Office Suite with Open Floor
For Sale
Contact for pricing
99-1525 State St, Santa Barbara, CA 93101
Office-only suite featuring an open layout and abundant natural light in Santa Barbara’s State Street corridor.
Property Size325 SF
Price / SF$6.15
Days on Market157
Property Features for 99-1525 State St
General Information
Standard status
Active
Size
325 SF
Listing Agency:
Radius Group Commercial R.E.
(805) 965-5500
Listed By:
Gene Deering · License #01450943
(805) 879-9623
Source:
Exprealty
Added: May 18
Changed: Oct 6
Last Checked: Oct 20 at 11:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Radius Group Commercial R.E.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 99 is an office-only space offered in Santa Barbara along State Street. The suite is laid out with an open floor plan and abundant natural light, designed to support a bright, professional work environment. Its efficient configuration is well suited for an executive office or a small professional user, with a clean, modern feel.
Positioned along one of Santa Barbara’s sought-after corridors, the property provides easy access to nearby amenities, dining, and services for both employees and clients.
Positioned along one of Santa Barbara’s sought-after corridors, the property provides easy access to nearby amenities, dining, and services for both employees and clients.
Key Highlights
- Office‑only Suite 99 with approx. 1,325 SF in Santa Barbara’s State Street corridor
- Open floor plan designed for an executive office or small professional user
- Abundant natural light for a bright, professional workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,798
Suggested Prices Based on Cap Rates
Cap Rate 5%
$115,960
$116.0K
Cap Rate 7%
$82,829
$82.8K
Cap Rate 9%
$64,422
$64.4K
Market Conditions
NOI Build-Up for 325 SF
Gross rent
$8.6K $26.40/SF
− Vacancy
−$849 −$2.61/SF
EGI
$7.7K $23.79/SF
− OpEx
−$1.9K −$5.95/SF
NOI
$5.8K $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%
$115,960
Cap Rate 7%
$82,829
Cap Rate 9%
$64,422
Alternative Uses
Best Use
Office B
$82.8K
$72.5K – $96.6K
NOI $5,798 @ 7.0% cap · market cap 289.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$102.0K
$89.3K – $119.0K
NOI $7,140 @ 7.0% cap · market cap 357.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,148
Businesses Nearby
Explore this area
Business Placement
Demographics for 93101, CA
30,513
Population
13,664
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
9,535
Density / Sq Mi
$79,868
Median Household Income
$42,614
Median Earnings
$2,109
Median Rent
$1,122,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office-only suite featuring an open layout and abundant natural light in Santa Barbara’s State Street corridor.
Where is this office unit located?
The property is located at 99-1525 State St Santa Barbara, CA.
What are key features of this property?
This property features: Office‑only Suite 99 with approx. 1,325 SF in Santa Barbara’s State Street corridor; Open floor plan designed for an executive office or small professional user; Abundant natural light for a bright, professional workspace
