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Property profile & analytics
OFF-MARKET
Turn key restaurants
1635 Broadway Santa Maria, CA 93454-7601
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-1706604
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Lot
0.78 ac (33,976 SF)
APN
117-490-040
UPID
US09-1706604
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
-
Western Union Bank Credit Union
-
La Favorita Market Grocery & Convenience Store Food Market
-
Crumbles Cafe & Bake Shop Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
La Favorita Market 5 LLC · 9 yrs held
La Favorita Market 5 LLC
since 2017
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 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
$21,766
Tax year 2024
Assessed value
$1,972,990
Assessed 2024
Previous assessed
$1,972,990
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$707,954
Assessed improvement
$1,265,036
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Heating
NONE
Lot
0.78 ac (33,976 SF)
APN
117-490-040
UPID
US09-1706604
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
0.78 ac
Current owner
From public records · entity-resolved
La Favorita Market 5 LLC
Entity
Mailing address
PO BOX 5459, SANTA MARIA, CA 93456-5459
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2020
—
La Favorita Market 5 LLC
—
Deed
related
$910,000 · Zions Bancorporation NA
Jan 27, 2017
$1,150,000
La Favorita Market 5 LLC
Francisco J Sanchez
Grant Deed
$1,075,000 · Umpqua Bank
Jan 27, 2017
—
Francisco J Sanchez
Sanchez,graciela
Quitclaim Deed
related
—
Jul 28, 2015
$1,700,000
Guggia Family LP
Kr Equities INC
Grant Deed
—
Jan 13, 2010
$1,580,000
Kr Equities INC
Malk Brian C Trust
Grant Deed
—
Jan 25, 1996
$1,000,000
Malk Trust
Carrows California Family Rest
Grant Deed
—
Feb 7, 1992
—
Carrows,cal Fami
Restaurant,enter
Trustees Deed
$21,284 · Marriott Corp
Feb 7, 1992
$535,000
Restaurant Enter
Big,boy Restaura
Trustees Deed
related
—
—
—
Malk Brian C Trust
—
Deed Of Trust
related
$1,200,000 · Standard Insurance Co
—
—
Malk Trust
—
Deed Of Trust
related
$650,000 · Standard Insurance Co
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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