Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6750 Navigator Dr Goleta, CA 93117
    Property profile & analytics

    6750 Navigator Dr, Goleta, CA 93117

    View on Map
    • Office Spaces
    • 46,430 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 6750 Navigator Dr

    Property type
    Office Spaces

    Description

    This two-story, 46,430-square-foot office and R&D building is situated in Goleta's Cabrillo Business Park (APN 073-610-004), a thriving hub for technology, engineering, and defense industries. Built in the early 1960s, the property underwent a full remodel in 2000 and has seen further improvements in subsequent years (2015-2020), including a new roof (2018) and HVAC system replacement (2017). The building features a concrete and steel structure with a completed seismic retrofit in 2000, offering exceptional structural integrity. The flexible floor plan, encompassing multiple suites, allows for diverse configurations to suit various business needs. Ample parking is provided with 194 spaces (4.18 per 1,000 square feet). The property includes two common restroom sets and a unisex restroom in suite 250. Common lobby and restrooms were recently updated with new carpeting, and a new outdoor seating area has been added. The building is zoned BP and is subject to the Cabrillo Business Park Specific Plan. Its convenient location offers easy access to Highway 101, Santa Barbara Airport, UCSB, and downtown Santa Barbara. The asking price is $9,750,000 ($209.99 per square foot). Occupancy is available April 1, 2022. The property sits on 3.19 acres and includes a sprinkler system throughout the building and an elevator.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Goleta
    County
    Santa Barbara
    State
    California
    Longitude
    -119.865
    Latitude
    34.4279

    Comparable in this City

    • Value Estimation by Request
      1.06 Acres

      960 Embarcadero Del Norte

      CONDOMINIUM OFFICES
      960 Embarcadero Del Norte, Goleta, CA 93117-5106
      View Details
    • Value Estimation by Request
      0.01 Acres

      5553 Hollister Ave Ste, Unit 7

      CONDOMINIUM OFFICES
      5553 Hollister Ave Ste, Goleta, CA 93117-3837
      View Details
    • Value Estimation by Request
      0.01 Acres

      5553 Hollister Ave Ste, Unit 8

      CONDOMINIUM OFFICES
      5553 Hollister Ave Ste, Goleta, CA 93117-3840
      View Details
    • Value Estimation by Request
      0.01 Acres

      5553 Hollister Ave, Unit D

      CONDOMINIUM OFFICES
      5553 Hollister Ave, Goleta, CA 93117-3826
      View Details
    • Value Estimation by Request
      0.01 Acres

      5553 Hollister Ave, Unit C

      CONDOMINIUM OFFICES
      5553 Hollister Ave, Goleta, CA 93117-3826
      View Details
    • Value Estimation by Request

      420 Fairview Ave

      Office Spaces
      420 Fairview Ave, Goleta, CA 93117
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      520 SF

      Remodeled Commercial Space in Isla Vista

      520 SF remodeled space suitable for various businesses.
      900 Embarcadero Del Mar, Isla Vista, CA 93117
      View Details
    • Contact for pricing
      9,357 SF

      Class A Office Suite

      High-quality office suite with modern amenities and convenient location.
      420 S Fairview 420.0 Ave, Goleta, CA 93117
      View Details
    • Contact for pricing

      Goleta Warehouse and Office Space

      Flexible R&D/industrial/office space near the airport and UCSB.
      30 S La Patera Ln, Goleta, CA 93117
      View Details
    • Contact for pricing

      Goleta Office/Lab/Warehouse Space For Sale

      High-quality Goleta building with office, lab, and warehouse potential.
      6500 Hollister Ave, Goleta, CA 93117
      View Details
    • Contact for pricing

      Goleta Office/R&D Building For Sale

      Office/R&D building in Goleta's Tech hub, near US 101.
      50 Castilian Dr, Goleta, CA 93117
      View Details
    • Contact for pricing

      Remodeled Class A Office Building

      Class A office building in Santa Barbara tech and engineering market.
      125 Cremona Dr, Goleta, CA 93117
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Goleta Tech Park Office Space

      Office, R&D, or lab space in Goleta's tech corridor.
      175 Cremona Dr, Goleta, CA 93117
      View Details
    • Contact for pricing

      Goleta Flex Space Available

      Office, lab, and warehouse space in Goleta's tech corridor.
      6500 Hollister Ave, Goleta, CA 93117
      View Details
    • Contact for pricing
      16,867 SF

      Goleta Office Space For Rent

      Office space with kitchenette and common amenities available for rent.
      6500 Hollister Ave, Goleta, CA 93117
      View Details
    • Contact for pricing

      Goleta Warehouse and Office Space

      Flexible R&D, industrial, and office spaces available for lease.
      30 S La Patera Ln, Goleta, CA 93117
      View Details
    • Contact for pricing

      Creative Office and Warehouse Space

      Master-planned corporate campus with creative office and warehouse options.
      7418 Hollister Ave, Goleta, CA 93117
      View Details
    • Contact for pricing
      900 SF

      Goleta Office/Medical/Retail Space Available

      Versatile 900 SF space suitable for office, medical, or retail.
      160 N Fairview Ave, Goleta, CA 93117
      View Details
    Request Owner's contact information
    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.
    6750 Navigator Dr
    Goleta, CA 93117
    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
    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

    Thank You for Inquiry
    6750 Navigator Dr, Goleta, CA, 93117
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!