317 Milpas St, Santa Barbara, CA 93103-3275
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.