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

    674 County Square Dr, Unit 202 Ventura, CA 93003

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $225,000

    Office condo near Ventura County Courthouse with rental income.

    Lot size:
    0.04 Acres

    Property Features for 674 County Square Dr

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1982

    We can help!

    Listing Contact
    Jeff Haring
    Jeff Haring
    Source: Elliman

    Listing Agent: Jeff Haring

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

    Learn more

    Overview

    Professional Office Condo For Sale

    This office condo, known as the County Square Professional Offices building, offers multi-use space suitable for an owner-user or landlord, with existing rental income from several individual offices. The building is connected to the Ventura County Courthouse via a tunnel. It features ample parking and is located near the 101 and 126 freeways, restaurants, and a shopping center. The property is suitable for attorneys, tax consultants, insurance professionals, LMFT, financial services, and other consulting purposes. The unit is divided into 5 spaces, each currently occupied by tenants. The HOA fee for the building is $276.90 per month.
    Location Intelligence

    Current Use by Public Records

    Isalis Jewelry Store Party City Party Store Skunk Funk Corporate Campus Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ventura
    County
    Santa Clara
    State
    California
    Longitude
    -119.223
    Latitude
    34.2816

    Nearby Similar for Sale

    • New
      $1,895,000
      3,723 SF

      Ventura Live/Work Art Compound

      Unique dual-zoned live/work property near downtown Ventura and the beach.
      161 N Garden St, Ventura, CA 93001
      View Details
    • $360,000

      Ventura Flex Space For Sale

      Versatile commercial space with office and workspace in Ventura.
      2261 Palma Dr, Ventura, CA 93003
      View Details
    • $1,500,000
      4,496 SF

      Ventura Mixed-Use Property For Sale

      Mixed-use property in Ventura, CA, near the beach.
      954 E Thompson Blvd, Ventura, CA 93001
      View Details
    • $899,000

      Ocean View Condo in Ventura

      Condo with ocean, island, and city light views.
      925 Vallecito Dr, Ventura, CA 93001
      View Details
    • $1,450,000

      Historic Mixed-Use Victorian Rose Building

      Unique mixed-use property in Downtown San Buenaventura, blocks from the beach.
      896 E Main St, Ventura, CA 93001
      View Details
    • $795,000

      Ventura Industrial Condominium For Sale

      Industrial condominium with upgrades in a manufacturing planned development.
      2300 Knoll Dr, Ventura, CA 93003
      View Details
    • $265,000

      Spacious Mobile Home in Ventura

      Well-maintained 2 bed, 2 bath mobile home with remodeled bathroom.
      159 Dahlia Way, Ventura, CA 93004
      View Details
    • $389,900

      New Mobile Home in Ventura

      New 3-bedroom, 2-bath mobile home near Ventura beaches.
      21 Kimberly Dr, Ventura, CA 93001
      View Details
    • $280,000

      Midtown Ventura 55+ Community Home

      Charming, move-in ready home in a convenient 55+ community.
      75 Copland Cir, Ventura, CA 93003
      View Details
    • $599,000

      Upgraded Mobile Home in Senior Park

      Remodeled 3-bedroom mobile home with Trek Deck in senior park.
      157 Keats Cir, Ventura, CA 93003
      View Details
    • $5,995,000

      Midtown Ventura Apartment Building

      12-unit apartment near beach and downtown Ventura.
      1256 Main St, Ventura, CA 93001
      View Details
    • $823,600

      Industrial-Office Condo with Tenant

      Well-maintained industrial condo with a high-quality tenant in place.
      4517 Market St, Ventura, CA 93003
      View Details

    FAQs

    What type of property is this?
    Office space - Office condo near Ventura County Courthouse with rental income.
    Where is this office space located?
    The property is located at 674 County Square Dr, Unit 202 Ventura, CA.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Rental income from multiple individual offices.; - Direct tunnel access to the Ventura County Courthouse.; - Multi-use space suitable for owner/user/landlord.
    (805) 443-4443
    Request Owner's contact information
    674 County Square Dr, Unit 202 Ventura, CA 93003
    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.
    674 County Square Dr, Unit 202
    Ventura, CA 93003
    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
    674 County Square Dr, Unit 202 Ventura, CA 93003
    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
    Jeff Haring
    Jeff Haring
    (805) 443-4443
    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.