Multi-Unit Mixed-Use
For Sale
$600,000
553 Ventura Street, Fillmore, CA 93015
Mixed Use, Fillmore, CA
Property Size2,000 SF
Price / SF$300
Days on Market38
Property Features for 553 Ventura Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
c3
Subdivision
VC55 - Fillmore
Standard status
Active
APN
0530093180
Utilities
Cooling system
Central Air
Amenities
High Visibility Signage
Building Details
Year built
1970
Listing Agency:
Realty ONE Group Summit
(805) 978-5764
Listed By:
Christie Neal · License #01747887
(805) 732-8466
Added: Jul 16
Changed: Aug 20
Last Checked: Aug 22 at 8:06AM
MLS# V1-37649
Copyright © 2026 California Regional MLS - Pasadena-Foothills and Ventura County Coastal. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 553 Ventura Street in Fillmore, this multi-unit mixed-use commercial building contains 2000 sq. ft. of space and was constructed in 1970. The property is fully occupied and equipped with central air, supporting its existing commercial operation.
Highway frontage provides direct exposure, complemented by high-visibility signage. The site includes two parking lots, adding on-site parking capacity for occupants and visitors. C3 zoning further identifies the property for commercial use.
Highway frontage provides direct exposure, complemented by high-visibility signage. The site includes two parking lots, adding on-site parking capacity for occupants and visitors. C3 zoning further identifies the property for commercial use.
Key Highlights
- 2000 sq. ft. multi‑unit commercial building
- 100% occupied
- Highway frontage with high‑visibility signage
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
$25,110
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
4.19%
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%
$502,200
$502.2K
Cap Rate 7%
$358,714
$358.7K
Cap Rate 9%
$279,000
$279.0K
Market Conditions
NOI Build-Up for 2,000 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
$43.2K $21.60/SF
− Vacancy
−$3.0K −$1.51/SF
EGI
$40.2K $20.09/SF
− OpEx
−$15.1K −$7.53/SF
NOI
$25.1K $12.56/SF
Area
Ventura County, CA
Vacancy
7.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$502,200
Cap Rate 7%
$358,714
Cap Rate 9%
$279,000
Alternative Uses
Best Use
Mixed Use
$358.7K
$313.9K – $418.5K
NOI $25,110 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$686.6K
$600.8K – $801.0K
NOI $48,061 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
Explore this area
Business Placement
Demographics for 93015, CA
18,789
Population
6,196
Households
3
Avg Household Size
35
Median Age
16%
College-Educated
78%
High-School Grad
92.8 sq mi
ZIP Area
202
Density / Sq Mi
$90,258
Median Household Income
$40,811
Median Earnings
$1,781
Median Rent
$590,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C3-zoned commercial property with central air, highway frontage, full occupancy, and two parking lots.
Where is this mixed-use property located?
The property is located at 553 Ventura Street Fillmore, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2000 sq. ft. multi‑unit commercial building; 100% occupied; Highway frontage with high‑visibility signage
