Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    35 Montecito St Santa Barbara, CA 93101-3823
    Back to Search
    Property profile & analytics

    35 Montecito St, Santa Barbara, CA 93101-3823

    View on Map
    • Commercial land
    • 0.18 lot acres
    Off-Market
    Property ID
    US09-2066343
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 35 Montecito St

    Lot size
    0.18 lot acres
    Property type
    Commercial land
    APN
    033-042-001
    APU
    33042001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 17, 2011 — City Of Santa Barbara Redevelopment Agcy Of City/santa Quit Claim Deed · related —
    May 9, 1994 — Redevelopment Agency Santa Bar Lagomarsino,rich Grant Deed · related —
    Jun 6, 1991 — Lagomarsinos Unknown Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Barbara
    County
    Santa Barbara
    State
    California
    Longitude
    -119.694
    Latitude
    34.4138
    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
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      36 Carrillo St

      VACANT COMMERCIAL LAND
      36 Carrillo St, Santa Barbara, CA 93101-3213
      View Details
    • Value Estimation
      $705,000
      3.00 Acres

      Santa Barbara, CA 93101

      VACANT COMMERCIAL LAND
      Santa Barbara, CA 93101
      View Details
    • Value Estimation by Request
      0.37 Acres

      322 Anacapa St

      VACANT COMMERCIAL LAND
      322 Anacapa St, Santa Barbara, CA 93101-2307
      View Details
    • Value Estimation
      $2,625,000
      0.17 Acres

      320 Cota St

      VACANT COMMERCIAL LAND
      320 Cota St, Santa Barbara, CA 93101-1622
      View Details
    • Value Estimation
      $530,000
      0.21 Acres

      425 Santa Barbara St

      VACANT COMMERCIAL LAND
      425 Santa Barbara St, Santa Barbara, CA 93101-2341
      View Details
    • Value Estimation by Request
      0.08 Acres

      522 State St

      VACANT COMMERCIAL LAND
      522 State St, Santa Barbara, CA 93101
      View Details

    Similar Nearby for Sale

    • $1,750,000
      1,060 SF

      Santa Barbara Commercial Property

      Commercial property for sale in Santa Barbara, California.
      211 W Victoria St, Santa Barbara, CA 93101
      View Details
    • $1,750,000
      0.09 Acres

      Storefront with Cottage in Santa Barbara

      Storefront and cottage with parking in desirable Santa Barbara location.
      211 W Victoria St, 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
    • Contact for pricing
      938 SF

      Retail Property in Santa Barbara

      Storefront property for sale at Garden and Carrillo St.
      307 E Carrillo St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing
      2,080 SF

      Santa Barbara Office Space Available

      Office space featuring high ceilings, HVAC, and common restrooms.
      721-791 Chapala 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

    Similar Nearby for Lease

    • Contact for pricing

      2 Acre Prime Location Property

      Located in the heart of The Funk Zone, Santa Barbara.
      Santa, Santa Barbara, CA 93101
      View Details
    • 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
    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.
    35 Montecito St
    Santa Barbara, CA 93101-3823
    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
    35 Montecito 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!