Buellton Landmark Building
For Sale
$2,650,000
545 Avenue Of The Flags, Buellton, CA 93427
Winery/brewery or adaptive reuse opportunity in Santa Ynez Valley.
Property Size9,136 SF
Lot Size0.46 Acres
Price / SF$290.06
Days on Market1144
Property Features for 545 Avenue Of The Flags
General Information
Standard status
Active
Size
9,136 SF
Lot size
0.46 Acres
Listing Agency:
Hayes Commercial Group
(805) 563-2111
Listed By:
Dylan Ward · License #01472452
(805) 898-4392
Source:
Exprealty
Added: Sep 11, 2023
Changed: Oct 26
Last Checked: Oct 26 at 9:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hayes Commercial Group
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Investment Insights
Based on property information with market context.
This landmark building, formerly 'Monighetti's Feedstore', offers an incredible opportunity for a winery, brewery owner-user, or adaptive re-use. Located on Buellton's Avenue of the Flags, in the heart of the Santa Ynez Valley, the 9,136 square foot building includes approximately 8,663 square feet of commercial space and a 500 square foot one-bedroom apartment. Situated on a 0.46 acre CR (General Commercial) zoned lot, the property features ample parking and outdoor space. The property is located in the rapidly growing City of Buellton. All leases are shorter-term, providing a great opportunity for an owner-user or creative developer. Vacant parcels on either side of the subject property are also potentially available for sale.
Key Highlights
- Landmark 9,136 sf building in the heart of Santa Ynez Valley on Buellton's Avenue of the Flags.
- Suitable for winery, brewery, owner‑user, or adaptive re‑use.
- .46 acre CR (General Commercial) zoned lot with ample parking and outdoor space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,973
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,839,460
$2.8M
Cap Rate 7%
$2,028,186
$2.0M
Cap Rate 9%
$1,577,478
$1.6M
Market Conditions
NOI Build-Up for 9,136 SF
Gross rent
$219.3K $24.00/SF
− Vacancy
−$16.4K −$1.80/SF
EGI
$202.8K $22.20/SF
− OpEx
−$60.8K −$6.66/SF
NOI
$142.0K $15.54/SF
Area
Santa Barbara County, CA
Vacancy
7.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,839,460
Cap Rate 7%
$2,028,186
Cap Rate 9%
$1,577,478
Alternative Uses
Best Use
Retail
$2.03M
$1.77M – $2.37M
NOI $141,973 @ 7.0% cap · market cap 5.36%
Second Best
Industrial
$799.3K
$699.4K – $932.5K
NOI $55,949 @ 7.0% cap · market cap 2.11%
Theoretical Best
Multifamily LT 5
$2.87M
$2.51M – $3.35M
NOI $200,719 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
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Business Placement
Demographics for 93427, CA
5,864
Population
2,712
Households
2.2
Avg Household Size
43
Median Age
42%
College-Educated
94%
High-School Grad
69.5 sq mi
ZIP Area
84
Density / Sq Mi
$106,442
Median Household Income
$58,298
Median Earnings
$2,088
Median Rent
$762,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Hotel - Winery/brewery or adaptive reuse opportunity in Santa Ynez Valley.
Where is this hotel located?
The property is located at 545 Avenue Of The Flags Buellton, CA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Landmark 9,136 sf building in the heart of Santa Ynez Valley on Buellton's Avenue of the Flags.; Suitable for winery, brewery, owner‑user, or adaptive re‑use.; .46 acre CR (General Commercial) zoned lot with ample parking and outdoor space.
