Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    814 State St Santa Barbara, CA 93101
    Back to Search
    Property profile & analytics

    814 State St, Santa Barbara, CA 93101

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 33 Jewels at El Paseo / (Bike/Boat/Book/etc) Store
    • El Paseo Street in Spain / Tour Operator
    • d'Offay / Clothing & Fashion Store

    Property Details for 814 State St

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 755-square-foot retail space, located at 814 State Street, Suite 38 in Santa Barbara, California's Presidio Neighborhood, presents a unique opportunity. Situated within the historic El Paseo property, this single-tenant space is ideally suited for a variety of uses, including a wine tasting room, art gallery, retail shop, or office. The property boasts attractive features such as wood beam ceilings, a comfortable HVAC system throughout, and abundant natural light thanks to numerous windows. The open ground floor plan offers excellent flexibility for tenant customization. This prime location benefits from high visibility and proximity to thriving businesses, including 33 Jewels, Bryant & Sons, Grassini Family Vineyards, and Davies Communications. The property's convenient location is directly across from the Paseo Nuevo shopping center, ensuring high foot traffic and excellent exposure. The space is immediately available. This is a turnkey opportunity in a highly desirable Santa Barbara location within Santa Barbara County, zip code 93101. The property is classified as retail with an office subtype.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Santa Barbara
    County
    Santa Barbara
    State
    California
    Longitude
    -119.7
    Latitude
    34.4202

    Comparable in this City

    • Value Estimation by Request
      57,687 SF

      814 State St

      Office Units
      814 State St, Santa Barbara, CA 93101
      View Details
    • Value Estimation by Request
      6,764 SF

      1029 State St

      Restaurants
      1029 State St, Santa Barbara, CA 93101
      View Details
    • Value Estimation by Request

      502 Chapala St

      Office Spaces
      502 Chapala St, Santa Barbara, CA 93101
      View Details
    • Value Estimation by Request

      220 Carrillo St

      Office Spaces
      220 Carrillo St, Santa Barbara, CA 93101
      View Details
    • Value Estimation
      $785,000
      0.46 Acres

      1415 State St

      DEPARTMENT STORE
      1415 State St, Santa Barbara, CA 93101-2511
      View Details
    • Value Estimation by Request
      1.12 Acres

      701 State St

      DEPARTMENT STORE
      701 State St, Santa Barbara, CA 93101-3329
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,824 SF

      Restaurant with Covered Patio

      Restaurant space with attached covered patio available for lease.
      509 State St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing

      Updated Retail/Office Building For Sale

      Updated retail/office building with modern finishes and natural light.
      631 Chapala St, Santa Barbara, CA 93101
      View Details
    • $1,750,000
      1,060 SF

      Storefront with Cottage and Parking

      Commercial property with storefront, cottage, parking in Santa Barbara.
      211 W Victoria St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing
      2,314 SF

      Updated Office/Retail Building For Sale

      Freestanding, updated office/retail building with excellent visibility and parking.
      1425 State St, Santa Barbara, CA 93101
      View Details
    • $1,750,000
      0.09 Acres

      Storefront with Cottage in Santa Barbara

      Storefront and cottage with parking in desirable Santa Barbara location.
      211 W Victoria St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing
      3,085 SF

      Santa Barbara Spanish Colonial Revival Property

      Iconic property with redevelopment potential in a prime Santa Barbara location.
      1500 Anacapa St, Santa Barbara, CA 93101
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      31,407 SF

      Downtown Santa Barbara Fitness Space

      Prime State Street fitness/office space.
      820 State St, Santa Barbara, CA 93101
      View Details
    • $25 SF/Yr
      4,960 SF

      Santa Barbara Retail Space Available

      Prime State Street Retail, 1402 SF
      931 State St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing

      Retail Property Fully Leased

      Retail property in Santa Barbara, CA, currently 100% leased.
      101-819 State St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing

      Retail Property in Santa Barbara

      Retail property located on De La Vina Street, Santa Barbara.
      1930 De La Vina St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing

      Retail Property in Santa Barbara

      100% leased retail property in Santa Barbara, California.
      825-827 State St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing

      Leased Office Space

      Office property, currently 100% leased.
      801-803 Chapala St, Santa Barbara, CA 93101
      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.
    814 State St
    Santa Barbara, CA 93101
    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
    814 State St, Santa Barbara, CA, 93101
    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!