Restored Office Unit with
For Sale
Contact for pricing
A-701 Anacapa St, Santa Barbara, CA 93101
Corner office in a historic downtown building with private bath, air conditioning, and outdoor balcony space.
Property Size824 SF
Price / SF$4.47
Days on Market55
Property Features for A-701 Anacapa St
General Information
Standard status
Active
Size
824 SF
Site & Location
Neighborhood
Lower State
Listing Agency:
Miramar Management
Listed By:
Joe Corazza
(805) 233-7988
Source:
Exprealty
Added: Aug 31
Changed: Oct 9
Last Checked: Oct 23 at 7:48AM
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 Miramar Management
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This corner office unit occupies space in the Los Arcos building at A-701 Anacapa St in Santa Barbara. The 1927 structure was restored and modernized in 2018 while retaining original architectural details. The office includes a private restroom with shower, air conditioning, and two private balconies.
Set in downtown Santa Barbara, the unit is scheduled to become available October 1, 2026. Its corner positioning and combination of private amenities and outdoor areas provide a distinct office setting within the building.
Set in downtown Santa Barbara, the unit is scheduled to become available October 1, 2026. Its corner positioning and combination of private amenities and outdoor areas provide a distinct office setting within the building.
Key Highlights
- 1927 Los Arcos building at A‑701 Anacapa St, Santa Barbara
- Restoration and updates completed in 2018
- Corner office with two private balconies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,700
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,000
$294.0K
Cap Rate 7%
$210,000
$210.0K
Cap Rate 9%
$163,333
$163.3K
Market Conditions
NOI Build-Up for 824 SF
Gross rent
$21.8K $26.40/SF
− Vacancy
−$2.2K −$2.61/SF
EGI
$19.6K $23.79/SF
− OpEx
−$4.9K −$5.95/SF
NOI
$14.7K $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%
$294,000
Cap Rate 7%
$210,000
Cap Rate 9%
$163,333
Alternative Uses
Best Use
Office B
$210.0K
$183.8K – $245.0K
NOI $14,700 @ 7.0% cap · market cap 398.91%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$258.6K
$226.3K – $301.7K
NOI $18,103 @ 7.0% cap · market cap 491.26%
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
3,368
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 - Corner office in a historic downtown building with private bath, air conditioning, and outdoor balcony space.
Where is this office unit located?
The property is located at A-701 Anacapa St Santa Barbara, CA.
What are key features of this property?
This property features: 1927 Los Arcos building at A‑701 Anacapa St, Santa Barbara; Restoration and updates completed in 2018; Corner office with two private balconies
