Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    175 Cremona Dr Goleta, CA 93117

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Goleta location, flexible suites.

    Lot size:
    19,571 SF

    Property Features for 175 Cremona Dr

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,571 SF

    Spaces For Lease

    at 175 Cremona Dr, Goleta, CA 93117 Contact us
    Unit Suite 140

    $23 /Mo

    Size
    6,673 SF
    Contact us
    Unit Second Floor

    $22 /Mo

    Size
    12,898 SF
    Contact us

    We can help!

    Listing Contact
    Francois Dejohn
    Francois Dejohn

    Listing Agency: Hayes Commercial Group Listing Agent: Francois Dejohn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional office and R&D property, located at 175 Cremona Dr, Goleta, CA 93117, within the 11.1-acre Tech Park @ Cremona campus, offers multiple suite options ideal for a variety of uses. The property boasts a high-profile location and ample parking. Three individual suites are available: Suite 140 (6,673 square feet), Suite 210 (6,903 square feet), and Suite 220 (5,753 square feet). Suite 140 features private offices surrounding a central open office/lab area with the potential for a roll-up door. Suite 210 offers a blend of private offices and open space. Suite 220 includes a spacious conference room with a sink. Importantly, these suites are contiguous and can be leased together, totaling 12,656 square feet. The landlord is willing to collaborate with tenants to customize the space to meet specific needs for office, R&D, lab, or a combination of these uses. The property enjoys convenient access to Highway 101, the University of California, Santa Barbara (UCSB), and Santa Barbara Airport. On-site amenities include a fitness center. This is a truly unique opportunity in Goleta's thriving technology corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Goleta
    County
    Santa Barbara
    State
    California
    Longitude
    -119.85751177194
    Latitude
    34.431225933088

    Nearby Similar for Lease

    • $2 SF/Yr
      23,992 SF

      Goleta Retail Anchor Opportunity

      Prominent retail space with high ceilings and rear loading.
      139-189 N Fairview Ave, Goleta, CA 93117
      View Details
    • $2 SF/Yr
      5,305 SF

      Goleta Retail Space For Rent

      Retail space available for lease in Goleta, California.
      125-131 N Fairview Ave, Goleta, CA 93117
      View Details
    • $1.70 SF/Yr
      14,457 SF

      Goleta Creative Office Space Available

      Creative office space featuring mountain views, natural light, and patio.
      147-153 Castilian Dr, Goleta, CA 93117
      View Details
    • $3 SF/Yr
      2,250 SF

      Goleta Retail/Restaurant Space Available

      Retail or restaurant space available for lease in Goleta.
      928-938 Embarcadero Del Norte, Goleta, CA 93117
      View Details
    • $3 SF/Yr
      3,757 SF

      Retail Space on Storke Road

      End-cap retail space available for rent in Goleta, California.
      290 Storke Rd, Goleta, CA 93117
      View Details
    • $1.95 SF/Yr
      3,526 SF

      Goleta Warehouse Space Available

      Industrial/warehouse unit in Cabrillo Business Park, Goleta's Tech Corridor.
      289 Coromar Dr, Goleta, CA 93117
      View Details
    • $3 SF/Yr
      2,664 SF

      Restaurant Space with Apartment

      Restaurant space with a one-bedroom apartment for rent.
      5723 Hollister Ave, Goleta, CA
      View Details
    • $2 SF/Yr
      900 SF

      Goleta Office/Medical/Retail Space Available

      Versatile 900 SF space suitable for office, medical, or retail.
      160 N Fairview Ave, Goleta, CA 93117
      View Details
    • Contact for pricing

      Retail Property 100% Leased

      Retail property in Goleta, CA, currently 100% leased.
      270 Storke Rd, Goleta, CA 93117
      View Details
    • $1.90 SF/Yr
      1,857 SF

      Goleta Shopping Center For Rent

      26,620 SF shopping center with high visibility.
      185-187 S Patterson Ave, Goleta, CA 93111
      View Details
    • Contact for pricing

      Leased Retail Property in Goleta

      100% leased retail property with no current availabilities.
      264 Orange Ave, Goleta, CA 93117
      View Details
    • $2 SF/Yr
      714 SF

      Goleta Office Space Available

      Office space available for lease in Goleta, California.
      5951 Encina Rd, Goleta, CA 93117
      View Details

    FAQs

    What type of property is this?
    Life science property - Prime Goleta location, flexible suites.
    Where is this life science property located?
    The property is located at 175 Cremona Dr Goleta, CA.
    What is the lease rate?
    The lease rate is $22-$23 SF/Yr.
    What are key features of this property?
    This property features: Three contiguous suites totaling 12,656 square feet available for lease in Goleta's Tech Park @ Cremona.; Suite 140 (6,673 SF) and Suite 210 (6,903 SF) and Suite 220 (5,753 SF) offer flexible layouts suitable for office, R&D, or lab use.; Suite 140 rents for $1.95/SF NNN, while the second floor suites rent for $1.85/SF NNN.
    (805) 898-4365 Call to check price and availability
    Request Owner's contact information
    175 Cremona Dr Goleta, CA 93117
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    175 Cremona Dr
    Goleta, CA 93117
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    175 Cremona Dr Goleta, CA 93117
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Francois Dejohn
    Francois Dejohn
    Real Estate License ID: CA01144570
    (805) 898-4365 (805) 898-4363
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!