Office Units with Flexible Duplex
For Sale
Contact for pricing
6398 Cindy Ln, Carpinteria, CA 93013
Two separate office units can operate as a duplex or as individual spaces, with a lease in effect until 2028.
Property Size19,063 SF
Price / SF$288.52
Days on Market340
Property Features for 6398 Cindy Ln
General Information
Standard status
Active
Size
19,063 SF
Property subtype
OFFICE
Additional Details
Office Units
2
Building Details
Tenancy
Single
Owner Occupied
No
Listing Agency:
Real Investments
(805) 985-1000
Listed By:
Steven Canchola · License #01269596
(805) 985-1000
Source:
Moodyscre
Added: Aug 25, 2025
Changed: Jul 29
Last Checked: Jul 29 at 10:05PM
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 Real Investments
Investment Insights
Based on property information with market context.
Two separate office units offer flexible configuration for an owner-user or investor. The layout can function as a duplex, or be used as singular spaces depending on tenant needs and operating plans.
A solid lease agreement is in effect until 2028. The tenant may be open to a buyout, which could provide near-term flexibility if timing matters.
The property totals 19,063 square feet, supporting multiple workplace configurations while maintaining the option to separate operations when desired.
A solid lease agreement is in effect until 2028. The tenant may be open to a buyout, which could provide near-term flexibility if timing matters.
The property totals 19,063 square feet, supporting multiple workplace configurations while maintaining the option to separate operations when desired.
Key Highlights
- 19,063 SF office building with two separate units
- Flexible use as a duplex or as singular office spaces
- Lease agreement in effect until 2028
Financial Insights For Office B
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 | $503.3k | $26.40 |
| − Vacancy | −$49.8k | −$2.61 |
| EGI | $453.4k | $23.79 |
| − OpEx | −$113.4k | −$5.95 |
| NOI | $340.1k | $17.84 |
19,063 SF · lease $26.40/SF/yr · vacancy 9.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.86M
$4.25M – $5.67M
NOI $340,080 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$5.98M
$5.24M – $6.98M
NOI $418,816 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
164
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two separate office units can operate as a duplex or as individual spaces, with a lease in effect until 2028.
Where is this office units located?
The property is located at 6398 Cindy Ln Carpinteria, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 19,063 SF office building with two separate units; Flexible use as a duplex or as singular office spaces; Lease agreement in effect until 2028
