Building Details

Year Built 2022

Listing Agency: LIV Sotheby's International Realty l***@gpproperty.net Show Phone

Listed By: David Smolen Show Phone

Source: Exprealty

Added: Apr 22, 2025 Changed: Oct 3 Last Checked: Oct 12 at 9:06PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LIV Sotheby's International Realty

Investment Insights

Based on property information with market context.

This 1,585-square-foot retail condo occupies a corner position within the Villa San Clemente Condo Complex, a mixed-use development completed in 2022. The interior features high ceilings, tall windows, abundant natural light, and an existing HVAC system that can support a streamlined build-out. The property is suited to retail, wellness, professional services, and creative office uses as stated in the property information.

The ground level contains three commercial condos, with ten two-story residential condos above. The unit is next to A Secret Place Beauty Salon, while a Boba Tea Cafe and Yoga Studio are identified as coming soon at the opposite end of the complex. The corner placement and window exposure provide prominent visibility from the surrounding streets.

Key Highlights

• 1,585 SF corner retail condo in the Villa San Clemente Condo Complex
• Completed in 2022
• High ceilings and tall windows provide abundant natural light

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$55,759

Cap Rate

7.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,115,180 $1.1M

Cap Rate 7%

$796,557 $796.6K

Cap Rate 9%

$619,544 $619.5K

Market Conditions

NOI Build-Up for 1,585 SF

Gross rent

$88.8K $56.04/SF

− Vacancy

−$14.5K −$9.13/SF

EGI

$74.3K $46.91/SF

− OpEx

−$18.6K −$11.73/SF

NOI

$55.8K $35.18/SF

Area

Santa Clara County, CA

Vacancy

16.30%

Lease Rate

$56.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,115,180

Cap Rate 7%

$796,557

Cap Rate 9%

$619,544

Alternative Uses

Best Use

Office B

$796.6K

$697.0K – $929.3K (±1% cap)

NOI $55,759 @ 7.0% cap · market cap 7.43%

Second Best

Retail

$611.6K

$535.2K – $713.6K (±1% cap)

NOI $42,813 @ 7.0% cap · market cap 5.71%

Theoretical Best

Office A

$956.9K

$837.3K – $1.12M (±1% cap)

NOI $66,982 @ 7.0% cap · market cap 8.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Food Market Barber Shop Grocery & Convenience Store Auto Parts Store (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,272

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Built in 2022 with installed HVAC and expansive street-facing windows.

Where is this retail space located?

The property is located at 101-2176 E Main St Ventura, CA.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 1,585 SF corner retail condo in the Villa San Clemente Condo Complex; Completed in 2022; High ceilings and tall windows provide abundant natural light