New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,635,000
Turn key restaurants
1635 Msn Dr 201 Solvang, CA 93463-3650
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0886863
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Lot
0.18 ac (7,840 SF)
APN
139-142-005
UPID
US09-0886863
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
-
Coast Range Restaurant
-
Vaquero Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.64M
Owner & transaction history
Route 246 LLC · 5 yrs held
Route 246 LLC
since 2020
Last sale
$2.3M
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
$2,925,000
ML approach
$3,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.64M
Range $2.37M – $2.90M · ±10% · vs last sale $2.30M (Oct 14 2020)
Last sale anchor
$2.30M
Oct 14 2020
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
$26,258
Tax year 2024
Assessed value
$2,451,702
Assessed 2024
Previous assessed
$2,451,702
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$477,543
Assessed improvement
$1,974,159
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Heating
NONE
Lot
0.18 ac (7,840 SF)
APN
139-142-005
UPID
US09-0886863
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
0.18 ac
Current owner
From public records · entity-resolved
Route 246 LLC
Entity
Mailing address
660 NEWPORT CTR DR STE #1220, NEWPORT BEACH, CA 92660-6492
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2020
$2,300,000
Route 246 LLC
Evergreen Dynasty Corp
Grant Deed
—
Mar 7, 2001
$275,000
Evergreen Dynasty Corp
Hanly,rosemary
Grant Deed
$200,000 · Rosemary
Sep 22, 1999
—
Rosemary Hanly
Daily Trust
Grant Deed
related
—
May 21, 1999
—
Hanly Trust
Hanly Trust
Quit Claim Deed
related
—
Jun 22, 1998
$290,000
Daily Trust
Strong Trust
Grant Deed
—
Jun 22, 1994
$290,000
Strong Trust
Dixon,h O & Patr
Grant Deed
$225,000 · Santa Barbara Bank & Trust
Jan 5, 1989
$405,000
Dixon H Oliver
Stephens,gloria
Grant Deed
$480,000 · Santa Barbara Bank
—
—
Homer O Dixon
—
Deed Of Trust
related
$250,000 · Santa Barbara Bank
—
—
Evergreen Dynasty Corp
—
Deed Of Trust
related
$650,000 · First Bank
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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