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$119.28
Days on Market390
Property Features for 601 E Montecito St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Radius Commercial Real Estate
(805) 965-5500
Listed By:
Gene Deering · License #1450943
(805) 879-9623
Source:
Moodyscre
Added: Oct 16, 2025
Changed: Oct 26
Last Checked: Nov 8 at 7:09AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$143,503
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,870,060
$2.9M
Cap Rate 7%
$2,050,043
$2.1M
Cap Rate 9%
$1,594,478
$1.6M
Market Conditions
NOI Build-Up for 23,433 SF
Gross rent
$239.0K $10.20/SF
− Vacancy
−$34.0K −$1.45/SF
EGI
$205.0K $8.75/SF
− OpEx
−$61.5K −$2.62/SF
NOI
$143.5K $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%
$2,870,060
Cap Rate 7%
$2,050,043
Cap Rate 9%
$1,594,478
Alternative Uses
Best Use
Flex RnD
$4.29M
$3.76M – $5.01M
NOI $300,468 @ 7.0% cap · market cap 10.75%
Second Best
Industrial
$2.05M
$1.79M – $2.39M
NOI $143,503 @ 7.0% cap · market cap 5.13%
Theoretical Best
Multifamily LT 5
$7.35M
$6.44M – $8.58M
NOI $514,826 @ 7.0% cap · market cap 18.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,105
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 93103, CA
20,029
Population
8,069
Households
2.5
Avg Household Size
39
Median Age
46%
College-Educated
87%
High-School Grad
5.5 sq mi
ZIP Area
3,642
Density / Sq Mi
$118,118
Median Household Income
$46,441
Median Earnings
$2,407
Median Rent
$1,555,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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
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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 $2,795,000.
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
