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    Property profile & analytics

    485 Alisal Rd Solvang, CA 93463-3700

    • Retail space
    • 0.54 lot acres
    OFF-MARKET
    Value Estimations
    $400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0661190
    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

    • Section Wines Tasting Room / Wine Club
    • Toscana Italian Restaurant / Italian Restaurant / Pizza Restaurant
    • Toscana Pizzeria Tapas Enoteca / Italian Restaurant / Pizza Restaurant
    • LeMay Personal Training / Personal Trainer
    • Solvang Chamber of Commerce / Chamber Of Commerce

    Property Details for 485 Alisal Rd

    Lot size
    0.54 lot acres
    Property type
    Retail space
    APN
    139-182-027
    APU
    139182027

    Description

    Frederik's Court, located at 485 Alisal Road in Solvang, California (zip code 93463), offers exceptional retail and office space for lease. This two-story building, constructed in 1961 and renovated in 2007, boasts a total of 24,174 square feet. The property features multiple tenancies, with four available retail spaces ranging from 884 to 2,390 square feet. The building is conveniently situated on a busy corner, at the intersection of Alisal Road and Mission Drive, in the heart of Solvang's Danish-themed downtown area. Benefit from high visibility and significant foot traffic, complemented by the high volume of vehicular traffic on Mission Drive (19,000 cars daily). The property is zoned TRC and has an APN of 139-182-024 & 027 within Santa Barbara County. Amenities include elevators and beautifully landscaped grounds, creating a pleasant atmosphere for tenants and visitors. Lease rates are competitive. The building's traditional office subtype provides a classic and functional workspace. Inquire for detailed lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Solvang
    County
    Santa Barbara
    State
    California
    Longitude
    -120.138
    Latitude
    34.5957
    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
    $36,188
    $1,046,801
    $2,315,481
    $3,362,282
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $380,000
      0.12 Acres

      475 Alisal Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.12 Acres
      475 Alisal Rd, Solvang, CA 93463
      View Details
    • Value Estimation
      $290,000
      0.00 Acres

      1576 Msn Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.00 Acres
      1576 Msn Dr, Solvang, CA 93463-3601
      View Details
    • Value Estimation by Request

      1576 Msn Dr

      RETAIL STORES (PERSONAL SERVICES)
      1576 Msn Dr, Solvang, CA 93463-3601
      View Details
    • Value Estimation
      $365,000
      0.14 Acres

      1651 Copenhagen Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.14 Acres
      1651 Copenhagen Dr, Solvang, CA 93463-3742
      View Details
    • Value Estimation
      $290,000
      1,276 SF

      329 Alisal Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,276 SF
      329 Alisal Rd, Solvang, CA 93463-2701
      View Details
    • Value Estimation
      $290,000
      0.17 Acres

      1557 Msn Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.17 Acres
      1557 Msn Dr, Solvang, CA 93463-2607
      View Details

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      Vacant Land in Solvang

      Vacant +/-9147 sq ft parcel in Solvang, California.
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    • Contact for pricing
      0.54 Acres

      Solvang Office Space: Prime Location

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      Solvang Hotel: Prime Investment

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    Similar Nearby for Lease

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      Retail Space Available For Rent

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      Retail Space Available For Rent

      Retail space available for lease in Solvang, California.
      1693 Mission Dr, Solvang, CA 93463
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    • Contact for pricing

      Leased Retail Property in Solvang

      100% leased retail property located in Solvang, California.
      280 Alisal Rd, Solvang, CA 93463
      View Details
    • $3,500 /Mo
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      Refurbished Office Space with Views

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    485 Alisal Rd
    Solvang, CA 93463-3700
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    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
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