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Property profile & analytics
OFF-MARKET Estimated value $1,200,000
Retail space

321 Mcmurray Rd Buellton, CA 93427-2509

5,234 SF 0.56 ac lot
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US09-1701658
Property summary
AI-generated overview

This 5,235 square foot retail/restaurant building, located at 321 McMurray Rd, Buellton, CA 93427 (APN: 075-114-002), is available for sublease. Completely remodeled in 2017, this single-tenant property sits on a 0.56-acre lot (24,393 square feet) and boasts 40 parking spaces. Its prime location directly across from the Crossroads Shopping Center, featuring popular tenants such as Starbucks and Panda Express, ensures high visibility and traffic. The building features 200 AMP/220 power, making it suitable for a variety of uses, including restaurants, under its General Commercial (CR) zoning. Previously a Bakers Square restaurant, this space is ideal for high-volume retail or restaurant operations. The property offers excellent freeway visibility from Highway 101 and Highway 246. Lease terms are negotiable, with a preference for a 4+ year initial term with options to extend. The sublease rate is $2.25 per square foot ($11,800 per month) plus NNN, estimated at $0.35 per square foot per month. This exceptional location at the gateway to Santa Barbara County's wine country presents a unique opportunity for a thriving business. The building's one-story design and ample parking provide convenience and accessibility for customers.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 5,234 SF
Lot 0.56 ac (24,393 SF)
APN 137-180-054
UPID US09-1701658
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
  • A-OK Power Equipment (Bike/Boat/Book/etc) Store Garden Center
  • U-Haul Neighborhood Dealer Car Rental Facility
  • Windshield Repair Today of Buellton Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.20M
CAP Approach CAP
$1.25M
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$1.20M
Owner & transaction history
Hyung Kim Gi · 2 yrs held
Hyung Kim Gi
since 2024
Last sale
$1.2M
7 recorded transactions
2024
Price N/A
2023
Price N/A
2023
$1.2M
2017
Price N/A
2016
$1.1M
2015
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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