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Property profile & analytics
OFF-MARKET
Estimated value
$1,915,000
Turn key restaurants
350 Hwy 246 Buellton, CA 93427-9601
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1325754
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Total area
9,120 SF
Lot
1.94 ac (84,506 SF)
APN
137-200-070
UPID
US09-1325754
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 J Spurs Saloon & Dining Hall Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.92M
Owner & transaction history
Milt C Guggia · 4 yrs held
Milt C Guggia
since 2021
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+71.7%
Apartment house (5+ units)
$2.1M
+60.2%
Auto repair, garage
$1.8M
+41.1%
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 Buellton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buellton 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
$1,820,000
ML approach
$1,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,295,000
Current use
COMMERCIAL (GENERAL)
$2,225,000
Change: +72% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,080,000
Change: +60% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,830,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$1,805,000
Change: +39% · Conversion: Moderate
RETAIL STORES
$1,710,000
Change: +32% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,175,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.92M
Range $1.72M – $2.11M · ±10% · vs last sale $2.00M (Nov 15 2021)
Last sale anchor
$2.00M
Nov 15 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
$210 / SF
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
$28,528
Tax year 2024
Assessed value
$2,627,028
Assessed 2024
Previous assessed
$2,627,028
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,313,514
Assessed improvement
$1,313,514
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Total area
9,120 SF
Lot
1.94 ac (84,506 SF)
APN
137-200-070
UPID
US09-1325754
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
RESTAURANT Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Lot
1.94 ac
Current owner
From public records · entity-resolved
Milt C Guggia
Individual
Mailing address
PO BOX 5459, SANTA MARIA, CA 93456-5459
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2021
—
Milt C Guggia
Milt Guggia
Intrafamily Transfer
related
—
Aug 1, 2006
$2,000,000
Milt Guggia
A J Spurs Buellton
Grant Deed
$3,400,000 · Heritage Oaks Bank
May 27, 1997
—
Aj Spurs Buellton
Walsh,james J
Quit Claim Deed
related
—
Feb 21, 1990
$976,000
King,john E & Ca
Ynez Corp
Trustees Deed
$683,200 · Santa Barbara Bank
—
—
John E King
—
Deed Of Trust
related
—
—
—
John E King
—
Deed Of Trust
related
$50,000 · Santa Barbara Bank
—
—
A J Spurs Buellton
—
Deed Of Trust
related
$615,000 · Santa Barbara Bank & Trust
—
—
John G King
—
Deed Of Trust
related
$800,000 · Alan E III & Victoria A Grimley
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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