Coastal Two-Building Office
For Sale
$9,750,000
6185 Carpinteria Avenue, Carpinteria, CA 93013
Two-story office buildings provide kitchenettes, break rooms, patios, and an open-air connection for professional or creative users.
Property Size40,763 SF
Lot Size3.58 Acres
Price / SF$239.19
Days on Market55
Property Features for 6185 Carpinteria Avenue
General Information
Standard status
Active
Size
40,763 SF
Lot size
3.58 Acres
Property subtype
Business
Amenities
kitchenettes
break rooms
outdoor patios
walking trails
Building Details
Building Size
40,763 SF
Buildings
2
Stories
2
Listing Agency:
Radius Group Commercial R.E.
Listed By:
Robert Tuler
(805) 965-5500
Source:
Erichaskellgroup
Added: Aug 14
Changed: Oct 2
Last Checked: Oct 7 at 3:31PM
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 Group Commercial R.E.
Investment Insights
Based on property information with market context.
This office property comprises two separate two-story buildings totaling approximately 40,763 square feet on approximately 3.58 acres. An open-air breezeway links the structures, while multiple kitchenettes, break rooms, and outdoor patios support a campus-style workplace for professional and creative users.
The property is positioned on the Carpinteria bluffs overlooking the Pacific Ocean. Walking trails along the bluffs surround the site, and the coastal setting provides access to outdoor areas and ocean views from the office environment.
The property is positioned on the Carpinteria bluffs overlooking the Pacific Ocean. Walking trails along the bluffs surround the site, and the coastal setting provides access to outdoor areas and ocean views from the office environment.
Key Highlights
- Two separate two‑story office buildings totaling +-40,763 square feet
- Set on +-3.58 acres overlooking the Pacific Ocean
- Open‑air breezeway connects the office buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$727,204
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,544,080
$14.5M
Cap Rate 7%
$10,388,629
$10.4M
Cap Rate 9%
$8,080,044
$8.1M
Market Conditions
NOI Build-Up for 40,763 SF
Gross rent
$1.08M $26.40/SF
− Vacancy
−$106.5K −$2.61/SF
EGI
$969.6K $23.79/SF
− OpEx
−$242.4K −$5.95/SF
NOI
$727.2K $17.84/SF
Area
Santa Barbara County, CA
Vacancy
9.90%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,544,080
Cap Rate 7%
$10,388,629
Cap Rate 9%
$8,080,044
Alternative Uses
Best Use
Office B
$10.39M
$9.09M – $12.12M
NOI $727,204 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$12.79M
$11.19M – $14.93M
NOI $895,568 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Explore this area
Business Placement
Demographics for 93013, CA
16,299
Population
7,640
Households
2.1
Avg Household Size
45
Median Age
46%
College-Educated
87%
High-School Grad
41.4 sq mi
ZIP Area
394
Density / Sq Mi
$115,633
Median Household Income
$49,017
Median Earnings
$2,331
Median Rent
$1,074,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office buildings provide kitchenettes, break rooms, patios, and an open-air connection for professional or creative users.
Where is this office building located?
The property is located at 6185 Carpinteria Avenue Carpinteria, CA.
What is the asking price?
The asking price for this property is $9,750,000.
What are key features of this property?
This property features: Two separate two‑story office buildings totaling +-40,763 square feet; Set on +-3.58 acres overlooking the Pacific Ocean; Open‑air breezeway connects the office buildings
