Technical
Financial
Distress signals
Property profile

8 E Figueroa St Santa Barbara, CA 93101

FOR LEASE
Retail space
Property ID
US09-2455103
0.09 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 8 E Figueroa St in the heart of downtown Santa Barbara, presents a rare opportunity. Situated on the highly visible corner of State and Figueroa Streets, this building boasts a prime location with exceptional foot traffic. The C-2 zoning allows for a variety of uses, currently configured as both retail and office space. The office component offers a full floor layout, ideal for a variety of businesses. Large windows throughout provide abundant natural light and excellent visibility to the bustling street life below. The building's strategic position ensures exposure to both local residents and the significant tourist population of Santa Barbara. Surrounded by restaurants, shops, and daily amenities, this property offers unparalleled convenience and accessibility. The multiple tenancy structure provides flexibility for various business needs. This is an ideal investment for those seeking a high-profile location in one of California's most desirable cities. The property is located in Santa Barbara County, CA, 93101.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.09 ac (3,920 SF)
APN 039-231-016
UPID US09-2455103

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
  • Physician Medical Clinic
  • Law Firm
  • Law Firm Child Welfare Organization
  • Nail Salon
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

8 E Figueroa St Santa Barbara, CA 93101
Santa Barbara metro Census 900 SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2026
3 recorded transactions
2026
Price N/A
2024
Price N/A
2003
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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