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    Property profile & analytics

    26 Castilian Dr Ste A Goleta, CA 93117-5565

    • Warehouses
    • 285,000 SF
    • 4.91 lot acres
    OFF-MARKET
    Last Sale
    Jul 14, 2021
    Value Estimations
    $15,470,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3149919
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 26 Castilian Dr Ste A

    Lot size
    4.91 lot acres
    Property size
    285,000 SF
    Property type
    Warehouses
    APN
    073-150-002
    APU
    73150002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $12,525,000
      Market price range: $12.5M - $48.9M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Goleta
    County
    Santa Barbara
    State
    California
    Longitude
    -119.866
    Latitude
    34.4338
    CBSA code
    42200
    CBSA name
    SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $168,516
    $7,794,129
    $7,708,793
    $15,502,922
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $665,000
      2.94 Acres

      289 Coromar Dr, Unit 110

      WAREHOUSE, STORAGE • 2.94 Acres
      289 Coromar Dr, Goleta, CA 93117-3157
      View Details
    • Value Estimation by Request
      1,920 SF

      10 Kellogg Ave

      WAREHOUSE, STORAGE • 1,920 SF
      10 Kellogg Ave, Goleta, CA 93117-3462
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    • Value Estimation by Request
      3,450 SF

      273 Orange Ave

      WAREHOUSE, STORAGE • 3,450 SF
      273 Orange Ave, Goleta, CA 93117
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    • Value Estimation by Request
      1,725 SF

      6529 Seville Rd

      WAREHOUSE, STORAGE • 1,725 SF
      6529 Seville Rd, Goleta, CA 93117-5161
      View Details
    • Value Estimation by Request
      1,185 SF

      6332 Lindmar Dr

      WAREHOUSE, STORAGE • 1,185 SF
      6332 Lindmar Dr, Goleta, CA 93117-3112
      View Details
    • Value Estimation
      $1,510,000
      47,600 SF

      7272 Hollister Ave

      WAREHOUSE, STORAGE • 47,600 SF
      7272 Hollister Ave, Goleta, CA 93117-2807
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Goleta Warehouse Space Available

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      Goleta Office/Lab/Warehouse Space For Sale

      High-quality Goleta building with office, lab, and warehouse potential.
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      Goleta Warehouse and Office Space

      Flexible R&D/industrial/office space near the airport and UCSB.
      30 S La Patera Ln, Goleta, CA 93117
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      5,796 SF

      Goleta Commercial Building For Sale

      Freestanding commercial building with flexible floor plan and ample parking.
      5777 Hollister Ave, Goleta, CA 93117
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      Approved Storage Space For Sale

      Approved boat, RV, and contractor storage with convenient access.
      35 Ellwood Station Rd, Goleta, CA 93117
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    • Contact for pricing

      Goleta Office/R&D Building For Sale

      Office/R&D building in Goleta's Tech hub, near US 101.
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    Similar Nearby for Lease

    • $13 SF/Yr
      179,667 SF

      Goleta Industrial Space for Lease

      Prime Goleta Flex Space: R&D, Office, Warehouse
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    • $1.95 SF/Yr
      3,526 SF

      Goleta Warehouse Space Available

      Industrial/warehouse unit in Cabrillo Business Park, Goleta's Tech Corridor.
      289 Coromar Dr, Goleta, CA 93117
      View Details
    • $18 SF/Yr
      26,709 SF

      Goleta Creative Office Space

      Prime Goleta location, flexible office/warehouse space.
      0 147–165 Castilian Dr, Goleta, CA 93117
      View Details
    • Contact for pricing
      12,252 SF

      Goleta Warehouse Space Available

      12,252 SF warehouse space for lease in Goleta.
      165 Castilian Dr, Goleta, CA 93117
      View Details
    • Contact for pricing
      10,563 SF

      Goleta Industrial Space Sublease

      10,563 SF industrial space available for sublease in Goleta.
      6860 Cortona Dr, Goleta, CA 93117
      View Details
    • $21 SF/Yr
      75,659 SF

      Goleta Tech Corridor Office/Warehouse

      Prime Goleta space, multiple units available.
      6500 Hollister Ave, Goleta, CA 93117
      View Details
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    26 Castilian Dr Ste A
    Goleta, CA 93117-5565
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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