Downtown Retail
For Sale
$3,200,000
327 E Main Street, Ventura, CA 93001
Multi-level downtown retail building with hard wood floors, 17-foot ceilings, and a sidewalk canopy.
Property Size7,280 SF
Price / SF$434.19
Days on Market2307
Property Features for 327 E Main Street
General Information
Standard status
Active
Size
7,280 SF
Property subtype
COMMERCIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Clear Height
17 ft
Building Details
Building Size
7,280 SF
Year Built
1920
Listing Agency:
Real Investments
Listed By:
Michael Hernandez · License #00317670
(805) 985-1000
Source:
Velocityrealtysd
Added: May 15, 2020
Changed: Aug 27
Last Checked: Sep 7 at 7:20AM
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 Real Investments
Investment Insights
Based on property information with market context.
This downtown core Main Street retail building is offered for sale with a multi-level interior and polished finishes. The 1st floor is approximately 4,920 SF, supported by an approx. 1,230 SF mezzanine and an approx. 1,220 SF finished basement for a combined total of approx. 7,370 SF. Interior features include hard wood floors, 17' ceilings, and an 8' sidewalk canopy.
The property is described as being within two short blocks of the Ventura Pier and provides access to the 101 freeway, with public parking noted for visitors. The listing also mentions strong pedestrian presence and good lighting on the sunny side of the street.
Financial details are available on a non-disclosure agreement.
The property is described as being within two short blocks of the Ventura Pier and provides access to the 101 freeway, with public parking noted for visitors. The listing also mentions strong pedestrian presence and good lighting on the sunny side of the street.
Financial details are available on a non-disclosure agreement.
Key Highlights
- Multi‑level downtown Ventura Main Street retail building totaling approx. 7,370 SF (1st floor approx. 4,920 SF, mezzanine approx. 1,230 SF, finished basement approx. 1,220 SF).
- 17' ceilings on the sunny side of the street, with a 8' sidewalk canopy.
- Original hardwood floors noted throughout.
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
$199,075
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
6.22%
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%
$3,981,500
$4.0M
Cap Rate 7%
$2,843,929
$2.8M
Cap Rate 9%
$2,211,944
$2.2M
Market Conditions
NOI Build-Up for 7,370 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
$298.0K $40.44/SF
− Vacancy
−$13.7K −$1.85/SF
EGI
$284.4K $38.59/SF
− OpEx
−$85.3K −$11.58/SF
NOI
$199.1K $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%
$3,981,500
Cap Rate 7%
$2,843,929
Cap Rate 9%
$2,211,944
Alternative Uses
Best Use
Retail
$2.84M
$2.49M – $3.32M
NOI $199,075 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.45M
$3.89M – $5.19M
NOI $311,457 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
Yes
Highway access
Yes
Paved road access
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-level downtown retail building with hard wood floors, 17-foot ceilings, and a sidewalk canopy.
Where is this retail space located?
The property is located at 327 E Main Street Ventura, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Multi‑level downtown Ventura Main Street retail building totaling approx. 7,370 SF (1st floor approx. 4,920 SF, mezzanine approx. 1,230 SF, finished basement approx. 1,220 SF).; 17' ceilings on the sunny side of the street, with a 8' sidewalk canopy.; Original hardwood floors noted throughout.
