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    Property profile & analytics

    1165 Coast Vlg Rd Santa Barbara, CA 93108-2747

    • Investment properties
    • 0.84 lot acres
    OFF-MARKET
    Value Estimations
    $610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2384748
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Joe McCorkell- Realtor Associate Sotheby’s International Realty / Real Estate Agent / Real Estate Consultant
    • Maureen McDermut Real Estate / Real Estate Agency
    • Linda Brown Realtor - Sotheby's International Realty / Real Estate Agency
    • Dusty Baker Group / Real Estate Agency / Real Estate Agent
    • Jennifer Gore - Santa Barbara Realty / Real Estate Agent

    Property Details for 1165 Coast Vlg Rd

    Lot size
    0.84 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    009-291-007
    APU
    9291007

    Description

    This exceptional 3,844 square foot medical office space is available for lease in the prestigious Paseo Mariposa building at 1165 Coast Village Road, Suite I, Montecito, CA 93108. Located in the heart of Montecito, this single-tenant space offers a tranquil setting and convenient access to Coast Village Circle. The property boasts an efficient layout, perfect for a variety of medical practices. The building is zoned C-2 and features ample onsite parking, a significant advantage in this desirable area. The suite is currently entirely vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. The property's APN is 009-291-007, and it's situated in Santa Barbara County. This is a rare opportunity to secure a highly desirable medical office space in one of Montecito's finest buildings. The address is easily accessible and benefits from high visibility. The space is divisible, offering flexibility for tenants requiring varying square footage needs. This property presents a fantastic opportunity for a medical practice seeking a prime location in a sought-after community. Don't miss this chance to establish your practice in this exceptional setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $610,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Barbara
    County
    Santa Barbara
    State
    California
    Longitude
    -119.646
    Latitude
    34.4207
    CBSA code
    42200
    CBSA name
    SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $58,379
    $2,166,294
    $2,684,998
    $4,851,292
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $265,000
      0.55 Acres

      1120 Coast Vlg Cir

      STORE/OFFICE (MIXED USE) • 0.55 Acres
      1120 Coast Vlg Cir, Santa Barbara, CA 93108-2711
      View Details
    • Value Estimation
      $805,000
      630 SF

      525 San Ysidro Rd

      STORE/OFFICE (MIXED USE) • 630 SF
      525 San Ysidro Rd, Santa Barbara, CA 93108-2158
      View Details
    • Value Estimation
      $11,835,000
      0.16 Acres

      1290 Coast Vlg Rd

      STORE/OFFICE (MIXED USE) • 0.16 Acres
      1290 Coast Vlg Rd, Santa Barbara, CA 93108-2749
      View Details
    • Value Estimation
      $305,000
      4,983 SF

      539 San Ysidro Rd

      STORE/OFFICE (MIXED USE) • 4,983 SF
      539 San Ysidro Rd, Santa Barbara, CA 93108-2195
      View Details
    • Value Estimation
      $805,000
      1.30 Acres

      1187 Coast Vlg Rd

      STORE/OFFICE (MIXED USE) • 1.30 Acres
      1187 Coast Vlg Rd, Santa Barbara, CA 93108-2737
      View Details
    • Value Estimation
      $930,000
      0.19 Acres

      1131 Coast Vlg Rd

      STORE/OFFICE (MIXED USE) • 0.19 Acres
      1131 Coast Vlg Rd, Santa Barbara, CA 93108-2716
      View Details

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      3,800 SF

      Montecito Office Space for Lease

      Prime Montecito location, divisible office suite.
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      Land for Sale

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    Similar Nearby for Lease

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      17,706 SF

      Montecito Retail Space Available

      Prime Montecito retail, multiple spaces.
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      Leased Office Space in Montecito

      Fully leased office property in Montecito, CA.
      1290-1292 Coast Village Rd, Montecito, CA 93108
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      1,398 SF

      Retail Space on Coast Village

      Boutique retail space available for sublease in Santa Barbara.
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      Leased Retail Property

      Retail property in Santa Barbara, CA, currently 100% leased.
      1046 Coast Village Rd, Santa Barbara, CA 93108
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      Leased Office Space in Santa Barbara

      100% leased office building in Santa Barbara, CA.
      1224 Coast Village Rd, Santa Barbara, CA 93108
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    • Contact for pricing

      Retail Property in Santa Barbara

      Fully leased retail property in Santa Barbara, California.
      1505 E Valley Rd, Santa Barbara, CA 93108
      View Details
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    Santa Barbara, CA 93108-2747
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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