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Property profile & analytics
OFF-MARKET
Estimated value
$2,780,000
Turn key restaurants
428 Chapala St Santa Barbara, CA 93101-3410
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0928871
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Lot
0.37 ac (16,117 SF)
APN
037-211-026
UPID
US09-0928871
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
-
Bailee Auto Parts Store Waste Management Facility
-
Duo Events Take-out & Catering Catering Service
-
Healthy Warrior Meal Prep Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.78M
Owner & transaction history
Sbid LLC · 6 yrs held
Sbid LLC
since 2020
Last sale
$2.4M
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
$3,100,000
ML approach
$3,135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.78M
Range $2.50M – $3.06M · ±10% · vs last sale $2.44M (Jun 25 2020)
Last sale anchor
$2.44M
Jun 25 2020
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
$31,965
Tax year 2024
Assessed value
$2,616,170
Assessed 2024
Previous assessed
$2,616,170
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,144,403
Assessed improvement
$471,767
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Heating
NONE
Lot
0.37 ac (16,117 SF)
APN
037-211-026
UPID
US09-0928871
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
0.37 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
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2026
—
Sbid LLC
—
Deed
related
$5,000,000 · Community Bank/santa Maria
Jun 13, 2023
—
Sbid LLC
—
Deed
related
$1,500,000 · Farmers & Merchants Bank Of Long Beach
Jun 25, 2020
$2,440,000
Sbid LLC
Casa De Sevilla Partners LP
Grant Deed
$1,500,000 · Farmers & Merchants Bk/lng Bch
May 8, 2002
—
Casa De Sevilla Partners LP
Wyse Trust
Grant Deed
related
—
Mar 20, 2002
—
Boud Wyse
Wyse Trust
Quit Claim Deed
related
—
Jul 9, 1999
—
Katrina Wyse
Wyse Trust
Quit Claim Deed
related
—
May 21, 1996
—
Wyse Trust
—
Grant Deed
related
$310,000 · Santa Barbara Bank & Trust
—
—
Casa De Sevilla Partners LP
—
Deed Of Trust
related
$1,075,000 · American Riviera Bank
—
—
Casa De Sevilla Partners LP
—
Deed Of Trust
related
$861,000 · Mid-state Bank & Trust Co
—
—
Wyse Trust
—
Deed Of Trust
related
$150,000 · Santa Barbara 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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