Single-Story Medical Office
For Sale
$925,000
900 East Main Street, Santa Paula, CA 93060
Dental-office plumbing, multiple sinks, storage, and adaptable interior space support a range of professional uses.
Property Size2,268 SF
Price / SF$407.85
Days on Market632
Property Features for 900 East Main Street
General Information
Standard status
Active
Size
2,268 SF
Property subtype
Commercial Sale / Mixed Use
Additional Details
Road Access
Yes
Amenities
wide glass windows
gated back-alley access
two well-sized restrooms
Building Details
Year Built
1920
Buildings
1
Stories
1
Listing Agency:
Century 21 Masters
(805) 256-5088
Listed By:
Cynthia Aguilar · License #01839891
(805) 256-5088
Source:
Compass
Added: Dec 6, 2024
Changed: Aug 29
Last Checked: Aug 29 at 3:51PM
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
Investment Insights
Based on property information with market context.
This 2,268-square-foot, single-story commercial building dates to 1920 and features a rectangular interior with wood-style flooring, white finishes, broad street-facing glass windows, and glass entry doors. The space is currently plumbed for dental-office use, with multiple sinks, built-in storage and workspace, and two tiled restrooms with modern fixtures.
Positioned on East Main Street in Santa Paula, the property provides gated rear-alley access for deliveries. Public and private parking options are located nearby, while restaurants, boutiques, and leisure activities sit within close proximity. The surrounding area includes the California Oil, Santa Paula Art, and Agricultural Museums. The building’s configuration can accommodate medical-office, retail, or studio uses supported by the existing layout.
Positioned on East Main Street in Santa Paula, the property provides gated rear-alley access for deliveries. Public and private parking options are located nearby, while restaurants, boutiques, and leisure activities sit within close proximity. The surrounding area includes the California Oil, Santa Paula Art, and Agricultural Museums. The building’s configuration can accommodate medical-office, retail, or studio uses supported by the existing layout.
Key Highlights
- 2,268‑square‑foot single‑story commercial building constructed in 1920
- Plumbed for dental‑office use with multiple sinks, storage, and workspace
- Rectangular interior with wood‑style flooring and broad glass frontage
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
$40,146
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
4.34%
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%
$802,920
$802.9K
Cap Rate 7%
$573,514
$573.5K
Cap Rate 9%
$446,067
$446.1K
Market Conditions
NOI Build-Up for 2,268 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
$59.9K $26.40/SF
− Vacancy
−$6.3K −$2.80/SF
EGI
$53.5K $23.60/SF
− OpEx
−$13.4K −$5.90/SF
NOI
$40.1K $17.70/SF
Area
Ventura County, CA
Vacancy
10.60%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$802,920
Cap Rate 7%
$573,514
Cap Rate 9%
$446,067
Alternative Uses
Best Use
Office B
$573.5K
$501.8K – $669.1K
NOI $40,146 @ 7.0% cap · market cap 4.34%
Second Best
Retail
$518.7K
$453.9K – $605.2K
NOI $36,312 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$778.6K
$681.3K – $908.4K
NOI $54,502 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,117
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93060, CA
33,859
Population
10,935
Households
3.1
Avg Household Size
35
Median Age
16%
College-Educated
67%
High-School Grad
92.4 sq mi
ZIP Area
366
Density / Sq Mi
$79,606
Median Household Income
$36,202
Median Earnings
$1,678
Median Rent
$582,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Halford John a DVM — Santa Paula, CA 93060
- Mckenzie Rasmussen, DVM — Santa Paula, CA 93060
Frequently Asked Questions
What type of property is this?
Medical Office Space - Dental-office plumbing, multiple sinks, storage, and adaptable interior space support a range of professional uses.
Where is this medical office space located?
The property is located at 900 East Main Street Santa Paula, CA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 2,268‑square‑foot single‑story commercial building constructed in 1920; Plumbed for dental‑office use with multiple sinks, storage, and workspace; Rectangular interior with wood‑style flooring and broad glass frontage
