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Property profile & analytics

38 Victoria St Santa Barbara, CA 93101

  • Office Properties & Spaces
  • 0.34 lot acres
Value Estimation
$7,005,000
Last Sale
Dec 23, 2021
$7,650,000
Location Intelligence
Property ID
US09-4947117
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Wexler’s Deli / Deli
  • Little Bird Kitchen / Restaurant
  • Empty Bowl Gourmet Noodle Bar / Thai Restaurant
  • Corazon Cocina / Mexican Restaurant
  • Santa Barbara Public Market / Restaurant / Food Court

Property Details for 38 Victoria St

Lot size
0.34 lot acres
Property type
Office Properties & Spaces
APN
039-610-014
APU
39610014

Description

This exceptional 183-square-foot restaurant space is available for lease within the Santa Barbara Public Market, a vibrant 19,867-square-foot food hall in the desirable Alma del Pueblo complex. Located in downtown Santa Barbara, this unique opportunity offers high visibility with nearly 65 feet of frontage along Victoria Street and two double-door entrances. The open floor plan fosters a collaborative atmosphere and maximizes foot traffic, benefiting from its location steps from the State Street corridor's shops and restaurants. The property boasts 42 common, covered parking spaces below the building with elevator access, supplemented by ample street parking and nearby city lots. The space is ideal for a restaurant operator seeking a high-traffic location near popular attractions such as the Granada, Arlington, and New Vic theaters, the SB Museum of Art, and the Santa Barbara County Courthouse. A short drive connects the property to the beach, Funk Zone, the harbor, and Santa Barbara City College. The lease terms are for 3-5 years, with a minimum base rent of $3,500 per month, plus 10% percentage rent on gross sales exceeding the minimum. Estimated monthly NNNs are $2,000, and utilities are approximately $200 per month. Space 105 (does not include a hood). The property's APN is 039-610-014, and it's conveniently located near Chapala Street.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $6,960,000
  • CAP approach

    CAP return
    Estimation
    6%
    $7,770,000
    6.5%
    $7,825,000
    7%
    $7,430,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $7,195,000
    Geo Method
    $6,430,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $6,605,000
    Retail
    $6,805,000
    Mixed-Use
    $8,360,000
    Hospitality
    $7,545,000
    Educational
    $8,215,000
    Residential Income
    $6,435,000
    Energy
    $8,350,000
    Income-Based Land
    $7,115,000
    Food Service
    $8,850,000

Location Insight

  • Map
  • Local Demand
City
Santa Barbara
County
Santa Barbara
State
California
Longitude
-119.707
Latitude
34.4236
CBSA code
42200
CBSA name
SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$93,809
$3,121,200
$4,837,860
$7,959,060
-
$0.00
$0.00
$0.00
More about this property
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