Property profile

485 Rd Unit 232 Solvang, CA 93463

OFF-MARKET
Office Spaces
24,174 SF 0.54 ac lot Built 1961
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Property summary

AI-generated overview

This exceptional 24,174 square foot office space is situated in the desirable Frederik's Court in downtown Solvang, California. Located on the second floor, this bright and open suite boasts abundant natural light from numerous windows, complemented by fresh paint and new flooring. The versatile layout offers significant flexibility for various business configurations. A unique feature is a side door leading to a private balcony, providing an ideal vantage point for viewing downtown parades and events. The corner location offers stunning views of the beautifully landscaped courtyard and outdoor dining areas below. Convenient elevator service is available. The property sits on a 0.54-acre lot. Solvang, founded in 1911 by Danish immigrants, is a thriving tourist destination known for its charming architecture, unique shops, and rich cultural heritage. The town attracts over one million visitors annually, creating a robust retail market with approximately 2.5 million visitors per year. This presents a significant opportunity for businesses seeking exposure to a large and diverse customer base. Amenities in the immediate vicinity include three museums, fifteen inns and hotels, a guest ranch, meeting facilities, over thirty restaurants and bakeries, and more than 150 retail shops, along with the Solvang Theaterfest, a 700-seat outdoor theatre. This property offers a rare combination of size, location, and aesthetic appeal within a highly sought-after tourist destination. The asking price is $2,065,000.

Property profile

Verified
Property type Office Spaces
Year built 1961
Total area 24,174 SF
Lot 0.54 ac (23,522 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

485 Rd Unit 232 Solvang, CA 93463
Solvang metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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