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    1187 Coast Vlg Rd Santa Barbara, CA 93108-2737
    Property profile & analytics

    1187 Coast Vlg Rd, Santa Barbara, CA 93108-2737

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    • Investment properties
    • 1.30 lot acres
    Off-Market
    Property ID
    US09-2051986
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $805,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Air Test & Balance Inc / Hardware & Home Improvement / HVAC Service
    • The UPS Store / Courier Service / Postal Service
    • 411 Legal / Law Firm
    • Shults & Associates / Apartment Building
    • Monica Senn Interior Design / Interior Design / Home Decor Store

    Property Details for 1187 Coast Vlg Rd

    Lot size
    1.30 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    009-291-008
    APU
    9291008

    Description

    This exceptional 898 square foot retail space is located at 1187 Coast Village Road in the prestigious Coast Village Plaza, Santa Barbara, CA 93108. Situated in a vibrant commercial center with high visibility and abundant parking, this single-tenant property offers a unique opportunity for a variety of businesses. Currently occupied, the space (Suite 3A) is ideal for a salon or general retail use, given its prominent location facing the busy Coast Village Road. The property is zoned CR and boasts a Santa Barbara County APN of 009-291-008. The dynamic tenant mix within Coast Village Plaza includes established and well-regarded businesses, ensuring a high-traffic environment and strong brand association. This rarely available space presents a compelling opportunity to establish or expand a business in one of Montecito's most desirable commercial locations. The property's excellent visibility and convenient parking make it an attractive option for both businesses and customers. This is a chance to secure a foothold in a thriving retail environment with a proven track record of success. The property's location within the Coast Village Plaza ensures a steady flow of foot traffic and exposure to a high-spending demographic. Don't miss this chance to own a piece of Montecito's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $805,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Barbara
    County
    Santa Barbara
    State
    California
    Longitude
    -119.645
    Latitude
    34.4207
    CBSA code
    42200
    CBSA name
    SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $148,532
    $7,364,277
    $8,883,688
    $16,247,965
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      0.55 Acres

      1120 Coast Vlg Cir

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    • Value Estimation by Request
      630 SF

      525 San Ysidro Rd

      STORE/OFFICE (MIXED USE)
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    • Value Estimation
      $610,000
      0.84 Acres

      1165 Coast Vlg Rd

      STORE/OFFICE (MIXED USE)
      1165 Coast Vlg Rd, Santa Barbara, CA 93108-2747
      View Details
    • Value Estimation
      $830,000
      0.19 Acres

      1131 Coast Vlg Rd

      STORE/OFFICE (MIXED USE)
      1131 Coast Vlg Rd, Santa Barbara, CA 93108-2716
      View Details
    • Value Estimation
      $10,495,000
      0.16 Acres

      1290 Coast Vlg Rd

      STORE/OFFICE (MIXED USE)
      1290 Coast Vlg Rd, Santa Barbara, CA 93108-2749
      View Details
    • Value Estimation by Request
      4,983 SF

      539 San Ysidro Rd

      STORE/OFFICE (MIXED USE)
      539 San Ysidro Rd, Santa Barbara, CA 93108-2195
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Leased Retail Space

      Retail property is 100% leased with no current availability.
      1155 Coast Village Rd, Santa Barbara, CA 93108
      View Details
    • Contact for pricing

      Leased Retail Space in Santa Barbara

      Fully leased retail property in Santa Barbara's Coast Village.
      1131-1137 Coast Village Rd, Santa Barbara, CA 93108
      View Details
    • Contact for pricing

      Leased Office Space in Santa Barbara

      100% leased office building in Santa Barbara, CA.
      1224 Coast Village Rd, Santa Barbara, CA 93108
      View Details
    • Contact for pricing
      7,724 SF

      Retail Space Available For Rent

      Retail space available for rent in Santa Barbara, CA.
      1260 Channel Dr, Santa Barbara, CA 93108
      View Details
    • Contact for pricing

      Retail Property in Santa Barbara

      100% leased retail property in Santa Barbara, California.
      1280 Coast Village Cir, Santa Barbara, CA 93108
      View Details
    • Contact for pricing

      Montecito Historic Resort on 22 Acres

      Historic Montecito resort with private beach access and luxury amenities.
      1260 Channel Dr, Montecito, CA 93108
      View Details
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    Santa Barbara, CA 93108-2737
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1187 Coast Vlg Rd, Santa Barbara, CA, 93108
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