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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Investment properties
1608 Copenhagen Dr Solvang, CA 93463-2752
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0733202
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Lot
0.23 ac (10,018 SF)
APN
139-191-002
UPID
US09-0733202
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pebble People Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Pavlov Art Gallery Art Gallery
-
Skinderella Soaps & Essentials Shopping Center & Mall
-
stix and stones Art Gallery Tourist Attraction
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.31M
Owner & transaction history
Bear Lion LLC · 4 yrs held
Bear Lion LLC
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Solvang submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Solvang submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,185,000
ML approach
$2,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.31M
Range $2.08M – $2.54M · ±10% · vs last sale $2.40M (Aug 25 2021)
Last sale anchor
$2.40M
Aug 25 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$26,711
Tax year 2024
Assessed value
$2,496,960
Assessed 2024
Previous assessed
$2,496,960
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$416,160
Assessed improvement
$2,080,800
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Heating
NONE
Lot
0.23 ac (10,018 SF)
APN
139-191-002
UPID
US09-0733202
Jurisdiction
SANTA BARBARA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
Bear Lion LLC
Entity
Free & Clear · 4 yrs held
Mailing address
620 MCMURRAY RD, BUELLTON, CA 93427-2511
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2021
$2,400,000
Bear Lion LLC
James B Merzon
Grant Deed
—
Oct 21, 2019
—
Gnemmi Trust
Aldo Gnemmi
Affidavit Of Death
related
—
Sep 9, 2019
—
Gnemmi Trust
Aldo Gnemmi
Quit Claim Deed
related
—
Mar 2, 2005
—
Gnemmi,aldo
Lorella Gnemmi
Quit Claim Deed
related
—
Mar 10, 2004
—
Pumpkin,tr
Merzon,james B & Dawn M
Quit Claim Deed
related
—
Nov 29, 2001
$1,300,000
James B Merzon
Strong Trust
Grant Deed
—
Jul 11, 2001
—
Strong Trust
Big S INC
Quit Claim Deed
related
—
Sep 10, 1999
—
Big S INC
Strong,robert S
Quit Claim Deed
related
—
Jul 2, 1999
—
Robert S Strong
Strong Trust
Quit Claim Deed
related
—
Apr 1, 1992
$1,127,000
Robert S Strong
Old,creamery Par
Grant Deed
—
—
—
Robert S Strong
—
Deed Of Trust
related
$400,000 · Individual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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