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

    404 Central Ave Fillmore, CA 93015

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $699,000

    High visibility lot with potential for mixed-use development.

    Lot size:
    0.31 Acres

    Property Features for 404 Central Ave

    General Information

    Lot size
    0.31 Acres

    We can help!

    Listing Contact
    Ray Galvez
    Source: Elliman

    Listing Agency: RE/MAX Gold Coast Listing Agent: Ray Galvez

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

    Learn more

    Property Insight Report

    Overview

    Development Opportunity in Historic Fillmore

    This property presents a development opportunity in Historic Downtown Fillmore. The site previously had conceptually approved plans from the City of Fillmore for 22 apartment units with retail stores on the ground floor, although these plans have since expired. The property consists of two lots and includes APN# 0530051150. A large building previously stood on the lot but was demolished after the 1994 Earthquake.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fillmore
    County
    Ventura
    State
    California
    Longitude
    -118.9134793
    Latitude
    34.4010211

    Nearby Similar for Sale

    • $875,000
      7,000 SF

      Historic Fillmore Town Theatre

      Restored 7,000 SF theater with 325 seats in downtown Fillmore.
      338 Central Ave, Fillmore, CA 93015
      View Details
    • $275,000
      900 SF

      751-A Ventura St

      Restaurant
      751-A Ventura St, Fillmore, CA 93015
      View Details
    • $14,500,000
      789.43 Acres

      Avocado and Lemon Orchard Ranch

      267.54 acres of planted avocado and lemon orchards.
      1483 E Telegraph Rd, Fillmore, CA 93015
      View Details
    • $650,000

      Downtown Fillmore Live-Work Property

      Storefront with mezzanine, live-work space in high-traffic area.
      340 Central Ave, Fillmore, CA 93015
      View Details
    • Contact for pricing
      157,465 SF

      Fillmore Industrial Buildings For Sale

      Class A industrial buildings with excellent loading in Fillmore Business Park.
      E St & Hwy 126, Fillmore, CA
      View Details
    • $1,149,000

      Fillmore Versatile Property For Sale

      Unique property in Fillmore with abundant potential uses.
      600 Central St, Fillmore, CA 93015
      View Details
    • $675,000

      Fillmore Duplex with Renovation Potential

      Duplex in Fillmore with renovation potential, delivered vacant.
      621 W Lemon Way, Fillmore, CA 93015
      View Details
    • $775,000
      4,072 SF

      Fillmore Mixed-Use Commercial Property

      Downtown Fillmore, High-Potential Investment
      558 Santa Clara St, Fillmore, CA 93015
      View Details
    • $1,100,000
      6,969 SF

      Fillmore Mixed-Use Historic Building

      Prime Fillmore location, 6,969 sq ft, historic charm.
      362 Central Ave, Fillmore, CA 93015
      View Details
    • $850,000
      0.16 Acres

      Fillmore Commercial Property - Prime Location

      Two Retail Spaces, High Traffic Area, Great Investment
      410 Central Ave, Fillmore, CA 93015
      View Details
    • $2,295,000

      Fillmore Commercial Land - Highway 126

      High-traffic, 6-acre commercial lot. Prime Highway frontage.
      Telegraph Rd, Fillmore, CA 93015
      View Details
    • Contact for pricing
      1,368 SF

      Immaculate Home in El Dorado

      Well-maintained home on a landscaped corner lot with mountain views.
      250 E Telegraph Rd, Fillmore, CA 93015
      View Details

    FAQs

    What type of property is this?
    Land - High visibility lot with potential for mixed-use development.
    Where is this land located?
    The property is located at 404 Central Ave Fillmore, CA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - High visibility lot in Historic Downtown Fillmore.; - Conceptually approved plans (expired) for **22 apartment units with retail stores**.; - Includes two lots (APN# 0530051150).
    (805) 844-3677
    Request Owner's contact information
    404 Central Ave Fillmore, CA 93015
    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.
    404 Central Ave
    Fillmore, CA 93015
    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
    404 Central Ave Fillmore, CA 93015
    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
    Ray Galvez
    Real Estate License ID: 01249090
    (805) 844-3677 (805) 524-2624
    Learn more
    Google sign-in failed. Please try again or use another login method.