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

    715 State St Santa Barbara, CA 93101

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

    Prime 2,912 sq ft office, State Street.

    Lot size:
    2,912 SF

    Property Features for 715 State St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,912 SF

    Spaces For Lease

    at 715 State St, Santa Barbara, CA 93101 Contact us
    Unit

    $27 /Mo

    Size
    2,912 SF
    Contact us

    We can help!

    Listing Contact
    Kris Roth
    Kris Roth

    Listing Agency: Hayes Commercial Group Listing Agent: Kris Roth

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

    Learn more

    Overview

    This exceptional 2,912 square foot traditional office space is ideally situated on the second floor of 715 State Street in the vibrant heart of downtown Santa Barbara, California. The single-tenant suite boasts a desirable blend of open workspace areas perfect for collaborative projects and private offices ensuring individual privacy and focus. High ceilings contribute to a spacious and airy atmosphere. A convenient kitchenette is included for employee use. The property is zoned C-2 and its APN is 037-400-018 within Santa Barbara County. Located on State Street, with convenient access to E Ortega St, this location offers unparalleled proximity to a wealth of amenities, restaurants, and businesses that downtown Santa Barbara has to offer. The building does not have an elevator. This is a fantastic opportunity for a business seeking a prestigious and functional office space in a highly desirable location. The property is located at 715 State St, Santa Barbara, CA 93101 (Latitude: 34.418914, Longitude: -119.698699).
    Property Profile Location Intelligence

    Current Use by Public Records

    Marc F Jones ... Insurance Agency Ascendim Telecommunications Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Barbara
    County
    Santa Barbara
    State
    California
    Longitude
    -119.698699
    Latitude
    34.418914

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      CA, Santa Barbara - Downtown Santa Barbara

      Meet, work or collaborate in our professional Columbia Center business center
      7 Figueroa St, Santa Barbara, CA 93101
      View Details
    • $3 SF/Yr
      5,000 SF

      Remodeled Suites on North Milpas

      Renovated suites suitable for office or retail use.
      422 N Milpas St, Santa Barbara, CA 93103
      View Details
    • $2 SF/Yr
      2,600 SF

      Creative Office Space Available

      Creative office space for rent in Santa Barbara, CA.
      826 De La Vina St, Santa Barbara, CA 93101
      View Details
    • $4 SF/Yr
      2,040 SF

      Retail Pad Building For Rent

      Freestanding retail building with high visibility, anchored by Whole Foods.
      3771 State St, Santa Barbara, CA 93105
      View Details
    • $3 SF/Yr
      4,300 SF

      Retail Space Available For Rent

      Retail space with HVAC and restrooms available for rent.
      915 State St, Santa Barbara, CA 93101
      View Details
    • $8 SF/Yr
      803 SF

      Retail Space on State Street

      Retail space available for rent on State Street.
      811 State St, Santa Barbara, CA 93101
      View Details
    • $1.60 SF/Yr
      5,274 SF

      Santa Barbara Office Space Available

      Second floor office with private offices, conference room, and kitchenette.
      25 W Anapamu St, Santa Barbara, CA 93101
      View Details
    • $2 SF/Yr
      2,912 SF

      Santa Barbara Office Space Available

      Office suite with open workspace, private offices, and kitchenette.
      715-719 State St, Santa Barbara, CA 93101
      View Details
    • $6 SF/Yr
      2,858 SF

      Retail Space on State Street

      2,858 SF retail space with frontage on State.
      803 State St, Santa Barbara, CA 93101
      View Details
    • $3 SF/Yr
      2,448 SF

      Retail Space in Shell Condition

      2,448 SF retail space available for rent at $3.75 NNN.
      2010 Cliff Dr, Santa Barbara, CA 93109
      View Details
    • $2 SF/Yr
      4,786 SF

      Retail/Office Space on State St

      Two-level retail/office space available for rent.
      913 State St, Santa Barbara, CA 93101
      View Details
    • $5 SF/Yr
      1,384 SF

      Retail Space on State Street

      Retail space available for lease in Santa Barbara, CA.
      819 State St, Santa Barbara, CA 93101
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime 2,912 sq ft office, State Street.
    Where is this office property / space located?
    The property is located at 715 State St Santa Barbara, CA.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: 2,912 SF of space.; $2.25 million asking price.; Tenant pays utilities.
    (805) 563-2111 Call to check price and availability
    Request Owner's contact information
    715 State St Santa Barbara, CA 93101
    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.
    715 State St
    Santa Barbara, CA 93101
    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
    715 State St Santa Barbara, CA 93101
    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 Kris Roth
    Kris Roth
    (805) 563-2111
    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!