900 Airport RdSanta Ynez, CA 93460

Property Details for 900 Airport Rd

Lot size

123.97 AC

Property type

Warehouses

APN

141-440-002

APU

141440002

Description

This exceptional 7,182 square foot hangar at the Santa Ynez Airport in Santa Barbara County, California, presents a rare investment opportunity. Built in 1986, this two-story structure boasts a 24-foot ceiling height and is zoned AG-5. The hangar features approximately 5,679 square feet of open hangar floor space, complemented by an additional 2,144 square feet dedicated to offices, a conference room, and storage. A significant advantage is the inclusion of a substantial 1,440 square foot outdoor tie-down area. The property is located at 900 Airport Rd, Santa Ynez, CA 93460 (APN: 141-440-002) and is being offered at $2,700,000. The hangar will be delivered vacant upon closing, allowing for immediate occupancy and utilization. This is a unique opportunity to acquire a large, well-appointed hangar in a highly desirable location within California's wine country, known for its vibrant aviation community and high demand for hangar space. The property's size and amenities make it ideal for a variety of aviation-related uses. Don't miss this chance to own a piece of this prestigious airfield.

• CAP approach

  CAP return

  Valuation

  6%

  $3,562,970,000

  6.5%

  $3,288,900,000

  7%

  $3,053,970,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,643,020,000

  Geo Method

  $1,643,020,000

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,691,290,000

  Mixed-Use / Specialty

  $1,689,010,000

  Hospitality / Lodging

  $1,244,050,000

  Office

  $1,682,880,000

  Institutional / Educational

  $1,757,230,000

  Residential Income

  $2,055,950,000

  Multifamily

  $2,445,020,000

  Automotive / Energy

  $1,506,190,000

  Parking / Income-Based Land

  $516,065,000

  Restaurant / Food Service

  $886,466,000

  Healthcare / Senior Housing

  $1,728,200,000

Location Insight

City

Santa Ynez

County

Santa Barbara

State

California

Latitude

34.6071

Longitude

-120.075

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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