Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Warehouses
5342 Opas Rd Goleta, CA 93111-2008
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1295822
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
20,030 SF
Lot
1.41 ac (61,419 SF)
APN
071-220-013
UPID
US09-1295822
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
by Request
CAP Approach
CAP
$2.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
Goleta Valley Mini Storage LP · 5 yrs held
Goleta Valley Mini Storage LP
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.2M
+8.0%
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 Goleta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Goleta 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,480,000
6.5%
$2,290,000
7%
$2,130,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,965,000
Current use
RETAIL STORES
$3,205,000
Change: +8% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,935,000
Change: -1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,920,000
Change: -2% · Conversion: Easy
RESTAURANT
$2,525,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±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
$104 / 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
$54,922
Tax year 2024
Assessed value
$5,183,253
Assessed 2024
Previous assessed
$5,183,253
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$878,215
Assessed improvement
$4,305,038
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Total area
20,030 SF
Lot
1.41 ac (61,419 SF)
APN
071-220-013
UPID
US09-1295822
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
WAREHOUSE, STORAGE Current
Est. value
$3.0M
RETAIL STORES
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
RESTAURANT
Est. value
$2.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RESTAURANT
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
Heating
NONE
Lot
1.41 ac
Current owner
From public records · entity-resolved
Goleta Valley Mini Storage LP
Entity
Mailing address
5380 OPAS RD, SANTA BARBARA, CA 93111-2008
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2024
—
Goleta Valley Mini Storage LP
—
Deed
related
$2,600,000 · Hcn Bank
Feb 1, 2023
—
Goleta Valley Mini Storage LP
—
Deed
related
$7,200,000 · Hcn Bank
May 27, 2021
—
Goleta Valley Mini Storage LP
Ronald A Hays
Quit Claim Deed
related
—
May 7, 2021
—
Thomas J Madden
Golden Retreat LLC
Grant Deed
—
Mar 5, 2021
—
5380 Overpass Road LLC
Goleta Valley Mini Storage LP
Quit Claim Deed
related
—
Nov 20, 2009
—
Goleta Valley Mini Storage Ptr
5342-5380 Overpass Road
Grant Deed
—
Nov 19, 1996
—
Hays Trust
Santa Barbara Highland Proper
Grant Deed
$3,418,500 · Montecito Bank & Trust
Dec 29, 1995
—
Santa Barbara Highland Propert
Hotel Properties
Quit Claim Deed
related
—
—
—
Hotel Properties
—
Deed Of Trust
related
$870,000 · Santa Barbara Trust
—
—
Hotel Properties
—
Deed Of Trust
related
$870,000 · Santa Barbara Bank
—
—
William J Levy
—
Deed Of Trust
related
$1,600,000 · Santa Barbara Bank
—
—
5342-5380 Overpass Road
—
Deed Of Trust
related
$5,400,000 · Bank Of Hemet
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5342 Opas Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
