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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office Spaces
1525 State St Santa Barbara, CA 93101-2500
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-1698918
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Lot
0.65 ac (28,314 SF)
APN
027-570-007
UPID
US09-1698918
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
-
Matt Genovese, Finance of America Mortgage LLC Loan Service Bank
-
State of the Art Orthodontics Braces Dr. Mark McDade Dental Office
-
McDade Orthodontics Dental Office
-
Cami Ferris-Wong, DDS Dental Office
-
Munce C John DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
The Lafayette Corporation
The Lafayette Corporation
since 2026
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
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$47,028
Tax year 2024
Assessed value
$4,435,065
Assessed 2024
Previous assessed
$4,435,065
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$401,909
Assessed improvement
$4,033,156
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
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Lot
0.65 ac (28,314 SF)
APN
027-570-007
UPID
US09-1698918
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
0.65 ac
Current owner
From public records · entity-resolved
The Lafayette Corporation
Entity
Mailing address
645 PACHECO BLVD, LOS BANOS, CA 93635-4231
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2026
$725,000
The Lafayette Corporation
1525 State Street Ck LLC
Grant Deed
—
Jan 30, 2026
$328,000
Kerri Jane Sanchez
1525 State Street Ck LLC
Grant Deed
—
Jan 29, 2026
$150,000
The Patricia Ficke Survivors Trust
1525 State Street Ok LLC
Grant Deed
—
Jan 29, 2026
$1,350,000
The Lafayette Corporation
1525 State Street Ck LLC
Grant Deed
—
Jan 29, 2026
$445,000
Quirk Reed LLP
1525 State Street Ck LLC
Grant Deed
$333,750 · Community West Bank NA
Jan 29, 2026
$655,000
1525 State Street LLC
1525 State Street Ck LLC
Grant Deed
$550,000 · Santa Barbara Commercial Fund LLC
Jan 29, 2026
$297,500
Sweet 99 LLC
1525 State Street Ok LLC
Grant Deed
—
Feb 23, 2024
$425,000
Randall Rademaker
Roland Lokre
Grant Deed
—
Jan 31, 2024
—
1525 State Street Cs LLC
Christine C Stevens
Grant Deed
—
Jan 30, 2024
—
Thomas E Kaljian
Kaljian Santa Barbara LLC
Intrafamily Transfer
related
—
Dec 20, 2016
—
Mcnutt,roland R JR Trust
—
Deed
related
$250,000 · Lorenzen Family Trust (pt)
May 21, 1999
$1,815,000
Kaljian Trust
Plaza Linda Vista LLC
Trustees Deed
—
May 21, 1999
—
Kaljian Santa Barbara LLC
Kaljian Trust
Quit Claim Deed
related
—
May 28, 1998
—
Plaza Linda Vista LLC
Plaza Linda Vista
Quit Claim Deed
related
$3,700,000 · Northland Financial Co
—
—
Stephen D Hooper
—
Deed Of Trust
related
$55,000 · Reish Trust
—
—
Stephen D Hooper
—
Deed Of Trust
related
$25,000 · Mankin Trust
—
—
Allen W Jones
—
Deed Of Trust
related
$25,000 · Mankin Trust
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.
Try Rey
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