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Property profile & analytics
FOR SALE
Retail space
3609 State St Santa Barbara, CA 93105
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3365007
For Sale
1 / 7
$6,750,000
3609 State St, Santa Barbara, CA 93105
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
0.41 ac (17,859 SF)
APN
051-051-006
UPID
US09-3365007
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
-
SALT Color x Extensions Hair Salon
-
Santa Barbara County Sleep Shoppes & Design Center Furniture & Home Goods
-
Big City Futons Home Decor Store
-
Red Studio - Hair & Makeup Hair Salon
-
Chiccleats (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Ontare Plaza LLC · 7 yrs held
Ontare Plaza LLC
since 2019
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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$36,312
Tax year 2024
Assessed value
$3,425,726
Assessed 2024
Previous assessed
$3,425,726
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,849,460
Assessed improvement
$1,576,266
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Heating
NONE
Lot
0.41 ac (17,859 SF)
APN
051-051-006
UPID
US09-3365007
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
0.41 ac
Current owner
From public records · entity-resolved
Ontare Plaza LLC
Entity
Free & Clear · 7 yrs held
Mailing address
10452 KLING ST, TOLUCA LAKE, CA 91602-1530
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2019
—
Ontare Plaza LLC
Goldman Family Trust
Quit Claim Deed
—
Nov 15, 2018
$4,825,000
Andy E Goldman
Richard G Doolittle
Grant Deed
$2,545,000 · Jpmorgan Chase Bank NA
Dec 14, 2012
$3,900,000
Richard G Doolitle
Porter,alan R
Grant Deed
$3,200,000 · Amherst Exchange Corp
Mar 5, 1998
$2,100,000
Alan R Porter
Heinecke Trust
Grant Deed
$1,470,000 · First Bank & Trust
Apr 10, 1989
—
George Heinecke
First Exchange
Grant Deed
related
—
Mar 28, 1989
—
First Exchange C
Santa,barbara Ex
Trustees Deed
related
—
—
—
Alan R Porter
—
Deed Of Trust
related
$250,000 · First Bank & Trust
—
—
George Heinecke
—
Deed Of Trust
related
$1,520,000 · County Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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