This exceptional three-story medical office building, located at 1919 State Street in Santa Barbara, California (93101), offers two available suites for lease on the second floor. Each suite provides flexible space options, ranging from a minimum of 1,021 square feet to a maximum contiguous area of 2,867 square feet, perfect for a variety of medical practices. The building features convenient amenities including two parking spaces and elevator access. Its strategic location in midtown Santa Barbara places it advantageously between the vibrant shopping districts of Upper State Street and the city's downtown core, ensuring high visibility and accessibility. The property enjoys excellent proximity to major thoroughfares, with the highly trafficked intersection of State and Mission streets (9,289 cars per day) nearby. Furthermore, its location offers easy access to essential services and amenities, including the Santa Barbara Mission, Cottage Hospital, and Highway 101, all within less than a mile. The property's APN is 025-371-009 and is conveniently situated near Pedregosa Street. This presents a unique opportunity to establish or expand a medical practice in a highly desirable and well-connected area of Santa Barbara. The building's multiple tenancy structure allows for a diverse range of potential occupants.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$6,886,544
6.5%
$6,356,810
7%
$5,902,752
Comparable approach
Method
Valuation
Relative Method
$4,390,034
Geo Method
$4,390,034
Alternative Use
Use
Valuation
Residential
$7,882,444
Hospitality
$7,220,276
Educational
$6,007,186
Medical
$6,213,782
Retail
$9,344,511
Location Insight
City
Santa Barbara
County
Santa Barbara
State
California
Latitude
34.4301
Longitude
-119.714
CBSA code
42200
CBSA name
SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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