
28
Median Age
49%
College-Educated
90%
High-School Grad
168.1 sq mi
ZIP Area
318
Density / Sq Mi
$85,711
Median Household Income
$28,542
Median Earnings
$1,980
Median Rent
$1,021,700
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Santa Barbara County, CA
Properties on Market for Flex space in Santa Barbara County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - An open interior, private offices, and a rear roll-up door support varied commercial configurations.
Where is this flex space located?
The property is located at 5777 Hollister Ave Goleta, CA.
What are key features of this property?
This property features: Freestanding flex building with approximately 5,796 SF; Open showroom area, private offices, two restrooms, and a break area; Rear roll‑up door for loading and equipment access
