New search
Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
102 Milpas St, Santa Barbara, CA 93103-3304
Individually Owned
2-yr Hold
Free & Clear
Property ID
US09-3289098
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1924
Total area
1,468 SF
Lot
0.12 ac (5,227 SF)
APN
017-091-011
UPID
US09-3289098
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mark S. Pasternak CPA Accounting Firm
-
Santa Barbara Youth Polo Association Charitable Organization Social Service Agency
-
Low Cost Payroll Services Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
$430k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Mark S Pasternak · 2 yrs held
Mark S Pasternak
since 2024
Last sale
$527,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Barbara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Barbara submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$525,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$465,000
6.5%
$430,000
7%
$400,000
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $527k (May 13 2024)
Last sale anchor
$527k
May 13 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$358 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$8,238
Tax year 2024
Assessed value
$771,309
Assessed 2024
Previous assessed
$771,309
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$470,700
Assessed improvement
$300,609
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1924
Heating
NONE
Bathrooms
1
Total area
1,468 SF
Lot
0.12 ac (5,227 SF)
APN
017-091-011
UPID
US09-3289098
Jurisdiction
SANTA BARBARA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1924
Heating
NONE
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Mark S Pasternak
Individual
Free & Clear · 2 yrs held
Mailing address
102 N MILPAS ST, SANTA BARBARA, CA 93103-3304
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
—
Mark S Pasternak
Mark S Pasternak
Intrafamily Transfer
related
—
Feb 14, 2017
—
Mark S Pasternak
Pasternak,mark S
Quit Claim Deed
related
$538,000 · Bank Of America
Jul 16, 2014
—
Mark S Pasternak
Pasternak,marie
Quit Claim Deed
related
—
Nov 7, 2001
$527,000
Mark S Pasternak
Rabin Trust
Grant Deed
$297,000 · Montecito Bank & Trust
Apr 18, 2001
—
Rabin-randolph Trust
Rabin,harry
Quit Claim Deed
related
—
—
—
Neal Rabin
—
Deed Of Trust
related
$105,000 · Goleta National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 102 Milpas St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
