Technical
Financial
Distress signals
Property profile

1220 State St Santa Barbara, CA 93101

OFF-MARKET
Investment properties
Property ID
US09-5047487
0.1 ac lot
Trust Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,800 square foot retail space is ideally situated on State Street in the heart of Santa Barbara, California, just two doors from the renowned Granada Theatre and approximately one block from the vibrant Santa Barbara Public Market. The single-tenant property boasts high ceilings and expansive storefront windows offering unparalleled visibility and natural light, perfectly showcasing your business to the bustling State Street pedestrian traffic. Located within Santa Barbara County, the property's address is 1220 State Street, zip code 93101. Its convenient location places it amongst a wealth of amenities along the State Street corridor, ensuring high foot traffic and easy access for customers. The proximity to multiple city parking lots further enhances its appeal and accessibility. This property presents a unique opportunity for a business seeking a high-profile location in a thriving downtown area. The building's design and location make it an ideal space for a variety of retail ventures. The property type is retail, with single tenancy. This is a remarkable chance to establish or expand your business in one of Santa Barbara's most desirable commercial locations.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Lot 0.1 ac (4,356 SF)
APN 039-650-008
UPID US09-5047487

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm Child Welfare Organization
  • Law Firm Child Welfare Organization
  • Law Firm Child Welfare Organization
  • Photography Service (Bike/Boat/Book/etc) Store
  • Department Store

Location

1220 State St Santa Barbara, CA 93101-2608
Santa Barbara metro Census 900 SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$530k

Owner & transaction history

since 2018
5 recorded transactions
2018
Price N/A
2017
Price N/A
2016
Price N/A
2014
Price N/A
2013
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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