Financial
Distress signals
Property profile

3609 State St Santa Barbara, CA 93105

FOR SALE
Retail space
Property ID
US09-3365007
0.41 ac lot
Last sale Nov 2018 · $4,825,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$36k
Tax billed · 2024
Assessed value$3.43M
Assessed land$1.85M
Assessed improvement$1.58M
Effective rate1.06%

Value estimate

· Sep 2026
$515k
$464k – $567k
AI approach$515k
NOI build-up
Gross scheduled income$256k
Vacancy & credit loss−$19k
Operating expenses−$71k
NOI · 2.45% cap applied$166k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$467/SF
County average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$237 – $746

Cap rate analysis

How does the asset earn?
2.45%
$166k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSANTA BARBARA

Location intelligence

Which uses thrive at this corner?
Best fit: Food Market
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Food Market10.9
Dry Cleaner10.6
Grocery Store10.1

Location

3609 State St Santa Barbara, CA 93105
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3006 State, Santa Barbara, CA 93105-3304 $530,000 May 2025 No data
2704 De La Vina, Santa Barbara, CA 93105-3420 $3,650,000 Jul 2024 No data
2714 De La Vina, Santa Barbara, CA 93105-3420 $3,650,000 Jul 2024 No data
2917 De La Vina, Santa Barbara, CA 93105-3309 $2,100,000 Jun 2024 No data
2915 De La Vina, Santa Barbara, CA 93105-3309 $2,100,000 Jun 2024 No data
3328 State, Santa Barbara, CA 93105-2624 $1,150,000 Apr 2022 2,610 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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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