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    1440 Mission Dr Solvang, CA 93463

    Sponsored
    For Sale
    $10,000,000

    Charming 39-room boutique hotel in Solvang, CA.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 39-key European-style boutique hotel, located at 1440 Mission Dr, Solvang, CA 93463, presents a compelling investment opportunity. Built in 1968 and extensively renovated in 2023, the property boasts a desirable location in the heart of Santa Barbara County's vibrant Santa Ynez Valley. The hotel sits on a 0.79-acre lot and features a two-story building. Currently operating at 60% occupancy, the hotel generates a strong Net Operating Income (NOI) of $836,140, representing a pro-forma capitalization rate of 7.96%. The asking price is $10,000,000, translating to a price per key of $269,231. Amenities include an outdoor heated pool and jacuzzi, enhancing the guest experience. This property is ideally positioned to capitalize on the thriving tourism in Solvang, offering a unique blend of European charm and Californian allure. The recent renovations ensure the hotel is well-maintained and ready to continue generating strong returns. This is a rare opportunity to acquire a profitable and well-located hotel in a sought-after destination. The property's strong financial performance and attractive amenities make it an ideal investment for discerning buyers seeking a foothold in the hospitality sector. The hotel's prime location and recent upgrades position it for continued success and growth within the thriving tourist market.

    Property Features for 1440 Mission Dr

    General Information

    Property type
    Hotels
    Lot Size
    34,412 SF

    Building Details

    Year Built/Renovated
    1968/2023
    Buildings
    1
    Stories
    2

    HighLights

    • $10,000,000 Asking Price
    • 7.96% Pro‑Forma Cap Rate, $836,140 NOI, 60% Occupancy
    • 39‑Key Boutique Hotel, recently renovated in 2023
    • Located in Solvang, CA, Santa Barbara County, on a 0.79‑acre lot
    • Two‑story building, built in 1968, offering a European‑style experience with modern amenities including an outdoor heated pool and jacuzzi.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kronborg Inn Hotel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Solvang
    County
    Santa Barbara
    State
    California
    Longitude
    -120.14685
    Latitude
    34.594952

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    FAQs

    What type of property is this?
    Hotel - Charming 39-room boutique hotel in Solvang, CA.
    Where is this hotel located?
    The property is located at 1440 Mission Dr Solvang, CA.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: $10,000,000 Asking Price; 7.96% Pro-Forma Cap Rate, $836,140 NOI, 60% Occupancy; 39-Key Boutique Hotel, recently renovated in 2023
    Request Owner's contact information
    1440 Mission Dr Solvang, CA 93463
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    Solvang, CA 93463
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1440 Mission Dr Solvang, CA 93463
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