C-2 Retail Shopping
For Sale
Contact for pricing
4001-4017 E Main St, Ventura, CA 93003
Established retail property with C-2 zoning and a building constructed in 1978.
Property Size25,500 SF
Price / SF$313.73
Days on Market156
Property Features for 4001-4017 E Main St
General Information
Standard status
Active
Size
25,500 SF
Total Parking Spaces
147
Property subtype
Retail
Zoning
C-2
Investment Type
Stabilized
Net Operating Income
$527,058
Additional Details
Cap Rate
6.58%
Building Details
Year Built
1978
Tenancy
Multi
Listing Agency:
Berkshire Hathaway Commercial Division
(805) 969-5026
Listed By:
Mitch Stark · License #CA 01196532
Source:
Crexi
Added: Mar 28
Changed: Aug 30
Last Checked: Aug 30 at 5:48AM
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 Berkshire Hathaway Commercial Division
Investment Insights
Based on property information with market context.
This retail property offers 25,500 square feet within an established shopping center setting. Constructed in 1978, the asset is identified for retail use and carries C-2 zoning.
The property is located at 4001-4017 E Main St in Ventura, California. The offering reflects a reported 6.58% CAP rate for the property.
The property is located at 4001-4017 E Main St in Ventura, California. The offering reflects a reported 6.58% CAP rate for the property.
Key Highlights
- 25,500 square feet of retail property
- C‑2 zoning
- Constructed in 1978
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
$688,793
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
8.61%
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%
$13,775,860
$13.8M
Cap Rate 7%
$9,839,900
$9.8M
Cap Rate 9%
$7,653,256
$7.7M
Market Conditions
NOI Build-Up for 25,500 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
$1.03M $40.44/SF
− Vacancy
−$47.2K −$1.85/SF
EGI
$984.0K $38.59/SF
− OpEx
−$295.2K −$11.58/SF
NOI
$688.8K $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%
$13,775,860
Cap Rate 7%
$9,839,900
Cap Rate 9%
$7,653,256
Alternative Uses
Best Use
Retail
$9.84M
$8.61M – $11.48M
NOI $688,793 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.39M
$13.47M – $17.96M
NOI $1,077,632 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Jersey Mike's Subs
Dining
10,904 visits/mo
0.4 miles
Starbucks
Dining
10,854 visits/mo
0.4 miles
Domino's Pizza
Dining
3,243 visits/mo
0.5 miles
Demographics for 93003, CA
50,558
Population
20,734
Households
2.4
Avg Household Size
42
Median Age
41%
College-Educated
92%
High-School Grad
20.8 sq mi
ZIP Area
2,431
Density / Sq Mi
$100,300
Median Household Income
$50,185
Median Earnings
$2,173
Median Rent
$781,600
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 - Established retail property with C-2 zoning and a building constructed in 1978.
Where is this retail space located?
The property is located at 4001-4017 E Main St Ventura, CA.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 25,500 square feet of retail property; C‑2 zoning; Constructed in 1978
