Downtown Storefront with Display
For Sale
$649,000
912 Main Street, Santa Paula, CA 93060
Updated retail premises provide rear parking, alley access, and supplemental storage for an established business location.
Property Size1,400 SF
Price / SF$463.57
Days on Market10
Property Features for 912 Main Street
General Information
Standard status
Active
Size
1,400 SF
Total Parking Spaces
5
Property subtype
Retail
Amenities
large display windows
mounted security cameras
private parking
exterior half bath and storage
alley access
attic access
basement
rolling front security gates
Listing Agency:
BHGRE Property Shoppe
(805) 856-8283
Listed By:
Donna Wood · License #01230954
Source:
Xome
Added: Aug 7
Changed: Aug 15
Last Checked: Aug 16 at 3:28AM
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 BHGRE Property Shoppe
Investment Insights
Based on property information with market context.
This 1,400 SF storefront in downtown Santa Paula features broad display glazing around the entrance, newer flooring, replastered walls, white interior finishes, and upgraded lighting. Building improvements also include a newer HVAC system, updated electrical panel and wiring, and mounted security cameras. Rolling security gates add another layer of protection after hours.
The property includes 5 private parking spaces at the rear, alley access, an exterior half bath, and storage space. Two-hour public parking is available along Main Street. The surrounding downtown setting includes tree-lined streets, nearby eateries and pubs, regular foot traffic, and community events including 1st Friday Cruise nights.
The property includes 5 private parking spaces at the rear, alley access, an exterior half bath, and storage space. Two-hour public parking is available along Main Street. The surrounding downtown setting includes tree-lined streets, nearby eateries and pubs, regular foot traffic, and community events including 1st Friday Cruise nights.
Key Highlights
- 1,400 SF downtown storefront with large display windows
- 5 private parking spaces located behind the building
- Newer flooring, replastered walls, updated lighting, and white interior finishes
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
$22,415
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
3.45%
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%
$448,300
$448.3K
Cap Rate 7%
$320,214
$320.2K
Cap Rate 9%
$249,056
$249.1K
Market Conditions
NOI Build-Up for 1,400 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
$33.6K $24.00/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$32.0K $22.87/SF
− OpEx
−$9.6K −$6.86/SF
NOI
$22.4K $16.01/SF
Area
Ventura County, CA
Vacancy
4.70%
Lease Rate
$24.00 /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%
$448,300
Cap Rate 7%
$320,214
Cap Rate 9%
$249,056
Alternative Uses
Best Use
Retail
$320.2K
$280.2K – $373.6K
NOI $22,415 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$480.6K
$420.5K – $560.7K
NOI $33,643 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,130
Businesses Nearby
155k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Groceries 17%
Shops & Services 15%
Electronics 2%
Superior Grocers
Groceries
26,795 visits/mo
0.2 miles
McDonald's
Dining
25,751 visits/mo
0.2 miles
Jack in the Box
Dining
18,492 visits/mo
0.2 miles
Starbucks
Dining
17,569 visits/mo
0.2 miles
Carl's Jr.
Dining
9,093 visits/mo
0.2 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Updated retail premises provide rear parking, alley access, and supplemental storage for an established business location.
Where is this storefront property located?
The property is located at 912 Main Street Santa Paula, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 1,400 SF downtown storefront with large display windows; 5 private parking spaces located behind the building; Newer flooring, replastered walls, updated lighting, and white interior finishes
