Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,885,000
Investment properties
740 State St Santa Barbara, CA 93101-5521
Individually Owned
~
Est. High Equity
Property ID
US09-1004936
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Total area
8,891 SF
Lot
0.21 ac (9,147 SF)
APN
037-092-001
UPID
US09-1004936
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
-
Master Writer Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Santa Barbara City Attorney Law Firm
-
Joyce's Dumpster Rental Santa Barbara General Contractor Waste Management Facility
-
lululemon (Bike/Boat/Book/etc) Store
-
Salt Cave Santa Barbara Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.55M
Blend (final)
Blend
$2.89M
Owner & transaction history
Gity Mahboob
Gity Mahboob
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.2M
+8.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,840,000
Current use
RETAIL STORES
$4,150,000
Change: +8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,500,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$2.89M
Range $2.60M – $3.17M · ±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
$324 / 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
$151,707
Tax year 2024
Assessed value
$13,587,433
Assessed 2024
Previous assessed
$13,587,433
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$4,225,487
Assessed improvement
$9,361,946
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Heating
NONE
Total area
8,891 SF
Lot
0.21 ac (9,147 SF)
APN
037-092-001
UPID
US09-1004936
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
COMMERCIAL (GENERAL) Current
Est. value
$3.8M
RETAIL STORES
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$3.5M
COMMERCIAL (GENERAL) Current
RETAIL STORES
INDUSTRIAL (GENERAL)
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
0.21 ac
Current owner
From public records · entity-resolved
Gity Mahboob
Individual
Mailing address
PO BOX 60521, SANTA BARBARA, CA 93160-0521
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2026
—
Gity Mahboob
Mohammad Mahboob
Deed
related
—
Jul 20, 2022
—
Mohammad Mahboob
—
Deed
related
$8,600,000 · Pacific Premier Bank
May 16, 2016
—
Mohammad Mahboob
—
Deed
related
$7,964,000 · Heritage Oaks Bk
Dec 19, 2012
$11,245,500
Mohammad Mahboob
Atlantico INC
Grant Deed
$7,300,000 · Business First Bank
Jan 21, 2005
—
Atlantico INC
Atlantico INC
Quit Claim Deed
—
Sep 14, 2001
—
Atlantico INC
Cobler,michael T
Grant Deed
$5,000,000 · Los Padres Savings Bank
Nov 24, 1998
—
Michael Cobler
Whub Real Est,
Grant Deed
related
—
Jun 28, 1995
—
Whub Real Estate LP
—
Deed Of Trust
related
$42,757,014 · Chase Manhattan Bank
May 25, 1995
$3,660,883
Whub Real Estate LP
Dlg LP
Trustees Deed
—
Dec 28, 1994
—
Ray A Grimshaw
Dlg LP
Grant Deed
related
—
Sep 9, 1992
—
L P Dlg
De La Guerra,bui
Quit Claim Deed
related
$5,250,000 · Union Bank
—
—
Atlantico INC
—
Deed Of Trust
related
$4,307,027 · American Business Bank
—
—
Mohammad Mahboob
—
Loan Modification
related
$7,964,000 · Heritage Oaks Bk
—
—
Atlantico INC
—
Deed Of Trust
related
$5,000,000 · American Business Bank
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 740 State 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.
