Add Listing
    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

    606 Sespe Avenue Fillmore, CA 93015

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $875,000

    Two-story office building in downtown Fillmore with high visibility.

    Type:Commercial Sale / Mixed Use
    Property size:
    6,030 SF
    Lot size:
    0.41 Acres
    Added:
    Feb 28, 2025
    Days on Market:
    412
    Last Refresh:
    Mar 13 at 2:22 pm

    Property Features for 606 Sespe Avenue

    General Information

    Standard status
    Active
    Size
    6,030 SF
    Lot size
    0.41 Acres
    Property subtype
    Commercial Sale / Mixed Use

    Building Details

    Year Built
    1983

    We can help!

    Listing Contact
    Cynthia Aguilar
    Cynthia Aguilar

    Listing agent Cynthia Aguilar License #01839891

    Listing office Century 21 Masters

    Listing date Feb 28, 2025

    Source Compass

    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 Century 21 Masters

    Overview

    Fillmore Freestanding Office Building

    This two-story freestanding office building in Fillmore offers an investment opportunity. The building, with 6,030 square feet of space, is situated on a 17,859 square foot lot. The property includes a total of 9 units, with 5 units on the lower level and 4 units on the upper floor. The lobby features high ceilings, tile flooring, and neutral colors. A parking lot provides convenience for clients, tenants, and vendors. Located one block from the town center, the property benefits from downtown foot traffic and visibility. Occupants have proximity to the Fillmore Historical Museum, local shops, restaurants, parks, Fillmore City Hall, and entertainment destinations.
    Location Intelligence

    Current Use by Public Records

    Aguirre Financial & Insurance ... Insurance Agency A G Organic Inc Big Box & Wholesale Store Aguirre & Galindo Insurance ... Insurance Agency HANDS-ON Consultations LLC IT Consulting Firm Michael Blatt Inc Advertising Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fillmore
    County
    Ventura
    State
    California
    Longitude
    -118.9164647
    Latitude
    34.4000347

    Nearby Similar for Sale

    • $799,000
      7,000 SF

      Historic Fillmore Town Theatre

      Restored 7,000 SF theater in downtown Fillmore, California.
      338 Central Avenue, Fillmore, CA 93015
      View Details
    • $275,000
      900 SF

      Established Restaurant in Fillmore

      Operating gourmet restaurant in historic Fillmore, prime highway location.
      751-A Ventura St, Unit A, Fillmore, CA 93015
      View Details
    • $12,000,000

      Fillmore Multifamily Complex For Sale

      40-unit apartment complex in Fillmore, CA, built in 1988.
      610 River St, Fillmore, CA 93015
      View Details
    • Contact for pricing
      195,642 SF

      Industrial Buildings in Ventura County

      Two industrial buildings available for sale or lease.
      SE of Highway 126 & E Street, Fillmore, CA 93015
      View Details
    • Contact for pricing
      157,465 SF

      Industrial Buildings in Ventura County

      Two state-of-the-art industrial buildings available for sale or lease.
      SE of E St & Highway 126, 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.
      SE of E St & Hwy 126, Bldg 1, Fillmore, CA
      View Details
    • Contact for pricing
      195,642 SF

      Fillmore Class A Industrial Building

      State-of-the-art industrial building with excellent loading.
      SE of E St & Hwy 126, Bldg 2, Fillmore, CA
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two-story office building in downtown Fillmore with high visibility.
    Where is this mixed-use property located?
    The property is located at 606 Sespe Avenue Fillmore, CA.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Freestanding 6,030 sq. ft. office building on a large 17,859 sq. ft. lot.; **Prime location one block from Fillmore town center with high visibility and foot traffic.**; Includes 9 units (5 on the lower level, 4 on the upper level).
    (805) 256-5088
    We can help!
    Listing Contact
    Cynthia Aguilar
    Cynthia Aguilar
    Real Estate License ID: 01839891
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!