Multi-Tenant Mixed-Use
591 Alamo Pintado Road, Solvang, CA 93463
For Sale
Contact for pricing
Current leases include scheduled annual rent increases of 2.00%.
Property Size6,637 SF
Lot Size0.72 Acres
Price / SF$542.41
Days on Market32
Property Features for 591 Alamo Pintado Road
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Gross Income
Tenant in Place
Building Details
Tenancy
Listing Agency:
SURMOUNT
Listed By:
Jake Hartbarger · License CA #02203197
(419) 787-6970
Source:
Crexi
Added: Oct 14
Changed: Nov 10
Last Checked: Nov 12 at 7:12AM
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 SURMOUNT
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Investment Insights
Based on property information with market context.
The mixed-use property contains approximately 6,637 rentable square feet across a 0.72-acre parcel. It is configured for multiple tenants, with annual rent increases of 2.00% scheduled under the current leases.
Key Highlights
- Approximately 6,637 rentable square feet of building area
- 0.72‑acre parcel
- Multi‑tenant configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,139
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,062,780
$2.1M
Cap Rate 7%
$1,473,414
$1.5M
Cap Rate 9%
$1,145,989
$1.1M
Market Conditions
NOI Build-Up for 6,637 SF
Gross rent
$159.3K $24.00/SF
− Vacancy
−$11.9K −$1.80/SF
EGI
$147.3K $22.20/SF
− OpEx
−$44.2K −$6.66/SF
NOI
$103.1K $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%
$2,062,780
Cap Rate 7%
$1,473,414
Cap Rate 9%
$1,145,989
Alternative Uses
Best Use
Retail
$1.47M
$1.29M – $1.72M
NOI $103,139 @ 7.0% cap · market cap 2.86%
Second Best
Mixed Use
$670.9K
$587.1K – $782.7K
NOI $46,964 @ 7.0% cap · market cap 1.30%
Theoretical Best
Multifamily LT 5
$2.08M
$1.82M – $2.43M
NOI $145,816 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 62%
Shops & Services 38%
Svendsgaard's Danish Lodge Americas Best Value Inn
Hotels & Casinos
8,976 visits/mo
0.4 miles
U.S. Bank
Shops & Services
2,855 visits/mo
0.1 miles
The UPS Store
Shops & Services
2,711 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Santa Barbara County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Current leases include scheduled annual rent increases of 2.00%.
Where is this mixed-use property located?
The property is located at 591 Alamo Pintado Road Solvang, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Approximately 6,637 rentable square feet of building area; 0.72‑acre parcel; Multi‑tenant configuration
