Vacant Retail Building with
550 N Ventura Ave Oak View, CA 93022
550 N Ventura Ave, Oak View, CA, 93022
$450,000
For Sale
$450,000
Vacant 1,095 sq. ft. retail building with fully paved parking, display fixtures, and a large walk-in cooler.
Property Size1,095 SF
Lot Size0.16 Acres
Price / SF$410.96
Days on Market14
Property Features for 550 N Ventura Ave
General Information
- Standard status
- Active
- Size
- 1,095 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1947
Listing agency
Morales Group Real Estate Advisors
(805) 228-4671
Listed by
Jose Luiz Morales · License #01891119
(805) 228-4671
Source
Elliman
Added: Jul 8 Updated: Jul 21 at 6:19AM Checked: Jul 21 at 6:19AM
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 Morales Group Real Estate Advisors
Investment Insights
Based on property information with market context.
This vacant commercial building is positioned for retail and service use, featuring a 1,095 sq. ft. interior layout supported by included display counters, shelving, and racks. The property also includes a large walk-in cooler, plus a covered and fenced rear storage area with a restroom located off the back storage room. A fully paved parking lot provides on-site parking.
The building is located in the heart of Oak View’s commercial district with visibility along busy Highway 33.
Zoned Commercial – General Retail, the property offers flexibility for a variety of permitted commercial uses, including retail and food service concepts, professional and office uses, and other commercial categories; buyers are advised to verify specifics with Ventura County.
The building is located in the heart of Oak View’s commercial district with visibility along busy Highway 33.
Zoned Commercial – General Retail, the property offers flexibility for a variety of permitted commercial uses, including retail and food service concepts, professional and office uses, and other commercial categories; buyers are advised to verify specifics with Ventura County.
Key Highlights
- Vacant 1,095 sq. ft. commercial building built in 1947 in Oak View’s commercial district
- Fully paved parking lot plus ample parking on a 7,045 sq. ft. lot
- Includes display counters, shelving, racks, and a large walk‑in cooler
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.3k | $24.00 |
| − Vacancy | −$1.2k | −$1.13 |
| EGI | $25.0k | $22.87 |
| − OpEx | −$7.5k | −$6.86 |
| NOI | $17.5k | $16.01 |
1,095 SF · lease $24.00/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$250.4K
$219.1K – $292.2K
NOI $17,531 @ 7.0% cap · market cap 3.90%
Second Best
Specialty Retail
$201.3K
$176.1K – $234.8K
NOI $14,088 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$375.9K
$328.9K – $438.6K
NOI $26,314 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Vacant 1,095 sq. ft. retail building with fully paved parking, display fixtures, and a large walk-in cooler.
Where is this storefront property located?
The property is located at 550 N Ventura Ave Oak View, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Vacant 1,095 sq. ft. commercial building built in 1947 in Oak View’s commercial district; Fully paved parking lot plus ample parking on a 7,045 sq. ft. lot; Includes display counters, shelving, racks, and a large walk‑in cooler
