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    Property profile & analytics

    425 1st St Solvang, CA 93463

    • Investment properties
    • 0.49 lot acres
    OFF-MARKET
    Value Estimation
    $1,975,000
    Last Sale
    May 21, 2020
    $1,675,000
    Location Intelligence
    Property ID
    US09-1769304
    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

    • Investment properties

    Property Details for 425 1st St

    Lot size
    0.49 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    139-192-024
    APU
    139192024

    Description

    This exceptional 22,899 square foot commercial property, situated on a 0.49-acre lot at 425 1st Street in the charming town of Solvang, California, presents a unique investment opportunity. Currently 100% vacant, the property offers a flexible layout suitable for a variety of uses, including office space above retail, and previously held plans for hospitality conversion. The existing structure provides a solid foundation for a new owner to realize their vision. The property is being offered below replacement cost, representing a significant value proposition for discerning investors. The "as-is" condition allows for maximum flexibility in redevelopment and customization. Located in the highly desirable Solvang area, this property benefits from excellent visibility and accessibility, making it an ideal location for a variety of businesses. The seller has already completed preliminary plans for a hospitality conversion, providing a potential blueprint for future development. This is a rare chance to acquire a substantial commercial property in a prime location, ready for immediate redevelopment or renovation to suit your specific needs. Don't miss this opportunity to capitalize on the potential of this exceptional property in the heart of Solvang. The property is sold as-is.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,130,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,620,000
      6.5%
      $1,535,000
      7%
      $1,685,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,540,000
      Geo Method
      $1,805,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,945,000
      Retail
      $2,000,000
      Mixed-Use
      $1,555,000
      Hospitality
      $1,620,000
      Educational
      $1,865,000
      Residential Income
      $2,020,000
      Energy
      $1,710,000
      Income-Based Land
      $2,065,000
      Food Service
      $1,955,000

    Location Insight

    • Map
    • Local Demand
    City
    Solvang
    County
    Santa Barbara
    State
    California
    Longitude
    -120.14
    Latitude
    34.5944
    CBSA code
    42200
    CBSA name
    SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,445
    $804,150
    $991,785
    $1,795,935
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.24 Acres

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      View Details
    • Value Estimation by Request
      0.23 Acres

      1661 Msn Dr

      STORE/OFFICE (MIXED USE) • 0.23 Acres
      1661 Msn Dr, Solvang, CA 93463-2632
      View Details
    • Value Estimation
      $1,520,000
      678 SF

      453 Atterdag Rd

      STORE/OFFICE (MIXED USE) • 678 SF
      453 Atterdag Rd, Solvang, CA 93463-3748
      View Details
    • Value Estimation by Request
      0.06 Acres

      1692 Copenhagen Dr

      STORE/OFFICE (MIXED USE) • 0.06 Acres
      1692 Copenhagen Dr, Solvang, CA 93463-2759
      View Details
    • Value Estimation
      $350,000
      0.18 Acres

      490 1st St

      STORE/OFFICE (MIXED USE) • 0.18 Acres
      490 1st St, Solvang, CA 93463-3724
      View Details
    • Value Estimation by Request
      1,368 SF

      455 5th St

      STORE/OFFICE (MIXED USE) • 1,368 SF
      455 5th St, Solvang, CA 93463-2709
      View Details

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    425 1st St
    Solvang, CA 93463
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    Realmo Value Estimation

    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.

    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.

    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
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