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Property profile & analytics
OFF-MARKET Estimated value $2,475,000
Investment properties

240 Hwy 246 Buellton, CA 93427-9645

25,556 SF 1.87 ac lot
Individually Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US09-0236996
Property summary
AI-generated overview

This 938-square-foot office suite is located in the thriving River Oak Plaza in Buellton, California. Situated on a prominent corner lot at 240 E Hwy 246, this single-tenant space boasts exceptional visibility and accessibility. The open floor plan is bright and airy, featuring numerous windows that provide ample natural light. This makes it an ideal location for a variety of businesses seeking a pleasant and attractive workspace. The property is conveniently located just one block from Highway 101, providing easy access to Santa Barbara, Santa Maria, the Santa Ynez Valley, and Lompoc. River Oak Plaza is a well-established commercial center, home to a diverse mix of businesses including Neary Chiropractic, Olive Grove Charter School, Farmers Insurance, and Zaca Coffee. Its strategic location on a busy thoroughfare, coupled with its proximity to major retailers like Albertsons and CVS, ensures high foot traffic and excellent brand exposure. This suite is perfect for businesses seeking a high-visibility location in a growing community. The property is classified as both Creative and Traditional Office space and is located in Santa Barbara County, zip code 93427.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Total area 25,556 SF
Lot 1.87 ac (81,457 SF)
APN 137-200-081
UPID US09-0236996
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
  • Farmers Insurance - Cheryl Mehm Insurance Agency
  • Neary Chiropractic Alternative Medicine Practice
  • Mehm Insurance Agency Insurance Agency
  • Hunnyfly Studios Buellton Gym & Fitness Center
  • Santa Barbara Healthcare Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.27M
CAP Approach CAP
$2.78M
Comparable Approach Comparable
$2.81M
Blend (final) Blend
$2.48M
Owner & transaction history
Jeffrey S Williams · 4 yrs held
Jeffrey S Williams
since 2021
Last sale
$2.4M
7 recorded transactions
2021
Price N/A
2018
Price N/A
2017
Price N/A
2016
Price N/A
2016
$2.4M
2003
Price N/A
1998
$2.4M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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