Buellton Landmark Building
545 Avenue Of The Flags Buellton, CA 93427
For Sale
$2,650,000
Winery/brewery or adaptive reuse opportunity in Santa Ynez Valley.
Property Size9,136 SF
Lot Size0.46 Acres
Price / SF$290.06
Days on Market745
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) 898-4392
Listed By:
Dylan Ward · License #01472452
(805) 898-4392
Source:
Exprealty
Added: Jul 15, 2024
Changed: Jul 6
Last Checked: Jul 26 at 9:32PM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $219.3k | $24.00 |
| − Vacancy | −$16.4k | −$1.80 |
| EGI | $202.8k | $22.20 |
| − OpEx | −$60.8k | −$6.66 |
| NOI | $142.0k | $15.54 |
9,136 SF · lease $24.00/SF/yr · vacancy 7.50% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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.
