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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Investment properties
315 Meigs Rd Santa Barbara, CA 93109-1900
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-2071362
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Lot
0.89 ac (38,768 SF)
APN
045-015-008
UPID
US09-2071362
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
-
Santa Barbara Sparky Electrical Service General Contractor
-
Quantum Life LLC (Bike/Boat/Book/etc) Store Corporate Office
-
Mesa Psychotherapy, P.C., Dara Goldyne, Ph.D. Physician Medical Clinic
-
SUN Builders of Santa Barbara Construction Company
-
Imagine... Weddings and Special Events, L.L.C. Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
315 Meigs Investors LP
315 Meigs Investors LP
since 2026
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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$32,915
Tax year 2024
Assessed value
$3,094,930
Assessed 2024
Previous assessed
$3,094,930
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,735,828
Assessed improvement
$1,359,102
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Heating
NONE
Lot
0.89 ac (38,768 SF)
APN
045-015-008
UPID
US09-2071362
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
0.89 ac
Current owner
From public records · entity-resolved
315 Meigs Investors LP
Entity
Mailing address
222 MEIGS RD APT #18, SANTA BARBARA, CA 93109-1964
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
May 1, 2026
$1,900,000
315 Meigs Investors LP
Helen Conrad
Grant Deed
—
Apr 29, 2026
—
Rob And Nikki Barthelmess 2022 Trust
Francis Barthelmess
Deed
—
Sep 9, 2022
—
Donald Robert Barthelmess
Donald Robert Barthelmess
Intrafamily Transfer
related
—
Mar 15, 2022
—
Julane Helen Conrad
Carol Ann Kallman
Intrafamily Transfer
related
—
May 16, 2013
—
Carol A Kallman
Kallman,kristofer
Quit Claim Deed
related
—
Feb 3, 2010
—
Goldenstone Trust
Kallman,carol A
Grant Deed
related
—
Nov 7, 2008
—
Goldenstone Trust
Kallman,carol A
Quit Claim Deed
related
—
Jan 23, 2004
—
Kristofer Kallman
Kallman,tr
Quit Claim Deed
related
—
—
—
Hild Trust
—
Deed Of Trust
related
$910,000 · Santa Barbara 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.
Try Rey
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