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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Manufacturing properties
506 Quarantina St, Santa Barbara, CA 93103-3121
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0214932
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1982
Total area
2,388 SF
Lot
0.12 ac (5,227 SF)
APN
031-232-019
UPID
US09-0214932
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
-
Specialty Door & Cabinet Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$1.59M
Owner & transaction history
Winning Makes INC · 3 yrs held
Winning Makes INC
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+162.9%
Retail stores
$1.1M
+18.6%
Commercial (general)
$1.0M
+9.6%
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
$1,870,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,470,000
Change: +163% · Conversion: Difficult
RETAIL STORES
$1,115,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,030,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±10% · vs last sale $1.50M (Jan 6 2023)
Last sale anchor
$1.50M
Jan 6 2023
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
$664 / 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
$14,426
Tax year 2024
Assessed value
$1,356,600
Assessed 2024
Previous assessed
$1,356,600
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$887,400
Assessed improvement
$469,200
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
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1982
Heating
NONE
Total area
2,388 SF
Lot
0.12 ac (5,227 SF)
APN
031-232-019
UPID
US09-0214932
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
OFFICE BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1982
Heating
NONE
Lot
0.12 ac
Current owner
From public records · entity-resolved
Winning Makes INC
Entity
Free & Clear · 3 yrs held
Mailing address
1 N CALLE CESAR CHAVEZ ST STE #124, SANTA BARBARA, CA 93103-5602
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2023
$1,500,000
Winning Makes INC
Richard J Nash
Grant Deed
—
Nov 16, 2012
—
Egon B Milbrecht
Milbrecht,waltraud
Affidavit Of Death
related
—
Nov 15, 2012
$800,000
Richard J Nash
Milbrecht E B & W Trust
Grant Deed
—
Nov 15, 2012
—
Egon B Milbrecht
Milbrecht,waltraud
Affidavit Of Death
related
—
Jul 28, 2010
—
Milbrecht E B & W Living Trust
Milbrecht,waltraud & Egon
Quit Claim Deed
related
—
Jul 3, 2006
$1,100,000
Kaas Family Trust
Milbrecht,egon B
Grant Deed
$950,000 · Egon Milbrecht
Jul 3, 2006
—
Egon B Milbrecht
Milbrecht E B & W Trust
Quit Claim Deed
related
—
Jun 14, 1994
—
Milbrecht Trust
Milbrecht,egon &
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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