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Property profile & analytics
OFF-MARKET
Estimated value
$4,650,000
Retail space
228 Santa Barbara St Santa Barbara, CA 93101
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1776497
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Total area
1,076 SF
Lot
0.41 ac (17,859 SF)
APN
017-021-024
UPID
US09-1776497
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.65M
Owner & transaction history
Paskin 228 Santa Barbara LLC · 2 yrs held
Paskin 228 Santa Barbara LLC
since 2024
Last sale
$4.7M
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
$4,650,000
ML approach
$4,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.65M
Range $4.19M – $5.12M · ±10% · vs last sale $4.65M (Feb 28 2024)
Last sale anchor
$4.65M
Feb 28 2024
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
$4,322 / SF
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
$40,790
Tax year 2024
Assessed value
$3,849,480
Assessed 2024
Previous assessed
$3,849,480
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$2,975,544
Assessed improvement
$873,936
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1990
Heating
NONE
Rooms
7
Bathrooms
1
Total area
1,076 SF
Lot
0.41 ac (17,859 SF)
APN
017-021-024
UPID
US09-1776497
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
Year built
1990
Heating
NONE
Rooms
7
Bathrooms
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Paskin 228 Santa Barbara LLC
Entity
Mailing address
735 STATE ST STE #416, SANTA BARBARA, CA 93101-5552
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2024
$4,650,000
Paskin 228 Santa Barbara LLC
Blue Adventures LLC
Grant Deed
$2,325,000 · Blue Adventures LLC
Nov 17, 2021
$3,700,000
Blue Adventures LLC
Thomas E Osborne
Grant Deed
—
Mar 23, 2020
—
Nunez,robert & Jennifer Trust
Robert D Nunez
Quit Claim Deed
related
—
Jun 8, 2018
—
Carter Family Trust
Carter,loretta F
Quit Claim Deed
related
—
Jul 31, 2017
—
Anthony E Terres
Terres,geronimo JR
Affidavit Of Death
related
—
Aug 21, 2012
—
Robert D Nunez
Rosales B T Living Trust
Grant Deed
related
—
Mar 8, 2012
—
Joseph C Nunez
Rosales,beatrice T
Affidavit Of Death
related
—
—
—
Peter R Osborne
—
Deed Of Trust
related
$25,000 · First 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.
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