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    Betteravia Rd Santa Maria, CA 93454
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    Betteravia Rd, Santa Maria, CA 93454

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    • Retail properties & Spaces
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Betteravia Rd

    Property type
    Retail properties & Spaces

    Description

    This thriving donut shop presents a fantastic investment opportunity in Santa Maria, California. Located within a bustling strip center boasting ample parking, this established business enjoys a highly visible street presence on Betteravia Rd, zip code 93454. The property is categorized as a Quick Service Restaurant (QSR) and offers significant growth potential due to very low competition in the immediate area. Recent financial performance demonstrates strong upward trajectory, with March 2024 gross sales reaching $62,000. Cost of goods sold for March totaled $3,500, resulting in a substantial net income of $20,000 after accounting for a net rent of $2,951 (including NNN expenses). This turnkey operation is offered at an asking price of $320,000. The sale requires a cash offer, a signed Non-Disclosure Agreement (NDA), and proof of funds. This is an exceptional chance to acquire a profitable, established business with a proven track record and significant upside. The property's location within a busy strip mall ensures high visibility and convenient access for customers. The consistent increase in sales further underscores the business's strong performance and market position. This presents a rare opportunity for a savvy investor seeking a profitable and established QSR in a desirable California market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Santa Maria
    County
    Santa Barbara
    State
    California
    Longitude
    -120.409
    Latitude
    34.9238

    Comparable in this City

    • Value Estimation by Request
      1.53 Acres

      302 Town E Ctr

      DEPARTMENT STORE
      302 Town E Ctr, Santa Maria, CA 93454-5160
      View Details
    • Value Estimation by Request
      8,000 SF

      550 Betteravia Rd

      Mixed-use properties
      550 Betteravia Rd, Santa Maria, CA 93454
      View Details
    • Value Estimation
      $585,000
      7.23 Acres

      3990 Foxen Cyn Rd

      NURSERY, GREENHOUSE, FLORIST
      3990 Foxen Cyn Rd, Santa Maria, CA 93454-9666
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    • Value Estimation
      $570,000
      19.16 Acres

      2890 Telephone Rd

      NURSERY, GREENHOUSE, FLORIST
      2890 Telephone Rd, Santa Maria, CA 93454-9683
      View Details
    • Value Estimation
      $640,000
      2.04 Acres

      2501 Broadway

      DEPARTMENT STORE
      2501 Broadway, Santa Maria, CA 93454-7877
      View Details
    • Value Estimation by Request
      7.42 Acres

      3990 Foxen Cyn Rd

      NURSERY, GREENHOUSE, FLORIST
      3990 Foxen Cyn Rd, Santa Maria, CA 93454-9666
      View Details

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      Fully Leased Santa Maria Retail

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    Santa Maria, CA 93454
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    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.

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