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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Office Spaces
221 Pueblo St Santa Barbara, CA 93105-6814
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-1572553
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Lot
0.46 ac (20,037 SF)
APN
025-181-029
UPID
US09-1572553
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
-
Dr. Seth E Anderson MD Physician
-
Digestive Disease Consultants Medical Clinic
-
Santa Barbara Clones Nursery Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$690k
Owner & transaction history
Ranchero Properties LLC · 7 yrs held
Ranchero Properties LLC
since 2018
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
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$81,793
Tax year 2024
Assessed value
$7,728,522
Assessed 2024
Previous assessed
$7,728,522
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$3,390,302
Assessed improvement
$4,338,220
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
0.46 ac (20,037 SF)
APN
025-181-029
UPID
US09-1572553
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
0.46 ac
Current owner
From public records · entity-resolved
Ranchero Properties LLC
Entity
Mailing address
PO BOX 2519, SANTA BARBARA, CA 93120-2519
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2018
$6,650,000
Ranchero Properties LLC
Purblo Real Estate Group LLC
Grant Deed
$3,250,000 · River City Bank
Jun 10, 2014
$6,700,000
Pueblo Real Estate Group LLC
Keller,gregory S
Grant Deed
$5,025,000 · Bank Of America
Dec 14, 2007
—
Gregory S Keller
Keller Gregory S Trust
Quit Claim Deed
related
$1,150,000 · Eci Financial Corp
Jun 8, 2005
—
Gregory S Keller
Keller,gregory S
Quit Claim Deed
related
—
Jun 7, 2005
—
Gregory S Keller
Keller,gregory S
Quit Claim Deed
related
$3,600,000 · First Republic Bank
Dec 18, 2002
—
Gregory,s Tr
Pollard,tr
Grant Deed
related
$2,240,000 · Business First National Bank
May 30, 2002
—
Pollard Trust
Pollard,donald L
Quit Claim Deed
related
—
Apr 1, 1996
—
Donald L Pollard
P D M & L Investment Co
Grant Deed
$1,000,000 · Standard Insurance Co
—
—
Gregory S Keller
—
Deed Of Trust
related
$4,660,000 · Bank Of America
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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