Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1170 Montebello St Santa Paula, CA 93060

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,950,000

    7.02 acres near Santa Paula Airport, entitled for development.

    Property size:
    305,791 SF
    Lot size:
    7.02 Acres

    Property Features for 1170 Montebello St

    General Information

    Size
    305,791 SF
    Lot size
    7.02 Acres

    We can help!

    Listing Contact
    Bentley Mckean
    Source: Moodyscre

    Listing Agent: Bentley Mckean

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Santa Paula Land Development Opportunity

    This 7.02-acre property presents a live-work industrial development opportunity adjacent to the Santa Paula Airport. Zoned SP-7 Airpark Specific Plan, the site is entitled for a 72,000-square-foot multi-tenant development with up to 37 units. The property offers potential for various industrial and commercial uses, capitalizing on its strategic location and approved development plans.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Paula
    County
    Ventura
    State
    California
    Longitude
    -119.0548974
    Latitude
    34.3495822

    Nearby Similar for Sale

    • New
      $749,900
      3,080 SF

      Santa Paula Retail Opportunity

      3,080 sq ft commercial building in high-traffic area.
      933 Yale St, Santa Paula, CA 93060
      View Details
    • $850,000
      Pending

      Santa Paula Multifamily Investment Opportunity

      Five-unit property in a thriving neighborhood with high rental occupancy.
      317 North Ojai St, Santa Paula, CA 93060
      View Details
    • $1,250,000

      Santa Paula Retail Opportunity

      Two commercial buildings in historic downtown Santa Paula.
      974 East Main St, Santa Paula, CA 93060
      View Details
    • $750,000

      Downtown Santa Paula Retail Opportunity

      Versatile commercial building in Santa Paula's charming downtown district.
      141 Davis St, Santa Paula, CA 93060
      View Details
    • $899,999
      Pending

      Landmark 1930 Brick Building

      Multi-story building with redevelopment potential in downtown Santa Paula.
      102 North 7Th St, Santa Paula, CA 93060
      View Details
    • $685,000
      Pending

      Residential Income Property in Santa Paula

      Residential income property featuring a house and studio apartment.
      1214 Saticoy St, Santa Paula, CA 93060
      View Details
    • $7,600,000

      Santa Paula Multi-Unit Investment Opportunity

      Multi-unit industrial investment property with shop, office, and rental home.
      905-917 Corporation St, Santa Paula, CA 93060
      View Details
    • $575,000
      Pending

      Santa Paula Office Building For Sale

      Charming downtown Santa Paula office building with on-site parking.
      134 Davis St, Santa Paula, CA 93060
      View Details
    • $599,000

      Downtown Santa Paula Retail Opportunity

      Commercial property in revitalizing downtown Santa Paula, Ventura County.
      1020 East Main St, Santa Paula, CA 93060
      View Details
    • $1,600,000

      Versatile Building Near Downtown

      Multi-use building with office spaces, near downtown and parking.
      203 S 8Th St, Santa Paula, CA 93060
      View Details
    • $850,000

      Five-Unit Multifamily Investment Opportunity

      Five-unit property with high rental occupancy in a thriving neighborhood.
      317 N Ojai St, Santa Paula, CA 93060
      View Details
    • $1,150,000

      Santa Paula Automotive Shop

      Automotive shop for sale in Santa Paula, California.
      820 Railroad Ave, Santa Paula, CA 93060
      View Details

    FAQs

    What type of property is this?
    Land - 7.02 acres near Santa Paula Airport, entitled for development.
    Where is this land located?
    The property is located at 1170 Montebello St Santa Paula, CA.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: - 7.02 Acres Available; - Entitled for a **72,000 SF Multi-Tenant Development with Up to 37 Units**; - SP-7 Airpark Specific Plan Zoning
    (818) 206-7480
    Request Owner's contact information
    1170 Montebello St Santa Paula, CA 93060
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1170 Montebello St
    Santa Paula, CA 93060
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1170 Montebello St Santa Paula, CA 93060
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bentley Mckean
    (818) 206-7480
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.