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Property profile & analytics
OFF-MARKET
Estimated value
$1,645,000
Office buildings
5290 Opas Rd Bldg C, Santa Barbara, CA 93111-2081
Entity Owned
Free & Clear
Property ID
US09-3686587
Property summary
AI-generated overview
This fully renovated 436-square-foot office condominium is situated in the desirable Creekside Plaza, a tranquil garden office complex in Santa Barbara, CA. The property, built in 1984 and completely renovated in 2024, offers a single unit within a single-story building. The space is currently vacant and ready for immediate occupancy. The asking price is $225,000, translating to $516.06 per square foot. The property features one parking space per unit and sits on a 0.01-acre lot. Its convenient location provides easy access to Highway 101 and Highway 217, Santa Barbara Airport, and the University of California, Santa Barbara. The property is zoned OI (Office Institutional) and has a net rentable area of 436 square feet. This Class C office space is ideal for a variety of professional uses, offering a blend of creative and traditional office features. The property's address is 5290 Overpass Road, Santa Barbara, CA 93111, with APN 065-660-040.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
0.09 ac (3,920 SF)
APN
065-660-083
UPID
US09-3686587
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
-
Kuesis Bruce DVM, Mission Equine Veterinary Clinic
-
GoEngineer - Santa Barbara (Bike/Boat/Book/etc) Store Corporate Office
-
Barbara Kloos Marriage Or Relationship Counselor
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Creekside Plaza Business Service Center Corporate Office
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Santa Barbara Integrative Psychiatry Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
HOUTZ DAVID E & MARGARET D TR · 1 yrs held
HOUTZ DAVID E & MARGARET D TR
since 2025
Last sale
$1.5M
1 recorded transaction
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
$1,780,000
ML approach
$1,795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±10% · vs last sale $1.50M (May 23 2025)
Last sale anchor
$1.50M
May 23 2025
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
$11,789
Tax year 2024
Assessed value
$1,096,806
Assessed 2024
Previous assessed
$1,096,806
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$329,016
Assessed improvement
$767,790
Applied tax rate
8.0000
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
0.09 ac (3,920 SF)
APN
065-660-083
UPID
US09-3686587
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
0.09 ac
Current owner
From public records · entity-resolved
HOUTZ DAVID E & MARGARET D TR
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 897, LOS OLIVOS, CA 93441-0897
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2025
$1,500,000
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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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