Realmo Analytics
Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.
We will call you to discuss how Realmo analytics may help you.
Property summary
This exceptional two-story, 9,673-square-foot freestanding office building presents a compelling investment opportunity in Santa Barbara, CA. Boasting a strong Net Operating Income (NOI) of $401,609 (as of September 1, 2024), and an attractive 8.92% cap rate, this property offers significant potential. The asking price is $4,500,000 ($465 per square foot). Situated on a substantial 15,245-square-foot lot (APN: 031-303-024 & 031-303-006), the building features a wood-frame construction with a… major remodel/addition completed in 1990. Roof age varies from 1998 to 2015. The property includes 17 reserved parking spaces, plus street parking. Interior features encompass approximately 9-foot ceilings, five unisex restrooms (three downstairs, two upstairs), and a sprinkler system. The HVAC system comprises two newer Aaon package units for lab space, three newer Samsung split units, and four older York package units. Loading is facilitated by a double-door at ground level. Zoning is M-1 (819 Reddick) and C-G (822 E Haley). The building previously held three inactive cannabis permits (manufacture, distribution, and delivery). Currently, the entire building is subleased through December 31, 2026. The second floor offers a mix of perimeter offices and open bullpen areas, while the first floor includes a well-equipped wet lab area and additional office/storage space. The property benefits from ample natural light, security cameras, multiple entrances with electronic access, and a convenient location near Milpas Street amenities.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 15 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- Lot area
- 0.21 ac
- APN
- 031-303-024
- Assessed value · 2024
- $3,183,623
- Annual tax · 2024
- $33,730
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
The PDF can’t be displayed here
Use Download PDF or Open in new tab above to view the sample report.