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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Commercial land
425 Santa Barbara St Santa Barbara, CA 93101-2341
Entity Owned
3-yr Hold
Absentee Owner
Property ID
US09-2224668
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1905
Total area
1,420 SF
Lot
0.21 ac (9,147 SF)
APN
031-271-008
UPID
US09-2224668
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$566k
Blend (final)
Blend
$530k
Owner & transaction history
Sbid LLC · 3 yrs held
Sbid LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$665,000
+8.2%
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
$440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$615,000
Current use
RETAIL STORES
$665,000
Change: +8% · Conversion: Easy
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
$373 / SF
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
$14,745
Tax year 2024
Assessed value
$1,393,861
Assessed 2024
Previous assessed
$1,393,861
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,393,861
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1905
Heating
NONE
Rooms
6
Bathrooms
1
Total area
1,420 SF
Lot
0.21 ac (9,147 SF)
APN
031-271-008
UPID
US09-2224668
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$615,000
RETAIL STORES
Est. value
$665,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1905
Heating
NONE
Rooms
6
Bathrooms
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Sbid LLC
Entity
Mailing address
831 CLF DR #100, SANTA BARBARA, CA 93109-2346
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
—
Sbid LLC
Edward St. George
Grant Deed
$615,000 · Farmers & Merchants Bank
Apr 21, 2020
$1,025,000
Edward S George
Carrie L Living Walker
Grant Deed
—
Apr 21, 2020
—
Edward St. George
—
Deed
related
$615,000 · Farmers & Merchants Bk/lng Bch
Nov 16, 2018
—
Michael Poole
Cancler,carole M
Quit Claim Deed
—
Oct 12, 2012
—
Walker Carrie L Living Trust
Walker,carrie L
Quit Claim Deed
related
—
Apr 2, 2008
—
Carrie L Walker
Walker,carrie L
Quit Claim Deed
related
—
Feb 25, 2008
—
Michael Poole
Walker,carrie L
Grant Deed
related
—
Dec 20, 2007
$450,000
Michael Poole
Walker,wilma J
Grant Deed
$450,000 · Wilma J Walker
Apr 29, 2005
—
Carrie L Walker
Walker Carrie L Trust
Quit Claim Deed
related
$168,000 · Downey S & L (wholesale)
Jul 29, 2003
—
Walker,tr
Walker,wilma J
Quit Claim Deed
related
—
Jul 18, 2003
—
Wilma J Walker
Matthews,carrie L
Grant Deed
$100,000 · Vandenberg FCU
Jul 8, 2003
—
Carrie,tr
Matthews,carrie L
Quit Claim Deed
related
—
—
—
Carrie L Walker
—
Deed Of Trust
related
$200,000 · Greenpoint Mortgage Funding
—
—
Edward St. George
—
Deed Of Trust
related
$615,000 · Farmers & Merchants Bk/lng Bch
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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