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Property profile & analytics
OFF-MARKET
Estimated value
$6,700,000
Office buildings
411 Canon Perdido St, Santa Barbara, CA 93101-1550
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2235497
Property summary
AI-generated overview
This exceptional office opportunity presents two available suites within a desirable Santa Barbara location at 411 E Canon Perdido St, Santa Barbara, CA 93101. The property, identified by APN 029-302-017 in Santa Barbara County, offers flexible space ranging from 880 to a maximum contiguous 2,785 square feet. Ideal for businesses seeking a professional office environment, the suites are situated just blocks from the vibrant Santa Barbara Business District and the renowned State Street retail corridor, providing easy access to a wealth of shops and restaurants. A significant advantage is the generous parking available on the property, a rare find in this central location. Each suite is equipped with HVAC systems for climate control and shares access to a convenient common kitchenette. The property type is classified as a Professional Office with multiple tenancies. This is a unique chance to secure a well-located, functional office space in the heart of Santa Barbara. The cross street is Laguna St.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
1.06 ac (46,173 SF)
APN
029-302-017
UPID
US09-2235497
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
-
Homeopathy Kits Alternative Medicine Practice
-
805-323-4100 – Real Estate Investment & Management Real Estate Agency
-
Julia Dubiel Alternative Medicine Practice Acupuncture
-
Complete Process Serving Law Firm
-
Domestic Violence Solutions Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.70M
Owner & transaction history
Sb Storage Partners LP · 1 yrs held
Sb Storage Partners LP
since 2024
Last sale
$6.7M
5 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
$6,700,000
ML approach
$6,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.70M
Range $6.03M – $7.37M · ±10% · vs last sale $6.70M (Dec 20 2024)
Last sale anchor
$6.70M
Dec 20 2024
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
$20,950
Tax year 2024
Assessed value
$1,959,337
Assessed 2024
Previous assessed
$1,959,337
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,127,438
Assessed improvement
$831,899
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Lot
1.06 ac (46,173 SF)
APN
029-302-017
UPID
US09-2235497
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
1.06 ac
Current owner
From public records · entity-resolved
Sb Storage Partners LP
Entity
Mailing address
253 DANA PT AVE, VENTURA, CA 93004-1652
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2026
—
Sb Storage Partners LP
—
Deed
related
$4,940,000 · Montecito Bank And Trust
Dec 20, 2024
$6,700,000
Sb Storage Partners LP
Debra A Whitson
Grant Deed
$3,600,000 · John I Scholle Trust
Feb 28, 1997
—
Scholle Trust
Scholle Trust
Quit Claim Deed
related
—
Sep 23, 1994
—
John I Scholle Estate
—
Grant Deed
related
$375,000 · Bank Of Montecito
Sep 19, 1994
—
Scholle Trust
Poulos,ronald J
Quit Claim Deed
related
—
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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