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Property profile & analytics
OFF-MARKET Estimated value $1,555,000
Office buildings

116 Palisade Dr Santa Maria, CA 93454-8904

6,948 SF 2.79 ac lot Built 1960
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US09-0028556
Property summary
AI-generated overview

This exceptional ground floor cafe/deli space, totaling 699 square feet, is situated within the Marian Hancock Medical Building at 116 Palisade Dr, Santa Maria, CA 93454. Located in the heart of Santa Maria's medical corridor, this property benefits from a consistently high volume of foot traffic generated by the fully occupied medical office suites above. The building itself boasts a total of 34,585 square feet and features convenient elevator access. This presents a unique opportunity for a cafe or deli to establish itself within a captive market of medical professionals, staff, and patients. The high occupancy rate of the medical building ensures a steady stream of potential customers throughout the workday. The address is easily accessible and highly visible, providing excellent exposure for any business. This turnkey space is ready for immediate occupancy and offers a strong foundation for a thriving food service operation. The Santa Barbara County location provides access to a robust and growing community. This is an ideal opportunity for an entrepreneur seeking a well-established location with a built-in customer base. The space is currently vacant and ready for immediate lease.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1960
Total area 6,948 SF
Lot 2.79 ac (121,532 SF)
APN 128-056-029
UPID US09-0028556
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
  • Obstetrix Medical Group Medical Clinic
  • Mize And Gaurino Mds Dental Office
  • Sleep Disorder Center-Santa Maria Medical Clinic
  • Peter L. Garcia, MD Physician
  • Central Coast Otolaryngology Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.94M
Comparable Approach Comparable
$1.82M
Blend (final) Blend
$1.56M
Owner & transaction history
Hta-marian Hancock LLC · 9 yrs held
Hta-marian Hancock LLC
since 2017
7 recorded transactions
2017
$10.4M
2013
Price N/A
2013
Price N/A
2009
Price N/A
2004
Price N/A
2004
Price N/A
1999
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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