Buellton Landmark Building
For Sale
Contact for pricing
545 Ave of Flags, Buellton, CA 93427
9,136 SF commercial space on .46 acre lot.
Property Size9,136 SF
Lot Size0.46 Acres
Price / SF$290.06
Days on Market1131
Property Features for 545 Ave of Flags
General Information
Standard status
Active
Size
9,136 SF
Lot size
0.46 Acres
Property subtype
Retail
Zoning
CR
Listing Agency:
Hayes Commercial Group
Listed By:
Dylan Ward · License #CA 01472452
(805) 898-4392
Source:
Crexi
Added: Sep 11, 2023
Changed: Sep 29
Last Checked: Oct 14 at 10:02PM
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 9,136 square foot building, formerly known as Monighetti's Feedstore, presents an opportunity for an owner-user or adaptive re-use. It is located on Buellton’s Avenue of the Flags, in the heart of the Santa Ynez Valley. The property includes approximately 8,663 square feet of commercial space and a 500 square foot one-bedroom apartment. It is situated on a 0.46 acre lot zoned CR (General Commercial), with ample parking and outdoor space. The property is suitable for a winery or brewery owner-user. The current leases are shorter-term, providing an opportunity for a creative developer within the rapidly growing City of Buellton. Vacant parcels on either side of the subject property are also potentially available for sale. Note: Parcel lines depicted are subject to lot line adjustment.
Key Highlights
- Landmark 9,136 sf building suitable for winery, brewery, or adaptive re‑use in the heart of Santa Ynez Valley
- Located on Buellton’s Avenue of the Flags
- .46 acre CR (General Commercial) zoned lot with ample parking and outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,973
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,839,460
$2.8M
Cap Rate 7%
$2,028,186
$2.0M
Cap Rate 9%
$1,577,478
$1.6M
Market Conditions
NOI Build-Up for 9,136 SF
Gross rent
$219.3K $24.00/SF
− Vacancy
−$16.4K −$1.80/SF
EGI
$202.8K $22.20/SF
− OpEx
−$60.8K −$6.66/SF
NOI
$142.0K $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%
$2,839,460
Cap Rate 7%
$2,028,186
Cap Rate 9%
$1,577,478
Alternative Uses
Best Use
Retail
$2.03M
$1.77M – $2.37M
NOI $141,973 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 9,136 SF commercial space on .46 acre lot.
Where is this retail space located?
The property is located at 545 Ave of 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 suitable for winery, brewery, or adaptive re‑use in the heart of Santa Ynez Valley; Located on Buellton’s Avenue of the Flags; .46 acre CR (General Commercial) zoned lot with ample parking and outdoor space
