Property profile

1047 Casitas Pass Rd Carpinteria, CA 93013

OFF-MARKET
Lifestyle centers
26,948 SF
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Property summary

AI-generated overview

Shepard Place Shops, located at 1047 Casitas Pass Rd, Carpinteria, CA 93013, presents a unique opportunity for retail businesses seeking a prime location in a thriving neighborhood shopping center. This two-building, single-story complex offers a total of 26,948 square feet of retail space, with a minimum divisible unit size of 1,152 square feet and a maximum contiguous space of 1,152 square feet currently available. The property boasts excellent street visibility on Carpinteria's main retail corridor, ensuring high foot traffic and brand exposure. The existing tenant mix features a blend of successful franchises and locally owned businesses, creating a vibrant and attractive shopping environment. Each unit is in move-in condition, minimizing upfront renovation costs and allowing for immediate occupancy. The center's convenient location, just off Highway 101 at Casitas Pass Road, ensures easy accessibility for customers. Its proximity to Carpinteria City Hall, the post office, major banking institutions, and local beaches further enhances its appeal. This friendly neighborhood shopping center offers an ideal retail location in Carpinteria, providing a strong foundation for business growth and success. The cross street is Carpinteria Ave. There are no elevators in the building.

Property profile

Verified
Property type Lifestyle centers
Total area 26,948 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nail Salon

Location

1047 Casitas Pass Rd Carpinteria, CA 93013
Carpinteria metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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