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Property profile & analytics
OFF-MARKET
Turn key restaurants
4123 State St Santa Barbara, CA 93110-1817
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0541535
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Lot
0.28 ac (12,196 SF)
APN
061-110-028
UPID
US09-0541535
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
-
Palapa Restaurant
-
Palapa Restaurant Restaurant
-
TAX OFFICES OF JOEL PEREZ, EA Tax Preparation
-
Perez Tax Services Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Luis Salazar Perez · 3 yrs held
Luis Salazar Perez
since 2022
Last sale
$325,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$13,940
Tax year 2024
Assessed value
$967,053
Assessed 2024
Previous assessed
$967,053
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$677,995
Assessed improvement
$289,058
Applied tax rate
69.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Heating
NONE
Lot
0.28 ac (12,196 SF)
APN
061-110-028
UPID
US09-0541535
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
0.28 ac
Current owner
From public records · entity-resolved
Luis Salazar Perez
Individual
Mailing address
640 W DE LA GUERRA ST, SANTA BARBARA, CA 93101-4412
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Sep 23, 2022
—
Luis Salazar Perez
Luis S Perez
Intrafamily Transfer
related
$590,000 · Farmers & Merchants Bank Of Long Be
May 15, 2019
—
Perez,maria Trust
De La Luz,perez Maria
Quit Claim Deed
related
—
Dec 29, 2015
—
Maria D Perez
Robles-perez,francisco J
Affidavit Of Death
related
$265,000 · Montecito Bk&tr
Aug 10, 1999
$325,000
Perez,francisco J & Maria
Lander,jack D & Sandara G
Trustees Deed
$35,000 · Seller
Aug 10, 1999
—
Anderson Trust
William A Anderson Estate
Quit Claim Deed
related
$150,000 · Seller
Mar 23, 1995
—
Jack D Lander
Alex C Dalfonso Estate
Grant Deed
$268,000 · Central Coast Bank
—
—
Francisco J Perez
—
Deed Of Trust
related
$250,000 · Stephen P Forsell Psp
—
—
Jack D Lander
—
Deed Of Trust
related
$10,000 · Anderson 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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