Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2220 Hill Haven Rd Solvang, CA 93463

    • Commercial real estate
    • 1.01 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5052787
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2220 Hill Haven Rd

    Lot size
    1.01 lot acres
    Property type
    Commercial real estate
    APN
    139-051-051

    Description

    This exceptional 1.01-acre parcel in Solvang, California, presents a unique opportunity to build your dream home. Located at 2220 Hill Haven Road, this nearly level lot boasts stunning views of the San Rafael, Grass, and Figueroa Mountains. The property, situated near the end of a quiet cul-de-sac, offers a peaceful setting amidst custom-built homes, yet remains conveniently close to the amenities of Solvang and Santa Ynez, including their renowned shops, restaurants, and wineries. The lot is outside city limits, adding to its tranquil ambiance. Utilities are readily accessible

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Solvang
    County
    Santa Barbara
    State
    California
    Longitude
    -120.1219764
    Latitude
    34.6022812

    Comparable in this City

    • $3,999,000
      6,911 SF

      Mixed-Use Building in Solvang, CA

      Stunning mixed-use property with penthouse, restaurant, and retail spaces.
      437 2Nd St, Solvang, CA 93463
      View Details
    • $3,499,000
      9,291 SF

      Solvang Multifamily Investment Opportunity

      Multifamily property with development potential in Solvang, California.
      1662 Eucalyptus Dr, Solvang, CA 93463
      View Details
    • $3,999,000
      6,911 SF

      Solvang Commercial Building with Penthouse

      Stunning architectural details, penthouse, restaurant, retail spaces, and rental unit.
      437 2Nd St, Solvang, CA 93463
      View Details
    • $595,000

      Vacant Land in Solvang

      Vacant +/-9147 sq ft parcel in Solvang, California.
      Old Mill Rd, Solvang, CA 93463
      View Details
    • $5,500,000
      18,394 SF

      Solvang Office Building For Sale

      Professional office building with flexible suites and convenient location.
      2029 Village Ln, Solvang, CA 93463
      View Details

    Similar Nearby for Sale

    • $3,999,000
      6,911 SF

      Solvang Commercial Building with Penthouse

      Stunning architectural details, penthouse, restaurant, retail spaces, and rental unit.
      437 2Nd St, Solvang, CA 93463
      View Details
    • $3,999,000
      6,911 SF

      Mixed-Use Building in Solvang, CA

      Stunning mixed-use property with penthouse, restaurant, and retail spaces.
      437 2Nd St, Solvang, CA 93463
      View Details
    • $3,499,000
      9,291 SF

      Solvang Multifamily Investment Opportunity

      Multifamily property with development potential in Solvang, California.
      1662 Eucalyptus Dr, Solvang, CA 93463
      View Details
    • $595,000

      Vacant Land in Solvang

      Vacant +/-9147 sq ft parcel in Solvang, California.
      Old Mill Rd, Solvang, CA 93463
      View Details
    • Contact for pricing
      24,174 SF

      Solvang Office Space: Prime Location

      Downtown Solvang office, stunning views, elevator access.
      485 Rd Unit 236, Solvang, CA 93463
      View Details
    • Contact for pricing
      0.54 Acres

      Solvang Office Space: Prime Location

      Downtown Solvang office with courtyard views.
      485 485 Rd, Solvang, CA 93463
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Leased Retail Property in Solvang

      100% leased retail property located in Solvang, California.
      280 Alisal Rd, Solvang, CA 93463
      View Details
    • Contact for pricing
      2,255 SF

      Retail Space Available For Rent

      Retail space available for lease in Solvang, California.
      1693 Mission Dr, Solvang, CA 93463
      View Details
    • Contact for pricing
      17,400 SF

      Retail Space Available For Rent

      Retail space available for rent in Solvang, California.
      608-616 Alamo Pintado Rd, Solvang, CA 93463
      View Details
    • $3,500 /Mo
      900 SF

      Refurbished Office Space with Views

      Private office suite with views, near Buellton and Solvang.
      1050 Highway 246 E, Solvang, CA 93463
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2220 Hill Haven Rd
    Solvang, CA 93463
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!