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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5970 Hollister Ave Goleta, CA 93117-3611

    • Warehouses
    • 5,352 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1324999
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 5970 Hollister Ave

    Lot size
    0.18 lot acres
    Property size
    5,352 SF
    Property type
    Warehouses
    APN
    071-051-028
    APU
    71051028

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Goleta
    County
    Santa Barbara
    State
    California
    Longitude
    -119.83
    Latitude
    34.4365
    CBSA code
    42200
    CBSA name
    SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,356
    $502,417
    $314,009
    $816,426
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      Goleta, CA 93117

      BULK STORAGE, TANKS • 0.10 Acres
      Goleta, CA 93117
      View Details
    • Value Estimation
      $2,885,000
      26,355 SF

      7246 Hollister Ave

      WAREHOUSE, STORAGE • 26,355 SF
      7246 Hollister Ave, Goleta, CA 93117-2807
      View Details
    • Value Estimation
      $3,550,000
      25,512 SF

      99 Aero Camino

      WAREHOUSE, STORAGE • 25,512 SF
      99 Aero Camino, Goleta, CA 93117-3103
      View Details
    • Value Estimation by Request
      1,196 SF

      5960 Olney St

      BULK STORAGE, TANKS • 1,196 SF
      5960 Olney St, Goleta, CA 93117-3905
      View Details
    • Value Estimation by Request
      5,831 SF

      67 Depot Rd

      WAREHOUSE, STORAGE • 5,831 SF
      67 Depot Rd, Goleta, CA 93117-3430
      View Details
    • Value Estimation
      $10,285,000
      76,468 SF

      82 Coromar Dr

      WAREHOUSE, STORAGE • 76,468 SF
      82 Coromar Dr, Goleta, CA 93117-3024
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Goleta Warehouse Space Available

      Warehouse space in Goleta's R&D/tech corridor with modern amenities.
      80 Coromar Dr, Goleta, CA 93117
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    • Contact for pricing

      Goleta Office/Lab/Warehouse Space For Sale

      High-quality Goleta building with office, lab, and warehouse potential.
      6500 Hollister Ave, Santa Barbara, CA 93117
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    • Contact for pricing

      Goleta Warehouse and Office Space

      Flexible R&D/industrial/office space near the airport and UCSB.
      30 S La Patera Ln, Goleta, CA 93117
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    • Contact for pricing

      Approved Storage Space For Sale

      Approved boat, RV, and contractor storage with convenient access.
      35 Ellwood Station Rd, Goleta, CA 93117
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      Goleta Office/R&D Building For Sale

      Office/R&D building in Goleta's Tech hub, near US 101.
      50 Castilian Dr, Goleta, CA 93117
      View Details
    • Contact for pricing
      1,090 SF

      Goleta Commercial Office Space for Lease

      Modern Offices, Prime Goleta Location, Great Value
      Storke 250270 Rd, Goleta, CA 93117
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    Similar Nearby for Lease

    • $13 SF/Yr
      179,667 SF

      Goleta Industrial Space for Lease

      Prime Goleta Flex Space: R&D, Office, Warehouse
      30 La Patera Ln, Goleta, CA 93117
      View Details
    • $1.95 SF/Yr
      3,526 SF

      Goleta Warehouse Space Available

      Industrial/warehouse unit in Cabrillo Business Park, Goleta's Tech Corridor.
      289 Coromar Dr, Goleta, CA 93117
      View Details
    • $21 SF/Yr
      75,659 SF

      Goleta Tech Corridor Office/Warehouse

      Prime Goleta space, multiple units available.
      6500 Hollister Ave, Goleta, CA 93117
      View Details
    • $1.05 SF/Yr
      5,000 SF

      Goleta Warehouse Space Available

      5,000 SF warehouse space for sublease in Goleta.
      80 Coromar Dr, Goleta, CA 93117
      View Details
    • $18 SF/Yr
      26,709 SF

      Goleta Creative Office Space

      Prime Goleta location, flexible office/warehouse space.
      0 147–165 Castilian Dr, Goleta, CA 93117
      View Details
    • $1.70 SF/Yr
      12,252 SF

      Goleta Warehouse Space Available

      12,252 SF warehouse space for lease in Goleta.
      165 Castilian Dr, Goleta, CA 93117
      View Details

    Property Visit Statistics

    • Visits by month
      47.6k
    • Visitors by month
      28.7k
    • Avg Time on site
      12 min
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    5970 Hollister Ave
    Goleta, CA 93117-3611
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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