Carpinteria Office with Ocean
For Sale
$4,985,000
6398 Cindy Lane, Carpinteria, CA 93013
19,063 SF Carpinteria office building with ocean and mountain views.
Property Size19,063 SF
Lot Size1.00 Acre
Price / SF$261.50
Days on Market195
Property Features for 6398 Cindy Lane
General Information
Standard status
Active
Size
19,063 SF
Lot size
1.00 Acre
Property subtype
Office
Building Details
Building Size
19,063 SF
Listing Agency:
Real Investments
Listed By:
Steven Canchola · License #01901722
Source:
Velocityrealtysd
Added: Mar 27
Changed: Oct 2
Last Checked: Oct 5 at 11:52PM
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.
Located in Carpinteria, the property at 6398 Cindy Lane offers approximately 19,063 square feet on approximately 1 acre. The two-story office building features elevator access and a versatile duplex configuration. It is located near the Pacific Ocean, offering ocean and mountain views. The property includes approximately 57 on-site parking spaces. The location provides access to dining, retail shops, and recreational facilities. The building is accessible via major highways and public transportation. The property is currently income-producing, with a strong lease in place until 2028. The tenant may be open to a buyout. The property includes a kitchen and dining area. The exterior features landscaping. The property includes a dedicated space for showcasing a car collection or personal retreat. Sellers are open to considering exchanges for real property of equal or greater value located in Ventura or Santa Barbara County. Acceptable property types include residential, commercial, industrial, income-producing, or vacant land.
Key Highlights
- Significantly under replacement cost: Listed at $4,985,000, offering substantial savings.
- Breathtaking ocean and mountain views create an inspiring environment.
- Strong lease in place until 2028, providing immediate income; tenant may be open to a buyout.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$340,080
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,801,600
$6.8M
Cap Rate 7%
$4,858,286
$4.9M
Cap Rate 9%
$3,778,667
$3.8M
Market Conditions
NOI Build-Up for 19,063 SF
Gross rent
$503.3K $26.40/SF
− Vacancy
−$49.8K −$2.61/SF
EGI
$453.4K $23.79/SF
− OpEx
−$113.4K −$5.95/SF
NOI
$340.1K $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%
$6,801,600
Cap Rate 7%
$4,858,286
Cap Rate 9%
$3,778,667
Alternative Uses
Best Use
Office B
$4.86M
$4.25M – $5.67M
NOI $340,080 @ 7.0% cap · market cap 6.82%
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 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - 19,063 SF Carpinteria office building with ocean and mountain views.
Where is this office building located?
The property is located at 6398 Cindy Lane Carpinteria, CA.
What is the asking price?
The asking price for this property is $4,985,000.
What are key features of this property?
This property features: Significantly under replacement cost: Listed at $4,985,000, offering substantial savings.; Breathtaking ocean and mountain views create an inspiring environment.; Strong lease in place until 2028, providing immediate income; tenant may be open to a buyout.
