Add Listing
    For Sale
    • 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

    517 Junipero St Santa Barbara, CA 93105

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Medical Office w/ Apartments

    Property size:
    3,714 SF

    Property Features for 517 Junipero St

    General Information

    Property type
    Medical Office Space
    Square Feet
    3,714 SF

    Building Details

    Year Built
    1963
    Stories
    2
    Units
    4

    We can help!

    Listing Contact
    Robert Rauchhaus
    Robert Rauchhaus

    Listing Agency: Radius Commercial Real Estate & Investments Santa Barbara Listing Agent: Robert Rauchhaus

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

    Learn more

    Property Insight Report

    Overview

    This exceptional two-story medical office building, totaling 3,714 square feet, is situated on Junipero Street in Santa Barbara, CA, near Cottage Hospital. The ground floor comprises a spacious medical office, perfect for healthcare professionals seeking expansion in a thriving medical district. Upstairs, three one-bedroom, one-bathroom apartments offer additional income potential or staff housing. The property includes six off-street parking spaces, ensuring convenience for patients and staff. Built in 1963, this well-maintained building sits on a 7,840 square-foot lot and is zoned C-O (APN 025-090-009). Recent renovations totaling $1,000,000 enhance its appeal. The building can be delivered vacant or with a three-year leaseback option for the medical office
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cummings Douglas MD Physician Douglas Jackson Pediatrician Shaun Ehsani Pediatrician Jackson Medical Group Medical Clinic Ms. Karen Hanna ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    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
    -119.72575
    Latitude
    34.4287643

    Nearby Similar for Sale

    • Contact for pricing
      1,530 SF

      Established Restaurant Location For Lease

      High-visibility restaurant space with patio on signalized corner.
      2000 De La Vina St, Santa Barbara, CA 93105
      View Details
    • Contact for pricing
      910 SF

      Remodeled Restaurant Space on Pardall

      Remodeled 910 SF restaurant space ready for your concept.
      6580 Pardall Rd, Santa Barbara, CA 93117
      View Details
    • Contact for pricing
      325 SF

      Downtown Santa Barbara Office Space

      Office space in the heart of downtown Santa Barbara.
      1309 Anacapa St, Santa Barbara, CA 93101
      View Details
    • $1,499,999
      1,342 SF

      Charming Santa Barbara Office Property

      Charming office property near State Street with rare wrap-around driveway.
      136 West Figueroa St, Santa Barbara, CA 93101
      View Details
    • $6,750,000
      10,650 SF

      Santa Barbara Multi-Tenant Investment Opportunity

      Multi-tenant investment opportunity in Santa Barbara's San Roque neighborhood.
      3609 State St, Santa Barbara, CA 93105
      View Details
    • New
      $2,950,000

      Santa Barbara Multifamily Turnkey Property

      Remodeled duplex near landmarks, ideal for owner-user or extended family.
      518 E Islay St, Santa Barbara, CA 93101
      View Details
    • $2,150,000
      0.21 Acres

      Downtown Santa Barbara Triplex Opportunity

      Triplex in prime downtown Santa Barbara with off-street parking.
      1428-1424 De La Vina St, Santa Barbara, CA 93101
      View Details
    • $3,950,000
      0.17 Acres

      Santa Barbara Multifamily Near SBCC

      Sixteen-bedroom multifamily property one block from Santa Barbara City College.
      415 Rancheria St, Santa Barbara, CA 93101
      View Details
    • $2,295,000

      Santa Barbara Duplex with Views

      Renovated duplex in prime location near downtown Santa Barbara.
      514 E Islay St, Santa Barbara, CA 93101
      View Details
    • $2,775,000
      3,400 SF

      Updated Santa Barbara Multifamily Home

      Flexible multifamily property with income potential in Santa Barbara, CA.
      2937 Glen Albyn Dr, Santa Barbara, CA 93105
      View Details
    • $2,875,000
      1,567 SF

      Santa Barbara Triplex with Garages

      Triplex in Santa Barbara with craftsman home and rental income.
      1917 Bath St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing

      Goleta Target NNN-Leased Property

      Premier single-tenant Target property in Goleta, Santa Barbara County.
      6865 Hollister Ave, Santa Barbara, CA 93117
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Prime Medical Office w/ Apartments
    Where is this medical office space located?
    The property is located at 517 Junipero St Santa Barbara, CA.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: 3,714 SF medical office building; 7,840 SF lot size; Four units: ground floor medical office, three 1-bedroom/1-bathroom apartments; $1,000,000 in recent renovations
    (805) 965-5500 Call to check price and availability
    Request Owner's contact information
    517 Junipero St Santa Barbara, CA 93105
    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.
    517 Junipero St
    Santa Barbara, CA 93105
    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
    517 Junipero St Santa Barbara, CA 93105
    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 Robert Rauchhaus
    Robert Rauchhaus
    Real Estate License ID: 1891927
    (805) 965-5500
    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!