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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
Turn key restaurants
532 State St Santa Barbara, CA 93101-1602
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5829716
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Total area
2,375 SF
Lot
0.05 ac (2,178 SF)
APN
037-173-027
UPID
US09-5829716
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
-
Yona Redz Restaurant
-
Old Kings Road Nightclub Bar & Pub
-
Startbuilding yourBusiness Prfile Washer & Dryer Repair Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.08M
Owner & transaction history
Patrick Hartmann · 1 yrs held
Patrick Hartmann
since 2024
Last sale
$2.1M
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
$2,080,000
ML approach
$2,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±10% · vs last sale $2.08M (Sep 6 2024)
Last sale anchor
$2.08M
Sep 6 2024
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
$876 / 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
$24,922
Tax year 2024
Assessed value
$2,280,544
Assessed 2024
Previous assessed
$2,280,544
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$841,421
Assessed improvement
$1,439,123
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
Total area
2,375 SF
Lot
0.05 ac (2,178 SF)
APN
037-173-027
UPID
US09-5829716
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
0.05 ac
Current owner
From public records · entity-resolved
Patrick Hartmann
Individual
Mailing address
1826 STATE ST, SANTA BARBARA, CA 93101-2420
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
$2,080,000
Patrick Hartmann
Ray Mahboob
Grant Deed
$1,451,100 · Montecito Bank & Trust
Sep 6, 2024
—
Ray Mahboob
Ray Mahboob
Affidavit Of Death Of Joint Tenant
related
—
Aug 4, 2015
$1,965,000
Ray Mahboob
532 State St LLC
Grant Deed
$1,375,500 · American Riviera Bank
Aug 4, 2015
—
532 State St LLC
Campos,david JR
Grant Deed
—
Mar 15, 2013
—
David Campos JR.
Campos,maria Elena
Quit Claim Deed
related
$750,000 · Schulte Herbert Family Trust
Oct 14, 1991
$485,000
David Campos JR.
Brucker,james
Grant Deed
$625,000 · Goleta National Bank
Mar 9, 1989
—
James Brucker
Brucker,frances
Quit Claim Deed
related
$200,000 · Santa Barbara Bank
—
—
James Brucker
—
Deed Of Trust
related
$100,000 · Individual
—
—
David Campos JR.
—
Deed Of Trust
related
$155,000 · Tooel Diane L Family Trust
—
—
David Campos JR.
—
Deed Of Trust
related
$50,000 · Reuben Campos
—
—
Ray Mahboob
—
Loan Modification
related
$2,522,616 · American Riviera Bk
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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