New search
Property profile & analytics
OFF-MARKET
Estimated value
$60,000,000
Restaurants
1349 La Brea Ave Santa Maria, CA 93458-6828
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-5318558
Property profile
Verified
Property type
Restaurants
Use group
BAKERY
Lot
9.59 ac (417,740 SF)
APN
117-240-040
UPID
US09-5318558
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
-
Lineage Logistics Storage Facility Warehouse & Storage
-
Arctic Cold, LLC. Storage Facility Warehouse & Storage
-
Titan Department Store
-
The Tangster Self Storage Units Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$60.00M
Owner & transaction history
Arctic Cold La Brea LLC
Arctic Cold La Brea LLC
since 2025
Last sale
$60.0M
6 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 Maria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Maria 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
$316,675
Tax year 2024
Assessed value
$28,787,829
Assessed 2024
Previous assessed
$28,787,829
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$4,797,953
Assessed improvement
$23,989,876
Applied tax rate
3.0000
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
Restaurants
Use group
BAKERY
Status
Off-Market
Heating
NONE
Lot
9.59 ac (417,740 SF)
APN
117-240-040
UPID
US09-5318558
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
9.59 ac
Current owner
From public records · entity-resolved
Arctic Cold La Brea LLC
Entity
Mailing address
NOVI, MI 48377
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
$60,000,000
Arctic Cold La Brea LLC
Lineage Master Re 3 LLC
Grant Deed
$30,000 · Umb Bank NA
May 14, 2019
—
Lineage Master Re 3 LLC
—
Deed
related
$235,000,000 · Bank Of America NA
Apr 10, 2017
—
Lineage Master Re 3 LLC
—
Deed
related
$129,500,000 · Goldman Sachs Mortgage Company
Feb 10, 2016
—
Lineage Master Re 3 LLC
Lineage Master 2 Re LLC
Grant Deed
$100,000,000 · Goldman Sachs Mortgage Co
Jan 14, 2015
—
Lineage Master 2 Re LLC
Llh Santa Maria LLC
Grant Deed
$230,000,000 · Goldman Sachs Bank USA
Aug 29, 2014
—
Llh Santa Maria LLC
—
Grant Deed
related
$660,000,000 · Credit Suisse Ag
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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