Renovated Office Building with
For Sale
$5,300,000
2029 Village Lane, Solvang, CA 93463
SINGLE_FAMILY - Solvang, CA
Property Size18,394 SF
Lot Size1.02 Acres
Price / SF$288.14
Days on Market94
Property Features for 2029 Village Lane
General Information
Property type
Residential
Property subtype
Office
Subdivision
1 - Not Applicable
Standard status
Active
APN
139-310-053
Size
18,394 SF
Lot size
1.02 Acres
Building Details
Year built
1975
Listing Agency:
Town & Country R.E. & Dev.
(805) 937-8479
Listed By:
Jeremy Kemlo · License #01952824
(805) 878-2388
Added: May 1
Changed: Jul 2
Last Checked: Aug 2 at 7:06PM
MLS# 25000886
Copyright © 2026 North Santa Barbara County Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated professional office building offers a fresh, customer-friendly arrival with an updated entrance and a spacious, plant-filled central atrium featuring a koi pond. Common-area amenities include a shared kitchenette, and the building is configured to support multiple office suite options. Suite sizes range from approximately 400 to 2,000 square feet, providing flexibility for a variety of tenant needs while maintaining a cohesive property layout. Off-street parking is included for employees and visitors.
The property is located at 2029 Village Lane in Solvang, positioned between Nielsen’s shopping center and SYV Cottage Hospital. That nearby mix supports consistent daily activity from both commercial and healthcare-related users, with the building’s frontage and access designed for office tenants and their clients.
For buyers or brokers evaluating an office investment or owner-user opportunity, the suite mix and on-site common amenities can support different occupancy strategies. Tenants looking for smaller to mid-size offices may fit well within the available 400-square-foot range, while larger teams can consider suites up to roughly 2,000 square feet. With off-street parking and common kitchenette access, the building supports practical day-to-day operations for office users.
The property is located at 2029 Village Lane in Solvang, positioned between Nielsen’s shopping center and SYV Cottage Hospital. That nearby mix supports consistent daily activity from both commercial and healthcare-related users, with the building’s frontage and access designed for office tenants and their clients.
For buyers or brokers evaluating an office investment or owner-user opportunity, the suite mix and on-site common amenities can support different occupancy strategies. Tenants looking for smaller to mid-size offices may fit well within the available 400-square-foot range, while larger teams can consider suites up to roughly 2,000 square feet. With off-street parking and common kitchenette access, the building supports practical day-to-day operations for office users.
Key Highlights
- 1975‑built professional office building with renovated entrance and a central atrium with koi pond
- Multiple office suite configurations with suite sizes approximately 400 to 2,000 SF
- Common kitchenette and spacious plant‑filled central atrium
Financial Insights For Office B
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 | $485.6k | $26.40 |
| − Vacancy | −$48.1k | −$2.61 |
| EGI | $437.5k | $23.79 |
| − OpEx | −$109.4k | −$5.95 |
| NOI | $328.1k | $17.84 |
18,394 SF · lease $26.40/SF/yr · vacancy 9.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.69M
$4.10M – $5.47M
NOI $328,145 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$5.77M
$5.05M – $6.74M
NOI $404,118 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Explore this area
Business Placement
Demographics for 93463, CA
8,731
Population
3,672
Households
2.4
Avg Household Size
52
Median Age
44%
College-Educated
94%
High-School Grad
33.9 sq mi
ZIP Area
258
Density / Sq Mi
$130,123
Median Household Income
$53,188
Median Earnings
$1,895
Median Rent
$1,044,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated office suites offer flexible configurations, a central atrium with koi pond, and off-street parking on-site.
Where is this office building located?
The property is located at 2029 Village Lane Solvang, CA.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 1975‑built professional office building with renovated entrance and a central atrium with koi pond; Multiple office suite configurations with suite sizes approximately 400 to 2,000 SF; Common kitchenette and spacious plant‑filled central atrium
