New search
Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Retail properties & Spaces
5601 Casitas Pass Rd Carpinteria, CA 93013-3089
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1623724
Property profile
Verified
Property type
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Lot
4.83 ac (210,394 SF)
APN
001-060-042
UPID
US09-1623724
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
-
Glass House Farms Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$595k
Owner & transaction history
Glass House Farm LLC · 10 yrs held
Glass House Farm LLC
since 2016
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 Carpinteria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carpinteria 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
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
—
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
$74,704
Tax year 2024
Assessed value
$6,946,981
Assessed 2024
Previous assessed
$6,946,981
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$2,611,317
Assessed improvement
$4,335,664
Applied tax rate
59.0000
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
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Status
Off-Market
Heating
NONE
Lot
4.83 ac (210,394 SF)
APN
001-060-042
UPID
US09-1623724
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
4.83 ac
Current owner
From public records · entity-resolved
Glass House Farm LLC
Entity
Free & Clear · 10 yrs held
Mailing address
104 E HALEY ST, SANTA BARBARA, CA 93101-2339
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
—
Glass House Farm LLC
—
Deed
related
$50,000,000 · East West Bank
Dec 15, 2021
—
Glass House Farm LLC
—
Deed
related
$100,000,000 · Whitehawk Capital Partners LP
Jul 14, 2016
—
Glass House Farm LLC
Beach Front Properties LLC
Quit Claim Deed
—
May 27, 2016
$4,000,000
Beach Front Properties LLC
Van Wingerden Family Trust
Grant Deed
$2,950,000 · Van Wingerden Family Trust (pt
Mar 21, 2003
—
Wingerden,tr
Brown,ralph M
Deed Of Trust
related
$8,100,000 · Farm Credit West
Jun 4, 1998
$2,175,000
Van Wingerden Trust
Johannes L Overgaag Trustee
Grant Deed
$2,250,000 · Central Coast Fed'l Land Bank
—
—
Overgag Trust
—
Deed Of Trust
related
—
—
—
Overgaag Trust
—
Deed Of Trust
related
$2,735,379 · Central Coast FCU
—
—
Van,wingerden Family Trust
—
Deed Of Trust
related
$550,000 · Farm Credit Svcs
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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