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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Banks
5880 Calle Real Goleta, CA 93117-2343
Trust Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2213067
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Total area
8,304 SF
Lot
1 ac (43,560 SF)
APN
069-110-082
UPID
US09-2213067
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Mark,jerome W Trust · 9 yrs held
Mark,jerome W Trust
since 2017
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 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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$950,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$925,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$910,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$850,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$650,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$78 / 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
$44,127
Tax year 2024
Assessed value
$4,041,515
Assessed 2024
Previous assessed
$4,041,515
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,514,865
Assessed improvement
$1,526,650
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Heating
NONE
Total area
8,304 SF
Lot
1 ac (43,560 SF)
APN
069-110-082
UPID
US09-2213067
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
RESTAURANT
Est. value
$950,000
RETAIL STORES
Est. value
$925,000
OFFICE BUILDING
Est. value
$910,000
WAREHOUSE, STORAGE
Est. value
$850,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$650,000
RESTAURANT
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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 ac
Current owner
From public records · entity-resolved
Mark,jerome W Trust
Trust
Free & Clear · 9 yrs held
Mailing address
25341 ORELLANO WAY, LAGUNA HILLS, CA 92653-5013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
May 4, 2017
$2,375,000
Mark,jerome W Trust
Mark Family Trust
Grant Deed
related
—
Feb 1, 2012
$2,900,000
Mark Family Trust
Spear R & R Family Trust
Grant Deed
$286,000 · Marcus S Metzler JR Profi (ct)
Feb 1, 2012
—
Robin K Spear
Spear,reginald G
Affidavit Of Death
related
—
Oct 18, 2011
—
Spear R & R Family Trust
Spear,robin K & Reginald G
Quit Claim Deed
related
—
Nov 21, 1996
—
Reginald G Spear
Spear,robin K
Quit Claim Deed
related
—
Dec 4, 1995
$1,600,000
Robin K Spear
Cavalier Investments Ltd
Grant Deed
—
May 14, 1993
—
Cavalier Inv Ltd
American Savings
Grant Deed
$600,000 · Santa Barbara Bank & Trust
—
—
Cavalier Inv Ltd
—
Deed Of Trust
related
$900,000 · Santa Barbara Bank & Trust
—
—
Mark Family Trust
—
Deed Of Trust
related
$484,000 · Marcus S Metzler JR 401 K Prof
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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