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Property profile & analytics
FOR SALE
Retail space
485 Alisal Rd, Solvang, CA 93463
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-0661190
For Sale
1 / 29
$10,100,000
485 Alisal Rd, Solvang, CA 93463
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
0.54 ac (23,522 SF)
APN
139-182-027
UPID
US09-0661190
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
-
Section Wines Tasting Room Bar & Pub
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Toscana Italian Restaurant Restaurant
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Toscana Pizzeria Tapas Enoteca Restaurant
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LeMay Personal Training Gym & Fitness Center
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Solvang Chamber of Commerce Business Service Center Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Harmony Real Estate II LLC · 9 yrs held
Harmony Real Estate II LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Solvang submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Solvang 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$36,188
Tax year 2024
Assessed value
$3,362,282
Assessed 2024
Previous assessed
$3,362,282
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,046,801
Assessed improvement
$2,315,481
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Heating
NONE
Lot
0.54 ac (23,522 SF)
APN
139-182-027
UPID
US09-0661190
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
Building & site characteristics
From public records
Heating
NONE
Lot
0.54 ac
Current owner
From public records · entity-resolved
Harmony Real Estate II LLC
Entity
Mailing address
PO BOX 1800, SANTA YNEZ, CA 93460-1800
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2016
$3,875,000
Harmony Real Estate II LLC
Copper Alisal Holdings LLC
Grant Deed
—
Feb 8, 2013
$3,400,000
Copper Alisal Holdings LLC
Old Republic Default Mgmt
Trustees Deed
related
—
Oct 3, 2007
—
Frederiks Court LLC
Fredericks Court LLC
Quit Claim Deed
$5,514,000 · Cibc INC
Jul 13, 2006
—
Fredericks Court LLC
Frederiks Court Holdings LLC
Quit Claim Deed
$5,000,000 · Cibc INC
Jan 11, 2001
—
Frederiks Court Holdings LLC
Figueroa Canyon Corp
Grant Deed
related
—
Apr 5, 2000
—
Figueroa Canyon Corp
Big S INC
Grant Deed
related
—
Sep 10, 1999
—
Big S INC
Strong,robert S
Quit Claim Deed
related
—
Jul 2, 1999
—
Robert S Strong
Strong Trust
Quit Claim Deed
related
—
Jun 1, 1994
—
Strong Trust
Twenty Five West
Grant Deed
related
—
May 17, 1989
—
Five West Twenty
—
Grant Deed
related
$322,500 · Santa Barbara Bank
—
—
Copper Alisal Holdings LLC
—
Deed Of Trust
related
$341,338,000 · Wells Fargo Bk
—
—
Frederiks Court Holdings LLC
—
Deed Of Trust
related
$2,500,000 · Santa Barbara Bank & Trust
—
—
Five West Twenty
—
Deed Of Trust
related
$3,400,000 · Santa Barbara Trust
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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