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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Retail space
409 Anacapa St Santa Barbara, CA 93101-2308
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5829718
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
0.25 ac (10,890 SF)
APN
037-212-030
UPID
US09-5829718
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
-
Reid's Appliances Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Old Town Properties Sb LLC · 1 yrs held
Old Town Properties Sb LLC
since 2024
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
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$40,405
Tax year 2024
Assessed value
$3,385,000
Assessed 2024
Previous assessed
$3,385,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$2,002,400
Assessed improvement
$1,382,600
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
Off-Market
Heating
NONE
Lot
0.25 ac (10,890 SF)
APN
037-212-030
UPID
US09-5829718
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
0.25 ac
Current owner
From public records · entity-resolved
Old Town Properties Sb LLC
Entity
Mailing address
260 PO BOX 811TH LN, SANTA BARBARA, CA 93102-0811
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 6, 2024
—
Old Town Properties Sb LLC
Old Town Properties Sb LLC
Intrafamily Transfer
related
—
Aug 26, 2024
—
Old Town Properties Sb LLC
Series A Of Old Town Properties Sb
Grant Deed
—
Sep 20, 2022
—
Anastate LLC
Series A Of Old Town Properties Sb
Ground Lease
related
—
Jan 8, 2016
—
Series A Of Old Town Properties S
Williams Tom A JR Trust
Grant Deed
—
Dec 2, 2014
—
Barnes Living Trust
Donald & Audrey Barnes 2005 Fa
Quit Claim Deed
related
—
Jul 3, 2007
—
Donald E Barnes
Barnes,audrey W
Affidavit Of Death
related
—
Aug 8, 2005
—
Donald 2005
Barnes Trust
Quit Claim Deed
related
—
Mar 14, 2003
—
William,tr
William,tom A
Quit Claim Deed
related
$642,000 · Stancorp Mortgage Investors
Nov 25, 1992
$132,000
Tom A Williams JR.
Barnes,audrey W
Grant Deed
—
—
—
Barnes Trust
—
Deed Of Trust
related
$735,000 · Standard Insurance Co
—
—
Barnes Trust
—
Deed Of Trust
related
$735,000 · Montecito Bank & Trust
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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