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Property profile & analytics
FOR LEASE
Motels
209 S Milpas St Santa Barbara, CA 93103
Individually Owned
5-yr Hold
Free & Clear
Property ID
US09-2533183
For Lease
1 / 3
Contact for pricing
209 S Milpas St, Santa Barbara, CA 93103
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Lot
0.17 ac (7,405 SF)
APN
017-251-021
UPID
US09-2533183
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
-
HWD Fitness Santa Barbara Gym & Fitness Center
-
Lily's Kitchen Restaurant
-
Carly Tabak Photography Photography Service (Bike/Boat/Book/etc) Store
-
Lily's Flowers (Bike/Boat/Book/etc) Store Florist
-
Olympia Studio Training Center
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
Rhonda Jo Harris · 5 yrs held
Rhonda Jo Harris
since 2021
Last sale
$86,000
5 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
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
$20,723
Tax year 2024
Assessed value
$1,954,228
Assessed 2024
Previous assessed
$1,954,228
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,204,053
Assessed improvement
$750,175
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
Motels
Use group
MOTEL
Status
For Lease
Heating
NONE
Lot
0.17 ac (7,405 SF)
APN
017-251-021
UPID
US09-2533183
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
0.17 ac
Current owner
From public records · entity-resolved
Rhonda Jo Harris
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 23277, OJAI, CA 93023
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2021
—
Rhonda Jo Harris
Barbara A Fitzgerald
Intrafamily Transfer
related
—
Nov 27, 1995
—
Rhonda J Harris
Harris,dwayne D
Quit Claim Deed
related
—
Nov 27, 1995
$86,000
Fitzgerald,fredaline A
Williams,charles E & Joan G
Trustees Deed
—
—
—
Fitzgerald,tr
—
Deed Of Trust
related
$950,000 · Wells Fargo Bank
—
—
Fitzgerald Trust
—
Deed Of Trust
related
$700,000 · Montecito Bank & 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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