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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Automotive properties
350 Hitchcock Way Santa Barbara, CA 93105-4002
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-5647709
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Lot
2.68 ac (116,740 SF)
APN
051-240-029
UPID
US09-5647709
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
-
Lexus Parts Center Industrial Manufacturer Production Facility
-
Parts Department at Lexus of Santa Barbara Auto Parts Store
-
Lexus of Santa Barbara Auto Repair Shop
-
Service Center at Lexus of Santa Barbara Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$855k
Owner & transaction history
Laura And Larry Worchell Family Tru
Laura And Larry Worchell Family Tru
since 2025
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
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$96,131
Tax year 2024
Assessed value
$8,934,552
Assessed 2024
Previous assessed
$8,934,552
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$7,473,677
Assessed improvement
$1,460,875
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Heating
NONE
Lot
2.68 ac (116,740 SF)
APN
051-240-029
UPID
US09-5647709
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
2.68 ac
Current owner
From public records · entity-resolved
Laura And Larry Worchell Family Tru
Individual
Mailing address
11661 SAN VICENTE BLVD STE #301, LOS ANGELES, CA 90049-5111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
—
Laura And Larry Worchell Family Tru
Lw Non Exempt II LLC
Grant Deed
—
Feb 15, 2023
—
Lw Survivor II LLC
Laura Worchell
Grant Deed
—
Jun 2, 2020
—
Worchell,l & L Fam Survi Trust
Worchell L & L F/tr
Quit Claim Deed
related
$5,400,000 · City Nat'l Bk
May 8, 2017
—
Worchell,l & L Family Trust
Worchell L & L Trust
Quit Claim Deed
related
—
Oct 19, 2016
—
Ison,timothy M Trust
Ison,timothy M
Quit Claim Deed
related
—
Apr 5, 2016
—
Laura Worchell
Worchell,lawrence
Affidavit Of Death
related
—
Nov 4, 2011
—
Ison,timothy M
Tmi Holdings LLC
Quit Claim Deed
related
—
Aug 8, 2008
—
Dch California Invs LLC
Owner Name Unavailable
Grant Deed
related
—
Sep 20, 2007
—
Worchell,l & L Family Trust
Clayton Trout & Co III LLC
Grant Deed
—
—
—
Worchell,l & L Family Trust
—
Deed Of Trust
related
$6,000,000 · Farmers & Merchants Bk/lng Bch
—
—
Horowitz Family Trust
—
Deed Of Trust
related
$5,400,000 · City Nat'l Bk
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.
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