Winery and Brewery
For Sale
Contact for pricing
545 Avenue Of The Flags, Buellton, CA 93427
Commercial space totals 8,663 SF plus a 1-bedroom apartment, with ample parking and outdoor space.
Property Size9,136 SF
Price / SF$290.06
Days on Market1083
Property Features for 545 Avenue Of The Flags
General Information
Standard status
Active
Size
9,136 SF
Property subtype
INDUSTRIAL
Additional Details
Multifamily Units
1
Listing Agency:
Hayes Commercial Group
(805) 898-4392
Listed By:
Dylan Ward · License #01472452
(805) 898-4392
Source:
Moodyscre
Added: Sep 13, 2023
Changed: Aug 25
Last Checked: Aug 29 at 11:17AM
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 property offers an owner-user winery/brewery setup with 8,663 square feet of commercial space, along with a separate 1-bedroom apartment of 1,500 square feet. It also includes ample parking and outdoor space for day-to-day operations or adaptive re-use.
The offering is positioned as an adaptive re-use opportunity as well as a winery/brewery investment for a user seeking an existing operating layout.
The package combines the commercial improvements and the on-site residence within a single property, supporting a range of uses that can accommodate both business and living needs.
The offering is positioned as an adaptive re-use opportunity as well as a winery/brewery investment for a user seeking an existing operating layout.
The package combines the commercial improvements and the on-site residence within a single property, supporting a range of uses that can accommodate both business and living needs.
Key Highlights
- 8,663 SF commercial space plus a separate 1,500 SF 1‑bedroom apartment
- Ideal for owner‑user or adaptive re‑use, with commercial and residential space under one property
- Includes ample parking and outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$180,754
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,615,080
$3.6M
Cap Rate 7%
$2,582,200
$2.6M
Cap Rate 9%
$2,008,378
$2.0M
Market Conditions
NOI Build-Up for 9,136 SF
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.
Gross rent
$339.9K $37.20/SF
− Vacancy
−$11.2K −$1.23/SF
EGI
$328.6K $35.97/SF
− OpEx
−$147.9K −$16.19/SF
NOI
$180.8K $19.78/SF
Area
Santa Barbara County, CA
Vacancy
3.30%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,615,080
Cap Rate 7%
$2,582,200
Cap Rate 9%
$2,008,378
Alternative Uses
Best Use
Apartment 5plus
$2.58M
$2.26M – $3.01M
NOI $180,754 @ 7.0% cap · market cap 6.82%
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
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Brewery - Commercial space totals 8,663 SF plus a 1-bedroom apartment, with ample parking and outdoor space.
Where is this brewery 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: 8,663 SF commercial space plus a separate 1,500 SF 1‑bedroom apartment; Ideal for owner‑user or adaptive re‑use, with commercial and residential space under one property; Includes ample parking and outdoor space
