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Property profile & analytics
OFF-MARKET
Investment properties
113 Msn St Santa Barbara, CA 93101-5879
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-0637407
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Lot
0.21 ac (9,147 SF)
APN
025-363-005
UPID
US09-0637407
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
-
Sage Massage & Birth Services Alternative Medicine Practice Spa & Massage Center
-
Tompeet's School Of Music Vocational School Training Center
-
Lewis Plumbing, Inc Plumbing Service General Contractor
-
LASHED by Hayley (Bike/Boat/Book/etc) Store
-
Starlin Studio - Brows Brazilian Sugaring Specialist Spa & Massage Center Skin Care Clinic
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
Morales Family Trust · 11 yrs held
Morales Family Trust
since 2015
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
$19,387
Tax year 2024
Assessed value
$1,826,332
Assessed 2024
Previous assessed
$1,826,332
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,131,149
Assessed improvement
$695,183
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
Similar Nearby for Lease
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Heating
NONE
Lot
0.21 ac (9,147 SF)
APN
025-363-005
UPID
US09-0637407
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
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
Morales Family Trust
Trust
Mailing address
113 W MSN ST, SANTA BARBARA, CA 93101-5879
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2015
—
Morales Family Trust
Morales Martin & Kathryn
Quit Claim Deed
related
—
Sep 5, 2014
$1,550,000
Martin Morales
Nancarrow J M 2012 Trust
Grant Deed
$500,000 · Bank Of The West
Feb 2, 2012
—
Nancarrow Janet M 2012 Trust
Nancarrow,janet M
Quit Claim Deed
related
—
Jun 20, 2006
—
Nordahl David C Living Trust
Nordahl,david C
Quit Claim Deed
related
—
Jan 12, 2001
—
Janet M Nancarrow
French,donald H
Quit Claim Deed
related
$513,000 · Santa Barbara Bank & Trust
Jan 12, 2001
$159,000
Santa Barbara Exchange Corp
Nordahl,david C
Trustees Deed
$159,000 · Seller
Apr 7, 1999
—
Jacques M Steininger
Steininger,nita
Quit Claim Deed
$370,000 · Montecito Bank & Trust
—
—
David C Nordahl
—
Deed Of Trust
related
$700,000 · Los Padres Bank
—
—
Janet M Nancarrow
—
Deed Of Trust
related
$843,100 · Los Padres 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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