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Property profile & analytics
OFF-MARKET
Estimated value
$2,230,000
Office Spaces
536 Arrellaga St Ste 104 Santa Barbara, CA 93103-2255
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-3020380
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Lot
0.04 ac (1,878 SF)
APN
027-430-010
UPID
US10-3020380
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
$2.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.23M
Owner & transaction history
Take Luck LLC · 1 yrs held
Take Luck LLC
since 2025
Last sale
$1.5M
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
by Request
ML approach
$2,685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±10% · vs last sale $1.50M (May 14 2025)
Last sale anchor
$1.50M
May 14 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
$12,800
Tax year 2024
Assessed value
$1,203,006
Assessed 2024
Previous assessed
$1,203,006
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$464,798
Assessed improvement
$738,208
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Lot
0.04 ac (1,878 SF)
APN
027-430-010
UPID
US10-3020380
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
0.04 ac
Current owner
From public records · entity-resolved
Take Luck LLC
Entity
Mailing address
536 E ARRELLAGA ST STE #104, SANTA BARBARA, CA 93103-2255
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2025
$1,500,000
Take Luck LLC
Mesa Haven Properties Limited Liabi
Grant Deed
$1,200,000 · Jpmorgan Chase Bank NA
Apr 23, 2021
—
Mesa Haven Properties Limited Liabi
—
Deed
related
$558,165 · First Republic Bank
Jun 4, 2019
—
Mesa Haven Properties LLC
Pale Horse Properties LLC
Quit Claim Deed
—
Jan 6, 2016
$995,000
Pale Horse Properties LLC
Mark L Thompson
Grant Deed
$646,750 · First Republic Bank
Jan 6, 2016
—
Mark L Thompson
Thompson,carolina A
Affidavit Of Death
related
—
Jul 13, 2009
—
Thompson M W & C A Trust
Thompson M W & C A Trust
Quit Claim Deed
related
—
Jul 7, 2006
$865,000
Thompson Michael W & C A Trust
Santa Barbara Cottage Hosp Fou
Grant Deed
$692,000 · Bank Of Santa Barbara
Jun 30, 2003
—
Santa Barbara Cottage Hospital
Catholic Healthcare West
Grant Deed
related
—
—
—
Thompson M W Living
—
Deed Of Trust
related
$692,000 · Bank Of Santa Barbara
—
—
Thompson M W Living
—
Deed Of Trust
related
$165,100 · Bank Of Santa Barbara
—
—
Thompson M W & C A Trust
—
Deed Of Trust
related
$361,500 · Bank Of Santa Barbara
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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