Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    147–165 Castilian Dr Goleta, CA 93117
    Back to Search
    Property profile & analytics

    147–165 Castilian Dr, Goleta, CA 93117

    View on Map
    • Warehouses
    For Lease
    $18 SF/Yr
    View Listing →
    Goleta Creative Office Space For Lease
    $18 SF/Yr

    Goleta Creative Office Space

    Prime Goleta location, flexible office/warehouse space.

    Santa Barbara, CA 93117
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 147–165 Castilian Dr

    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional creative office and warehouse/distribution property, located at 147-165 Castilian Drive in Goleta, California, presents a unique opportunity for businesses seeking flexible and strategically located space. The property offers a minimum divisible space of 12,620 square feet, ideal for a variety of uses. Situated in Santa Barbara County, with a 93117 zip code, this location boasts unparalleled access to key area amenities and transportation networks. The property sits at the entrance to the Santa Barbara Research Park, placing tenants in close proximity to major employers such as Raytheon, FLIR, and AppFolio. Its position directly across Hollister Avenue from Deckers headquarters and the Cabrillo Business Park further enhances its strategic value. The convenient access to Highway 101, Santa Barbara Airport, and the University of California, Santa Barbara (UCSB) campus makes this location highly desirable for employees and clients alike. While the total building square footage is not currently specified, the available space offers significant potential for businesses seeking a prominent and well-connected location in the thriving Goleta market. This property is perfect for companies seeking a blend of office and warehouse space in a highly sought-after area.

    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
    -119.861
    Latitude
    34.4311

    Comparable in this City

    • Value Estimation by Request
      175,211 SF

      7418 Hollister Ave

      Office Units
      7418 Hollister Ave, Goleta, CA 93117
      View Details
    • Value Estimation
      $665,000
      2.94 Acres

      289 Coromar Dr, Unit 110

      WAREHOUSE, STORAGE
      289 Coromar Dr, Goleta, CA 93117-3157
      View Details
    • Value Estimation by Request
      1,920 SF

      10 Kellogg Ave

      WAREHOUSE, STORAGE
      10 Kellogg Ave, Goleta, CA 93117-3462
      View Details
    • Value Estimation
      $15,470,000
      285,000 SF

      26 Castilian Dr Ste A

      WAREHOUSE, STORAGE
      26 Castilian Dr Ste A, Goleta, CA 93117-5565
      View Details
    • Value Estimation by Request
      3,450 SF

      273 Orange Ave

      WAREHOUSE, STORAGE
      273 Orange Ave, Goleta, CA 93117
      View Details
    • Value Estimation by Request
      1,725 SF

      6529 Seville Rd

      WAREHOUSE, STORAGE
      6529 Seville Rd, Goleta, CA 93117-5161
      View Details

    Similar Nearby for Sale

    • 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
      12,656 SF

      Goleta Tech Park Office Space

      Modern office and R&D space in Goleta's tech corridor.
      175 Cremona 175 Dr, 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
      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

      Class A Office Suite

      High-quality office suite with amenities and convenient location.
      420 S Fairview Ave, Goleta, CA 93117
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      26,709 SF

      Goleta Creative Office Space

      Prime Goleta location, flexible office/warehouse space.
      0 147–165 Castilian Dr, 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

      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

      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
      3,526 SF

      Goleta Warehouse Space Available

      Industrial/warehouse unit in Cabrillo Business Park, Goleta's Tech Corridor.
      289 Coromar Dr, Goleta, CA 93117
      View Details
    View Listing
    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.
    147–165 Castilian 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
    147–165 Castilian 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!