Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    295 Pne Ave Goleta, CA 93117-3713

    • Motels
    • 5,626 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Oct 26, 2021
    $1,500,000
    Value Estimations
    $1,405,000
    Show details
    Cap Rate Potential
    2.4%
    Motels
    Location Intelligence
    Property ID
    US09-2435461
    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

    • Motels

    Property Details for 295 Pne Ave

    Lot size
    0.09 lot acres
    Property size
    5,626 SF
    Property type
    Motels
    APN
    071-114-014
    APU
    71114014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,365,000
      ML approach
      $1,465,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,960,000
      Market price range: $1.73M - $9.06M

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

    Location Insight

    • Map
    • Local Demand
    City
    Goleta
    County
    Santa Barbara
    State
    California
    Longitude
    -119.827
    Latitude
    34.4351
    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
    $18,642
    $371,983
    $1,221,106
    $1,593,089
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.23 Acres

      6563 Trigo Rd Ste, Unit 101

      MOTEL • 0.23 Acres
      6563 Trigo Rd Ste, Goleta, CA 93117-7038
      View Details
    • Value Estimation
      $465,000
      1,976 SF

      5822 Hollister Ave

      MOTEL • 1,976 SF
      5822 Hollister Ave, Goleta, CA 93117-3624
      View Details
    • Value Estimation
      $470,000
      2,420 SF

      6546 Pardall Rd, Unit A

      MOTEL • 2,420 SF
      6546 Pardall Rd, Goleta, CA 93117-4807
      View Details
    • Value Estimation
      $770,000
      0.38 Acres

      6533 Trigo Rd Ste, Unit 106

      MOTEL • 0.38 Acres
      6533 Trigo Rd Ste, Goleta, CA 93117-7126
      View Details
    • Value Estimation
      $3,990,000
      0.23 Acres

      Goleta, CA 93117

      MOTEL • 0.23 Acres
      Goleta, CA 93117
      View Details
    • Value Estimation
      $395,000
      3,200 SF

      5950 Daley St Ste A

      MOTEL • 3,200 SF
      5950 Daley St Ste A, Goleta, CA 93117-3927
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,090 SF

      Goleta Commercial Office Space for Lease

      Modern Offices, Prime Goleta Location, Great Value
      Storke 250270 Rd, Goleta, CA 93117
      View Details
    • Contact for pricing
      9,357 SF

      Goleta Class A Office Suites

      Prime Goleta location, modern suites available.
      420 Fairview 420 Ave, Goleta, CA 93117
      View Details
    • Contact for pricing
      16,956 SF

      Goleta Tech Corridor Office Space

      Class A Office & Lab Sublease in Goleta
      71 Los Carneros 71 Rd, Goleta, CA 93117
      View Details
    • Contact for pricing
      212,137 SF

      Goleta Commercial Storage Facility

      Secure Storage, Excellent Location, High Capacity
      35 Ellwood Sta 35 Rd, Goleta, CA 93117
      View Details
    • $4,095,000

      Isla Vista Student Housing Asset

      Well-maintained ten-unit apartment building near UCSB campus.
      6597 Trigo Rd, Goleta, CA 93117
      View Details
    • $4,500,000

      Oceanfront Duplexes in Isla Vista

      Two oceanfront duplexes with redevelopment potential in Isla Vista.
      6745-6747 Del Playa Dr, Isla Vista, CA 93117
      View Details

    Similar Nearby for Lease

    • $1.15 SF/Yr
      175,211 SF

      Goleta Office Campus: Prime Space

      Modern office/flex space in Goleta, CA.
      7418 Hollister Ave, Goleta, CA 93117
      View Details
    • $13 SF/Yr
      179,667 SF

      Goleta Industrial Space for Lease

      Prime Goleta Flex Space: R&D, Office, Warehouse
      30 La Patera Ln, Goleta, CA 93117
      View Details
    • $19 SF/Yr
      1,090 SF

      Goleta Office Space for Lease

      Modern Offices near UCSB & US-101
      250-270 Storke Rd, Goleta, CA 93117
      View Details
    • $33 SF/Yr
      6,755 SF

      Goleta Retail Center - Prime Location

      High-traffic shopping center; 6,755 SF available.
      127 Fairview Ave, Goleta, CA 93117
      View Details
    • $28 SF/Yr
      23,992 SF

      Goleta Retail Space: Fairview Ave

      Large retail space in prime Goleta location.
      189 Fairview Ave, Goleta, CA 93117
      View Details
    • $0.40 SF/Yr
      20,700 SF

      Goleta Land for Lease

      20,700 SF fenced and gated land near Old Town.
      59 Depot Rd, Goleta, CA 93117
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    295 Pne Ave
    Goleta, CA 93117-3713
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.