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Property profile & analytics
FOR LEASE
Parking lots & garages

1046 Coast Village Rd Santa Barbara, CA 93108

0.72 ac lot
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-0928800
Property summary
AI-generated overview

This exceptional 1,296 square foot retail space is located within the highly sought-after Coast Village Walk Shopping Center in Montecito, California. Situated at 1046 Coast Village Road, near Hot Springs Road (APN 009-211-012), this Class A property is part of a larger 13,791 square foot building offering multiple tenancies. Currently occupied by a short-term tenant, the space will be available January 31, 2025. The unit boasts a private restroom and office, and is ideally suited for retail use, featuring full HVAC, newer plank flooring, track lighting, and excellent storefront visibility. The space is already well-equipped for retail operations. Landlord is open to considering tenant improvements for alternative uses. Fire sprinkler infrastructure is in place for easy installation if needed. This prime location offers convenient freeway access and ample parking, serving both Montecito and Santa Barbara communities. The shopping center enjoys a vibrant mix of high-quality tenants. This is a remarkable opportunity to establish a presence in one of Montecito's premier shopping destinations. Please inquire for further details. Do not disturb the current tenant.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.72 ac (31,363 SF)
APN 009-211-012
UPID US09-0928800
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
  • StretchLab Gym & Fitness Center
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • Starbucks Cafe & Coffee Shop
  • Blenders In The Grass - Montecito Specialty Food Shop (Bike/Boat/Book/etc) Store
  • Santa Barbara Running Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$850k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$850k
Owner & transaction history
Montecito Choice LLC · 12 yrs held
Montecito Choice LLC
since 2014
7 recorded transactions
2014
Price N/A
2012
$10.2M
2002
Price N/A
2002
Price N/A
2000
Price N/A
2000
$1.7M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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