Established Neighborhood Grocery
939 Embercadero Del Mar, Goleta, CA 93117
For Sale
New
$2,750,000
Goleta, CA
Property Size6,500 SF
Price / SF$423.08
Days on Market4
Property Features for 939 Embercadero Del Mar
General Information
Property type
Property subtype
Subdivision
Standard status
APN
Tenancy & Operations
Currently Operating
Business Included
Building Details
Year built
Listing Agency:
Real Estate EBroker, Inc.
(760) 722-3222
Listed By:
Pardeep Singh · License CA #02214563
(805) 600-4800
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# V1-39740
Copyright © 2026 California Regional MLS - Pasadena-Foothills and Ventura County Coastal. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The approximately 6,500-square-foot market has operated in the Isla Vista community since 1961. Its established grocery operation is positioned near UC Santa Barbara, within a coastal college community with surrounding residential and student populations.
The business is located at 939 Embercadero Del Mar in Goleta. UC Santa Barbara serves more than 26,000 students.
The business is located at 939 Embercadero Del Mar in Goleta. UC Santa Barbara serves more than 26,000 students.
Key Highlights
- Approximately 6,500 SF of market space
- Market operation dates to 1961
- Located near UC Santa Barbara in Isla Vista
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,825
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,036,500
$2.0M
Cap Rate 7%
$1,454,643
$1.5M
Cap Rate 9%
$1,131,389
$1.1M
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$140.4K $21.60/SF
− Vacancy
−$4.6K −$0.71/SF
EGI
$135.8K $20.89/SF
− OpEx
−$33.9K −$5.22/SF
NOI
$101.8K $15.67/SF
Area
Santa Barbara County, CA
Vacancy
3.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,036,500
Cap Rate 7%
$1,454,643
Cap Rate 9%
$1,131,389
Alternative Uses
Best Use
Specialty Retail
$1.45M
$1.27M – $1.70M
NOI $101,825 @ 7.0% cap · market cap 3.70%
Second Best
Retail
$1.44M
$1.26M – $1.68M
NOI $101,010 @ 7.0% cap · market cap 3.67%
Theoretical Best
Multifamily LT 5
$2.04M
$1.79M – $2.38M
NOI $142,806 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 91%
Shops & Services 9%
Starbucks
Dining
7,865 visits/mo
0.1 miles
The Habit Burger Grill
Dining
5,906 visits/mo
0.1 miles
Domino's Pizza
Dining
4,621 visits/mo
0.0 miles
Wingstop
Dining
3,100 visits/mo
0.1 miles
Chase Bank
Shops & Services
2,389 visits/mo
0.1 miles
Demographics for 93117, CA
53,430
Population
18,208
Households
2.9
Avg Household Size
28
Median Age
49%
College-Educated
90%
High-School Grad
168.1 sq mi
ZIP Area
318
Density / Sq Mi
$85,711
Median Household Income
$28,542
Median Earnings
$1,980
Median Rent
$1,021,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - An operating market near UC Santa Barbara serves the surrounding Isla Vista community.
Where is this grocery and convenience store located?
The property is located at 939 Embercadero Del Mar Goleta, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Approximately 6,500 SF of market space; Market operation dates to 1961; Located near UC Santa Barbara in Isla Vista
