Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    316 Valerio St Santa Barbara, CA 93101-5909
    Back to Search
    Property profile & analytics

    316 Valerio St, Santa Barbara, CA 93101-5909

    View on Map
    • Apartment buildings
    • 0.28 lot acres
    Off-Market
    Last Sale Jan 8, 2024
    $3,288,000
    Property ID
    US09-0126530
    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.
    Value Estimations
    $3,290,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Luca Branding / Advertising Agency / Marketing & Advertising

    Property Details for 316 Valerio St

    Lot size
    0.28 lot acres
    Property type
    Apartment buildings
    APN
    027-082-029
    APU
    27082029

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 8, 2024 $3,288,000 Brown Commercial Investment Prop Ll Anthony A Mcmahon Grant Deed $2M · Jpmorgan Chase Bank NA
    Nov 14, 2018 $2,775,000 Anthony A Mcmahon Sb Holding Group LLC Grant Deed $1.5M · Banc Of California NA
    Jun 16, 2017 $2,350,000 Sb Holding Group LLC Parish Enterprises Grant Deed $1.6M · Community West Bank NA
    Feb 3, 1989 $630,000 Parish Enterpris Kwok,linda Grant Deed $409k · Home Savings Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,290,000
      ML approach
      $3,290,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Barbara
    County
    Santa Barbara
    State
    California
    Longitude
    -119.715
    Latitude
    34.4248
    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
    $32,139
    $1,804,513
    $1,230,350
    $3,034,863
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      307 Pedregosa St

      APARTMENT HOUSE (5+ UNITS)
      307 Pedregosa St, Santa Barbara, CA 93101-2844
      View Details
    • Value Estimation
      $540,000
      0.47 Acres

      1313 Olive St

      APARTMENT HOUSE (5+ UNITS)
      1313 Olive St, Santa Barbara, CA 93101-1292
      View Details
    • Value Estimation by Request
      0.66 Acres

      825 Olive St

      APARTMENT HOUSE (5+ UNITS)
      825 Olive St, Santa Barbara, CA 93101-1542
      View Details
    • Value Estimation by Request
      0.18 Acres

      229 Islay St

      APARTMENT HOUSE (5+ UNITS)
      229 Islay St, Santa Barbara, CA 93101-2837
      View Details
    • Value Estimation by Request
      0.25 Acres

      213 Ladera St

      APARTMENT HOUSE (5+ UNITS)
      213 Ladera St, Santa Barbara, CA 93101-4528
      View Details
    • Value Estimation by Request
      0.30 Acres

      1321 Gdn St

      APARTMENT HOUSE (5+ UNITS)
      1321 Gdn St, Santa Barbara, CA 93101-1248
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,486 SF

      Santa Barbara Six-Unit Apartment Building

      Well-maintained six-unit apartment building in central Santa Barbara location.
      601 Eucalyptus Ave, Santa Barbara, CA 93101
      View Details
    • $6,500,000
      Pending

      Santa Barbara Multifamily Investment Opportunity

      Sixteen-unit multifamily property with upgraded interiors and plumbing improvements.
      3445 Richland Dr, Santa Barbara, CA 93101
      View Details
    • Contact for pricing
      3,085 SF

      Santa Barbara Spanish Colonial Revival Property

      Iconic property with redevelopment potential in a prime Santa Barbara location.
      1500 Anacapa St, Santa Barbara, CA 93101
      View Details
    • New
      $3,950,000
      0.17 Acres

      Santa Barbara Multifamily Near SBCC

      Sixteen-bedroom multifamily property one block from Santa Barbara City College.
      415 Rancheria St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing
      4,868 SF

      Four Townhomes in Downtown Santa Barbara

      Four individually addressed townhomes with 2BD/2.5BA layouts and 2-car garages.
      1621 Chapala St, Santa Barbara, CA 93101
      View Details
    • $1,995,000
      2,012 SF

      Santa Barbara Multifamily Investment Opportunity

      Charming four-unit property near downtown Santa Barbara with income potential.
      308 W De La Guerra St, Santa Barbara, CA 93101
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      CA, Santa Barbara - Downtown Santa Barbara

      Discover many ways to work your way in CA, Santa Barbara - Downtown Santa Barbara
      7 Figueroa St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing

      Downtown Office Suites For Rent

      Office suites in the heart of downtown Santa Barbara.
      820 State St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing
      1,206 SF

      Multi-Tenant Flex Space Available

      Flex space with HVAC, parking, and roll-up door.
      417 Santa Barbara St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing
      4,300 SF

      Retail Space Available For Rent

      Retail space with HVAC and restrooms available for rent.
      915 State St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing
      2,858 SF

      Retail Space on State Street

      2,858 SF retail space with frontage on State.
      803 State St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing
      1,384 SF

      Retail Space on State Street

      Retail space available for lease in Santa Barbara, CA.
      819 State St, Santa Barbara, CA 93101
      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.
    316 Valerio St
    Santa Barbara, CA 93101-5909
    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

    Thank You for Inquiry
    316 Valerio St, Santa Barbara, CA, 93101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!