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Property profile & analytics
OFF-MARKET
Race tracks
1101 Las Palmas Dr Santa Barbara, CA 93110-2136
Trust Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-2107351
Property profile
Verified
Property type
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Year built
1929
Total area
2,702 SF
Lot
2.97 ac (129,373 SF)
APN
063-081-031
UPID
US09-2107351
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thieser Family Trust · 7 yrs held
Thieser Family Trust
since 2019
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,006
Tax year 2024
Assessed value
$1,483,055
Assessed 2024
Previous assessed
$1,483,055
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$916,500
Assessed improvement
$566,555
Applied tax rate
69.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Status
Off-Market
Year built
1929
Heating
NONE
Rooms
8
Bathrooms
3
Total area
2,702 SF
Lot
2.97 ac (129,373 SF)
APN
063-081-031
UPID
US09-2107351
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
1929
Heating
NONE
Rooms
8
Bathrooms
3
Lot
2.97 ac
Current owner
From public records · entity-resolved
Thieser Family Trust
Trust
Mailing address
1101 LAS PALMAS DR, SANTA BARBARA, CA 93110-2136
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2020
—
Susanne Humbel Heierling
—
Deed
related
$488,000 · Lendus LLC
May 22, 2019
—
Thieser Family Trust
Thieser,andre
Quit Claim Deed
related
—
Sep 12, 2017
—
Andre Thieser
Andre Thieser
Intrafamily Transfer
related
$500,000 · Rpm Mortgage INC
Jan 23, 2004
—
Susanne B Humbel
Humbel,patrice E
Quit Claim Deed
related
—
May 27, 2003
—
Andre Theiser
Humbel,susanne B
Quit Claim Deed
related
—
May 22, 2003
—
Andre Thieser
Hunbel,patrice E & Susanne B
Quit Claim Deed
related
$538,000 · Wells Fargo Home Mortgage INC
Jun 28, 1994
—
Andre Thieser
Thieser,andre &
Quit Claim Deed
related
—
May 17, 1994
$314,000
Patrice E Humbel
Lacy,n L
Grant Deed
related
—
—
—
N Lee Lacy
—
Deed Of Trust
related
$1,200,000 · Ring Financial INC
—
—
Patrice E Humbel
—
Deed Of Trust
related
$565,000 · Bank Of America Fsb
—
—
Patrice E Humbel
—
Deed Of Trust
related
$579,000 · Bank Of America
—
—
Patrice E Humbel
—
Deed Of Trust
related
$540,000 · Wells Fargo Home Mortgage INC
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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