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Property profile & analytics
FOR LEASE
Motels
1280 Coast Village Cir, Santa Barbara, CA 93108
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-1619899
For Lease
$2,475,000
1280 Coast Village Cir, Santa Barbara, CA 93108
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Lot
0.19 ac (8,276 SF)
APN
009-291-019
UPID
US10-1619899
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
-
Santa Barbara Investment Company Property Management Company
-
Montecito Med Spa Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.48M
Owner & transaction history
State Street Holdings Company LLC · 1 yrs held
State Street Holdings Company LLC
since 2024
Last sale
$2.5M
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
Method
Estimation
Statistic approach
$2,475,000
ML approach
$2,475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.48M
Range $2.23M – $2.72M · ±10% · vs last sale $2.48M (Sep 10 2024)
Last sale anchor
$2.48M
Sep 10 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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
$33,355
Tax year 2024
Assessed value
$2,974,509
Assessed 2024
Previous assessed
$2,974,509
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,964,981
Assessed improvement
$1,009,528
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
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
Motels
Use group
MOTEL
Status
For Lease
Heating
NONE
Lot
0.19 ac (8,276 SF)
APN
009-291-019
UPID
US10-1619899
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
0.19 ac
Current owner
From public records · entity-resolved
State Street Holdings Company LLC
Entity
Mailing address
1280 COAST VLG CIR, SANTA BARBARA, CA 93108-3755
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2024
—
State Street Holdings Company LLC
State Street Holdings Company LLC
Intrafamily Transfer
related
$2,000,000 · Montecito Bank & Trust
Jun 24, 2014
$2,475,000
State Street Holdings Co LLC
Mccormick,michael & Deborah
Grant Deed
—
Aug 19, 2003
—
Michael Mccormick
Gilson Family LP
Grant Deed
related
—
Sep 25, 1998
—
Gilson Flp
Smith,jean A
Grant Deed
$360,000 · Montecito Bank & Trust
Jul 13, 1994
—
Kwiatkowski Trust
Kwiatkowski,mich
Quit Claim Deed
related
—
Apr 10, 1992
—
Smith James B
Serena,frank A
Grant Deed
$633,750 · City Commerce Bank
—
—
Gilson Flp
—
Deed Of Trust
related
$475,000 · First Bank & Trust
—
—
Michael Mccormick
—
Deed Of Trust
related
$1,500,000 · American Riviera Bank
—
—
Gilson Family LP
—
Deed Of Trust
related
$250,000 · Montecito Bank & Trust
—
—
Michael Mccormick
—
Deed Of Trust
related
$950,000 · Montecito Bank & Trust
—
—
Jean A Smith
—
Deed Of Trust
related
$455,000 · Bank Of Montecito
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.
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