Industrial Flex
601 E Montecito St Santa Barbara, CA 93103
For Sale
Contact for pricing
Multi-purpose industrial facility offering 23,433 SF of space for flexible commercial use.
Property Size23,433 SF
Price / SF$164.30
Days on Market288
Property Features for 601 E Montecito St
General Information
Standard status
Active
Size
23,433 SF
Property subtype
INDUSTRIAL
Listing Agency:
Radius Commercial Real Estate
(805) 879-9623
Listed By:
Gene Deering · License #01450943
(805) 879-9623
Source:
Moodyscre
Added: Oct 16, 2025
Changed: Jul 26
Last Checked: Jul 29 at 4:00PM
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
Investment Insights
Based on property information with market context.
This multi-purpose industrial flex building provides 23,433 SF of industrial space suited for a range of operational needs. The property is presented for sale, with a noted major price reduction.
Located at 601 E Montecito St in Santa Barbara, California, the building offers a single-site configuration designed to support light industrial and flexible uses.
With its substantial total square footage, the facility can accommodate tenant improvements and layouts appropriate to the intended use, subject to applicable requirements.
Located at 601 E Montecito St in Santa Barbara, California, the building offers a single-site configuration designed to support light industrial and flexible uses.
With its substantial total square footage, the facility can accommodate tenant improvements and layouts appropriate to the intended use, subject to applicable requirements.
Key Highlights
- Multi‑purpose industrial facility offering 23,433 SF of industrial space
- Flexible commercial use with a multi‑purpose building setup
Financial Insights For Flex RnD
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 | $478.0k | $20.40 |
| − Vacancy | −$15.8k | −$0.67 |
| EGI | $462.3k | $19.73 |
| − OpEx | −$161.8k | −$6.90 |
| NOI | $300.5k | $12.82 |
23,433 SF · lease $20.40/SF/yr · vacancy 3.30% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$4.29M
$3.76M – $5.01M
NOI $300,468 @ 7.0% cap · market cap 7.80%
Second Best
Industrial
$2.05M
$1.79M – $2.39M
NOI $143,503 @ 7.0% cap · market cap 3.73%
Theoretical Best
Multifamily LT 5
$7.35M
$6.44M – $8.58M
NOI $514,826 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Semi Private Chef — 205 W Montecito St, Santa Barbara, CA 93101
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- Shalhoob's Santa Barbara Style Catering — 209 Gray Ave, Santa Barbara, CA 93101
- Welcome Coffee Cart — 818 De La Vina St, Santa Barbara, CA 93101
- Shalhoob's Funk Zone Patio — 220 Gray Ave, Santa Barbara, CA 93101
Frequently Asked Questions
What type of property is this?
Flex space - Multi-purpose industrial facility offering 23,433 SF of space for flexible commercial use.
Where is this flex space located?
The property is located at 601 E Montecito St Santa Barbara, CA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Multi‑purpose industrial facility offering 23,433 SF of industrial space; Flexible commercial use with a multi‑purpose building setup
