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Property profile & analytics
FOR LEASE
Retail space
250 Storke Rd Portfolio, Goleta, CA 93117
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2604882
For Lease
1 / 3
$1.65 SF/Yr
250 Storke Rd,Unit Portfolio, Goleta, CA 93117
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
32,820 SF
Lot
2.25 ac (98,010 SF)
APN
073-100-032
UPID
US09-2604882
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
$10.50M
CAP Approach
CAP
$7.85M
Comparable Approach
Comparable
$9.70M
Blend (final)
Blend
$10.50M
Owner & transaction history
Storke Road Investors LP · 1 yrs held
Storke Road Investors LP
since 2024
Last sale
$10.5M
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 Goleta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Goleta 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
$10,500,000
ML approach
$10,500,000
CAP Approach
CAP Return
Estimation
6%
$8,500,000
6.5%
$7,845,000
7%
$7,285,000
Alternative Use
Use
Estimation
RETAIL STORES
$15,325,000
Current use
COMMERCIAL (GENERAL)
$14,165,000
Change: -8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$12,925,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$10.50M
Range $9.45M – $11.55M · ±10% · vs last sale $10.50M (Dec 6 2024)
Last sale anchor
$10.50M
Dec 6 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
$320 / 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
$82,637
Tax year 2024
Assessed value
$5,031,944
Assessed 2024
Previous assessed
$5,031,944
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$1,498,555
Assessed improvement
$3,533,389
Applied tax rate
8.0000
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
For Lease
Heating
NONE
Total area
32,820 SF
Lot
2.25 ac (98,010 SF)
APN
073-100-032
UPID
US09-2604882
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$15.3M
COMMERCIAL (GENERAL)
Est. value
$14.2M
INDUSTRIAL (GENERAL)
Est. value
$12.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Lot
2.25 ac
Current owner
From public records · entity-resolved
Storke Road Investors LP
Entity
Mailing address
923 SAINT VINCENT AVEC, SANTA BARBARA, CA 93101-3714
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
$10,500,000
Storke Road Investors LP
Storke Road II LP
Grant Deed
$6,300,000 · Standard Insurance Co
Jul 10, 2020
—
Storke Road II LP
—
Deed
related
$1,832,000 · Northern Tr
Feb 28, 2006
—
Antipol Ladizhinka Ltd LLC
Storke Road
Grant Deed
—
Dec 19, 2005
—
Storke Road
Antipol Ladizhinka Ltd LLC
Grant Deed
—
Jul 24, 1998
$3,200,000
Winnikoff Trust
Finear,richard
Grant Deed
$2,080,000 · Northern Trust Bank Of Ca
Dec 21, 1993
—
Bottiani Properties
Bottiani Propert
Quit Claim Deed
related
—
—
—
Richard Finear
—
Deed Of Trust
related
$950,000 · Santa Barbara Bank & Trust
—
—
Storke Road II LP
—
Deed Of Trust
related
$1,832,000 · Northern Tr
—
—
Road Storke II
—
Deed Of Trust
related
$2,030,000 · Northern Tr
—
—
Road Storke II
—
Deed Of Trust
related
$500,000 · Northern Tr
—
—
Winnikoff Trust
—
Deed Of Trust
related
$1,850,000 · Northern Trust Bank Of Ca
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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