560 Blosser RdSanta Maria, CA 93454

Property Details for 560 Blosser Rd

Lot size

0.42 AC

Property type

Parking lots & garages

APN

123-090-082

APU

123090082

Description

This exceptional commercial property, located at 560 S. Blosser, Suite 520, Santa Maria, CA 93454, offers 5,737 square feet of versatile retail or office space within a thriving Walmart Neighborhood Market. The property is situated in a high-traffic area, boasting daily traffic counts exceeding 23,500 vehicles at the intersection of South Blosser Road and West Boone Street, ensuring significant visibility and accessibility for your business. The building is a two-story structure, part of a single-building complex, and zoned C2 PD Overlay within Santa Barbara County. The space is available as a single-tenant occupancy, providing flexibility and control. This presents a unique opportunity to establish a presence in a bustling commercial center anchored by a major retailer. The lease rate is $1.75 per square foot, NNN. This prime location offers unparalleled potential for growth and success. The property's strategic placement within the recently developed Walmart Neighborhood Center guarantees high foot traffic and exposure to a large customer base. Don't miss this chance to secure a prominent position in a thriving Santa Maria commercial hub.

• CAP approach

  CAP return

  Valuation

  6%

  $3,242,690

  6.5%

  $2,993,250

  7%

  $2,779,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,526,570

  Geo Method

  $3,618,140

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,142,930

  Mixed-Use / Specialty

  $2,859,010

  Hospitality / Lodging

  $1,936,680

  Office

  $2,713,320

  Institutional / Educational

  $2,928,060

  Residential Income

  $3,425,820

  Multifamily

  $4,793,800

  Automotive / Energy

  $2,509,760

  Parking / Income-Based Land

  $988,173

  Restaurant / Food Service

  $1,223,270

  Healthcare / Senior Housing

  $3,058,580

Location Insight

City

Santa Maria

County

Santa Barbara

State

California

Latitude

34.9477

Longitude

-120.453

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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