Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$13,290,000
Commercial land
5885 Carpinteria Ave Carpinteria, CA 93013-2605
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2838012
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
23.4 ac (1,019,304 SF)
APN
001-170-013
UPID
US10-2838012
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
-
pro-fitted golf clubs Golf Course
-
Tee Time Practice Center Golf Course
-
Pacific Green Nursery Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.29M
Owner & transaction history
Carp Bluff LLC · 4 yrs held
Carp Bluff LLC
since 2021
Last sale
$13.7M
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
$12,465,000
ML approach
$9,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.29M
Range $11.96M – $14.62M · ±10% · vs last sale $13.70M (Oct 8 2021)
Last sale anchor
$13.70M
Oct 8 2021
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
$141,688
Tax year 2024
Assessed value
$13,525,200
Assessed 2024
Previous assessed
$13,525,200
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$13,525,200
Applied tax rate
5.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
23.4 ac (1,019,304 SF)
APN
001-170-013
UPID
US10-2838012
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
23.4 ac
Current owner
From public records · entity-resolved
Carp Bluff LLC
Entity
Mailing address
1415 N CAHUENGA BLVD, LOS ANGELES, CA 90028-8125
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
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2023
—
Carp Bluff LLC
—
Deed
related
$18,450,000 · Sortis Income Fund Reit INC
Oct 13, 2022
—
Carp Bluff LLC
—
Deed
related
$16,980,000 · Sortis Income Fund Reit INC
Oct 8, 2021
$13,700,000
Carp Bluff LLC
O Rhyan Capital Management LLC
Grant Deed
$14,000,000 · Sorfi LLC
Jun 11, 2019
—
O Rhyan Cap Mgmt LLC
—
Loan Modification
related
$4,300,000 · Gf Cap
Sep 20, 2016
—
O Rhyan Cap Mgmt LLC
—
Deed
related
$3,100,000 · Gf Cap
Jun 17, 2016
—
O Rhyan Cap Mgmt LLC
—
Deed
related
$3,000,000 · Hankey Cap
Dec 29, 2014
$6,425,000
O Rhyan Cap Mgmt LLC
Carpinteria Partners LP
Grant Deed
$3,000,000 · Hankey Cap
Mar 3, 2008
—
Summerwind Investors LLC
Lyndehurst Ltd
Grant Deed
—
Feb 20, 2008
—
Summerwind Investors LLC
Alder Creek Family Trust
Grant Deed
—
Sep 12, 2007
$10,022,949
Ayhse Trust
Escrow Professionals INC
Trustees Deed
related
—
Oct 26, 2004
—
Fas & Son INC Psp
Serena,frank A & Lorraine D
Quit Claim Deed
$7,250,000 · Integrated Fin'l Associates
Aug 2, 2001
—
Sanchez Trust
Sanchez,mary L & Richard R
Quit Claim Deed
related
—
Jul 3, 2001
—
Mary L Sanchez
Sanchez Trust
Quit Claim Deed
related
—
Jun 6, 2001
—
Brown Trust
Brown,ralph M & Betty M
Quit Claim Deed
related
—
Aug 31, 1999
—
Paderno Holding Co
Carpinteria Ocean Bluffs LP
Grant Deed
related
—
Jul 14, 1994
—
Carpinteria Ocean Bluffs LP
Paderno Holding
Trustees Deed
related
—
Jul 12, 1994
—
Paderno Holding Co LP
Serena,frank A &
Trustees Deed
related
—
—
—
Carpinteria Ocean Bluffs LP
—
Deed Of Trust
related
$900,000 · Protocol X INC
—
—
Frank A Serena
—
Deed Of Trust
related
$121,418 · Bank Of Montecito
—
—
O Rhyan Cap Mgmt LLC
—
Deed Of Trust
related
$300,000 · Nishith Choksi
—
—
O Rhyan Cap Mgmt LLC
—
Deed Of Trust
related
$1,000,000 · Gemcrest LLC
—
—
O Rhyan Cap Mgmt LLC
—
Deed Of Trust
related
$850,000 · Gemcrest LLC
—
—
O Rhyan Cap Mgmt LLC
—
Deed Of Trust
related
$3,100,000 · Gf Cap
—
—
O Rhyan Cap Mgmt LLC
—
Loan Modification
related
$3,000,000 · Hankey Cap
—
—
Carpinteria Ocean Bluffs LP
—
Deed Of Trust
related
$35,000 · Individual
—
—
O Rhyan Cap Mgmt LLC
—
Loan Modification
related
$3,000,000 · Hankey Cap
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 5885 Carpinteria Ave?
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.
