New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Office buildings
621 Micheltorena St, Santa Barbara, CA 93101-4195
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-2473184
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Lot
0.24 ac (10,454 SF)
APN
039-041-020
UPID
US10-2473184
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
-
Michael A Pina Law Firm
-
Multiservices Santa Barbara, LLC Law Firm
-
Ryan William R DC Alternative Medicine Practice
-
Sheila Cullen Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
City Of Santa Barbara · 1 yrs held
City Of Santa Barbara
since 2025
Last sale
$1.5M
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 Santa Barbara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Barbara 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
$1,420,000
ML approach
$1,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10% · vs last sale $1.45M (Jan 22 2025)
Last sale anchor
$1.45M
Jan 22 2025
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
$2,237
Tax year 2024
Assessed value
$1,554,691
Assessed 2024
Previous assessed
$1,554,691
+0.0% YoY
Effective rate
0.14%
On assessed value
Assessed land
$1,072,201
Assessed improvement
$482,490
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Heating
NONE
Lot
0.24 ac (10,454 SF)
APN
039-041-020
UPID
US10-2473184
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
0.24 ac
Current owner
From public records · entity-resolved
City Of Santa Barbara
Entity
Mailing address
414 E COTA ST #1, SANTA BARBARA, CA 93101-1624
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
—
City Of Santa Barbara
Santa Barbara Neighborhood Clinics
Deed
related
—
Mar 6, 2020
$1,450,000
Santa Barbara Nbrhd Clinics
Philip Mintz
Grant Deed
—
Mar 6, 2020
—
Philip Mintz
Sarah Mintz
Quit Claim Deed
related
—
Apr 19, 2010
$600,000
Philip Mintz
Fci Lender Services INC
Trustees Deed
related
—
Apr 8, 2010
—
Raymond M Zielonko
Ryan,william R
Quit Claim Deed
related
—
Nov 2, 2009
$600,000
Philip Mintz
Fci Lender Services INC
Trustees Deed
—
—
—
William R Ryan
—
Deed Of Trust
related
$315,000 · Goleta National Bank
—
—
William R Ryan
—
Deed Of Trust
related
$100,000 · Cohen E & P G Family Trust
—
—
William R Ryan
—
Deed Of Trust
related
$20,000 · Private Lender
—
—
William R Ryan
—
Deed Of Trust
related
$200,000 · Private Lender
—
—
William R Ryan
—
Deed Of Trust
related
$15,000 · Private Lender
—
—
William R Ryan
—
Deed Of Trust
related
$314,000 · Ralph Cogan Ira #ccr0200
—
—
William R Ryan
—
Deed Of Trust
related
$250,000 · Allstar Financial
—
—
William R Ryan
—
Deed Of Trust
related
$100,000 · Mortgage Funding INC
—
—
William R Ryan
—
Deed Of Trust
related
$725,000 · Philip Mintz
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 621 Micheltorena St?
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.
