Mid-Town Retail and Residential
For Sale
$1,100,000
1723 E Main St, Ventura, CA 93001
Retail spaces, studio apartment, and parking in mid-town Ventura.
Property Size3,000 SF
Lot Size0.30 Acres
Days on Market275
Property Features for 1723 E Main St
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.30 Acres
Property subtype
Commercial
Building Details
Building Size
3,000 SF
Year Built
1940
Listing Agency:
The Real Estate Company
(805) 340-7121
Listed By:
Linda Ward · License #01009934
(805) 340-7121
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 16
Last Checked: Aug 29 at 10:57AM
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 The Real Estate Company
Investment Insights
Based on property information with market context.
Located in the mid-town area of Ventura, this property includes a beauty salon and a dance studio. It also features a separate studio apartment and a parking lot located in the rear of the building. The property is suitable for retail and residential income purposes.
Key Highlights
- Includes a beauty salon and dance studio.
- Separate studio apartment included.
- Located in the mid‑town area of Ventura.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,034
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,620,680
$1.6M
Cap Rate 7%
$1,157,629
$1.2M
Cap Rate 9%
$900,378
$900.4K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$121.3K $40.44/SF
− Vacancy
−$5.6K −$1.85/SF
EGI
$115.8K $38.59/SF
− OpEx
−$34.7K −$11.58/SF
NOI
$81.0K $27.01/SF
Area
Santa Clara County, CA
Vacancy
4.58%
Lease Rate
$40.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,620,680
Cap Rate 7%
$1,157,629
Cap Rate 9%
$900,378
Alternative Uses
Best Use
Retail
$1.16M
$1.01M – $1.35M
NOI $81,034 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$814.6K
$712.8K – $950.4K
NOI $57,024 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,780 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 93001, CA
33,859
Population
14,705
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
96.6 sq mi
ZIP Area
351
Density / Sq Mi
$86,310
Median Household Income
$45,023
Median Earnings
$1,881
Median Rent
$760,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail spaces, studio apartment, and parking in mid-town Ventura.
Where is this retail space located?
The property is located at 1723 E Main St Ventura, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Includes a beauty salon and dance studio.; Separate studio apartment included.; Located in the mid‑town area of Ventura.
