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485 Alisal Rd Solvang, CA 93463

Retail space Google Maps
0.54 ac lot
Entity Owned 9-yr Hold ~ Est. High Equity
Estimated value (blended)
$400k
Range $360k – $440k (±10%)
Property ID US09-0661190

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

Current use

Occupant on record · Public records
  • Bar & Pub
  • Restaurant
  • Restaurant
  • Gym & Fitness Center
  • Business Service Center Advocacy Group

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2016
7 recorded transactions
2016
$3.9M
2013
$3.4M
2007
Price N/A
2006
Price N/A
2001
Price N/A
2000
Price N/A
1999
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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