Property profile

600 Chapala St Santa Barbara, CA 93101

FOR LEASE
Office buildings
Property ID
US09-0661202
0.21 ac lot
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Two exceptional Santa Barbara commercial buildings, located at 600 and 614 Chapala Street, are available for lease. These properties, situated at the highly trafficked intersection of Cota and Chapala Streets in the heart of downtown, offer a combined 33,836 square feet of space. One building is configured as office/retail, while the other is an office/warehouse. Both are available separately or together, presenting a unique opportunity for businesses seeking flexible and high-quality space. The buildings boast state-of-the-art buildouts, including high ceilings, roll-up and tilting doors, and premium finishes and fixtures. Two private lots provide ample parking for tenants and visitors. Recent and ongoing improvements include new HVAC units, roof replacements, and resealed parking lots, ensuring the properties are well-maintained and energy-efficient. This prime location benefits from proximity to major ongoing developments, including the transformation of Paseo Nuevo Mall into 450 residential units, promising increased foot traffic and a vibrant surrounding environment. Available spaces range from 6,619 to 27,217 square feet, catering to a variety of business needs. The properties are considered among the finest in downtown Santa Barbara, offering a prestigious address and exceptional amenities. Santa Barbara County location and 93101 zip code.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 0.21 ac (9,147 SF)
APN 037-131-019
UPID US09-0661202

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Association / Organization

Location

600 Chapala St Santa Barbara, CA 93101
Santa Barbara metro Census 900 SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.48M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.42M

Owner & transaction history

since 2023
Last sale
$4.4M
7 recorded transactions
2023
$4.4M
2017
Price N/A
2016
$3.1M
2000
Price N/A
1996
Price N/A
1996
$561,500
1995
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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