Listing Agency: NextHome Central Coast Show Phone

Listed By: Christopher Cucchiara · License #02023880,PersonLicenseNumber Show Phone

Added: Aug 13 Changed: Aug 28 Last Checked: Oct 15 at 10:06AM

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MLS# PI26014395

Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This three-level mixed-use property provides approximately 3,000 square feet on each level, including a partially finished basement, an open primary floor, and an upper level currently configured as a large office. Remodeling and seismic improvements were completed between 2011 and 2012. The primary floor includes two ADA-approved bathrooms, acoustic sound panels, two mezzanines, a retained ticket booth, and a wine-barrel open bar. One mezzanine contains a sound studio, while the other includes one-bedroom, one-bath apartment-style quarters.

The upper level features original wood paneling and exposed brick, with a layout that may be reconfigured into separate living areas subject to county approval. A backyard adds outdoor space for gatherings and may offer potential for an ADU or additional owner-occupied living space, also subject to county approval. The property is located on the main road in downtown Guadalupe at 910 Guadalupe, Guadalupe, CA 93434.

Key Highlights

• Three levels, each approximately 3,000 sqft
• Remodeling and seismic improvements completed between 2011 and 2012
• Primary floor includes two ADA‑approved bathrooms and acoustic sound panels

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$160,558

Cap Rate

8.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,211,160 $3.2M

Cap Rate 7%

$2,293,686 $2.3M

Cap Rate 9%

$1,783,978 $1.8M

Market Conditions

NOI Build-Up for 9,000 SF

Gross rent

$237.6K $26.40/SF

− Vacancy

−$23.5K −$2.61/SF

EGI

$214.1K $23.79/SF

− OpEx

−$53.5K −$5.95/SF

NOI

$160.6K $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%

$3,211,160

Cap Rate 7%

$2,293,686

Cap Rate 9%

$1,783,978

Alternative Uses

Best Use

Office B

$2.29M

$2.01M – $2.68M (±1% cap)

NOI $160,558 @ 7.0% cap · market cap 8.68%

Second Best

Mixed Use

$909.8K

$796.1K – $1.06M (±1% cap)

NOI $63,684 @ 7.0% cap · market cap 3.44%

Theoretical Best

Multifamily LT 5

$2.82M

$2.47M – $3.30M (±1% cap)

NOI $197,731 @ 7.0% cap · market cap 10.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Kitchen & Bath Showroom Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

182

Businesses Nearby

Explore this area Business Placement

Demographics for 93434, CA

8,120

Population

2,296

Households

3.5

Avg Household Size

30

Median Age

12%

College-Educated

57%

High-School Grad

22.8 sq mi

ZIP Area

356

Density / Sq Mi

$71,351

Median Household Income

$34,727

Median Earnings

$1,674

Median Rent

$454,200

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Remodeled downtown property with office, open event, residential, and flexible commercial areas.

Where is this mixed-use property located?

The property is located at 910 Guadalupe Guadalupe, CA.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: Three levels, each approximately 3,000 sqft; Remodeling and seismic improvements completed between 2011 and 2012; Primary floor includes two ADA‑approved bathrooms and acoustic sound panels