Property profile

317 Milpas St Santa Barbara, CA 93103

OFF-MARKET
Warehouses
Property ID
US09-1806014
0.13 ac lot
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,670-square-foot medical office space is ideally situated on the ground floor of a free-standing building in Santa Barbara's vibrant Milpas Corridor. Located at 317 N Milpas St, Santa Barbara, CA 93103, this single-tenant property offers unparalleled convenience and accessibility. The space boasts a thoughtfully designed layout, including a welcoming waiting room and reception area, two private doctor's offices, eight well-appointed exam rooms, a dedicated lab space, ample storage, a convenient kitchenette, and two private restrooms. An on-site X-ray room adds to the property's functionality. The building provides nine convenient parking spaces for staff and patients. Its prime location offers easy access to major amenities, including a CVS and Trader Joe's just half a block away. Furthermore, the property enjoys proximity to Highway 101 (four blocks) and is less than a mile from the beach, providing exceptional convenience for both patients and staff. The owner is open to considering non-medical uses for this versatile space, making it an attractive option for a variety of businesses. This property presents a unique opportunity to acquire a well-maintained, functional space in a highly desirable location within Santa Barbara County.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Lot 0.13 ac (5,662 SF)
APN 031-363-034
UPID US09-1806014

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

317 Milpas St Santa Barbara, CA 93103-3275
Santa Barbara metro Census 801 SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2024
Last sale
$450,000
7 recorded transactions
2024
Price N/A
1993
Price N/A
1993
$450,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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