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Property profile & analytics
OFF-MARKET
Estimated value
$78,780,000
Commercial land
Santa Maria, CA 93458
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-5057897
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
146.75 ac (6,392,430 SF)
APN
117-240-028
UPID
US09-5057897
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$78.78M
Owner & transaction history
Blosser Fee Owner LLC · 3 yrs held
Blosser Fee Owner LLC
since 2022
Last sale
$70.0M
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 Maria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Maria 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
$96,340,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$78.78M
Range $70.90M – $86.66M · ±10% · vs last sale $70.00M (Sep 30 2022)
Last sale anchor
$70.00M
Sep 30 2022
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 2023Property tax & assessments
Tax year 2023
Tax billed
$778,601
Tax year 2023
Assessed value
$70,000,000
Assessed 2023
Previous assessed
$70,000,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$69,995,000
Assessed improvement
$5,000
Applied tax rate
3.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
146.75 ac (6,392,430 SF)
APN
117-240-028
UPID
US09-5057897
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
146.75 ac
Current owner
From public records · entity-resolved
Blosser Fee Owner LLC
Entity
Mailing address
10474 SANTA MONICA BLVD STE #403, LOS ANGELES, CA 90025-6932
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
28 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
$70,000,000
Blosser Fee Owner LLC
Dierdre I Roffoni
Grant Deed
$32,000,000 · Pacific Western National Bank
Jan 14, 2022
—
Bella Luna Real Estate LLC
Stacy Gamble Shaw
Intrafamily Transfer
related
—
Apr 28, 2021
—
Stacy Gamble Shaw
Stacy Gamble Shaw
Intrafamily Transfer
related
—
Apr 1, 2021
—
Jjm Family Properties LLC
Megan Maretti Smith
Grant Deed
—
Mar 18, 2021
—
Robert K Hather
Frank T Kloster
Deed
—
Feb 11, 2021
—
Stacy Gamble Shaw
La Prima Famiglia LLC
Grant Deed
—
Jan 26, 2021
—
La Prima Famiglia LLC
LP Maretti-blosser II
Quit Claim Deed
—
Sep 3, 2020
—
Roffoni,maureen G Trust
Maureen G Roffoni
Quit Claim Deed
related
—
Jan 2, 2019
—
Graham,dierdre I 2009 Trust
John A Roffoni
Quit Claim Deed
related
—
Oct 22, 2015
$50,000
Charles Minetti LLC
Familia Minetti LLC
Quit Claim Deed
related
—
Dec 18, 2014
—
Dierdre I 2009 Trust|roffoni Roffoni
Roffoni Janis 2009 Trust
Quit Claim Deed
related
—
May 22, 2014
—
Graham,deirdre I 2009 Trust
Smith Beverly J Trust
Quit Claim Deed
related
—
Aug 5, 2013
—
Graham,dierdre I 2009 Trust
Smith Beverly J Trust
Quit Claim Deed
related
—
Mar 5, 2012
—
John A Roffoni
Smith,beverly J
Affidavit Of Death
related
—
Feb 7, 2011
—
LP Maretti-blosser II
La Prima Famiglia LLC
Grant Deed
—
Mar 22, 2010
—
John A Roffoni
Roffoni-blossor LP
Quit Claim Deed
—
Jul 2, 2007
—
Graciosa LLC
Minetti Family
Grant Deed
—
Aug 16, 2004
—
Smith,tr
Smtih,beverly J
Quit Claim Deed
related
—
Nov 9, 1998
—
John Roffoni
Smith,beverly
Grant Deed
related
—
Oct 31, 1997
—
Roffoni-blosser LP
Roffoni,john A
Quit Claim Deed
related
—
Aug 11, 1997
—
Dierdre I Roffoni
Roffoni,john A
Quit Claim Deed
related
—
Mar 6, 1997
—
Maretti-blosser Family LP
Maretti,wilma R
Quit Claim Deed
related
—
Jan 15, 1997
$8,000
Ruthane Gamble
Maretti,wilma R
Grant Deed
related
—
Feb 6, 1995
—
Minetti Family LP
Minetti,clarence & Rosalie
Quit Claim Deed
related
—
Nov 4, 1994
$2,000,000
Roffoni,john A
Carse,olympia E
Trustees Deed
$750,000 · Seller
Nov 4, 1994
—
Charles T Minetti
Minetti,sheryll A
Quit Claim Deed
related
—
Jan 2, 1991
$277,000
Ralph Maretti
Maretti,adelina
Grant Deed
related
—
Dec 14, 1990
$277,000
Rosalie Minetti
Maretti,andelina
Grant Deed
—
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.
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