Building Details

Building Size 2,750 SF

Year Built 1955

Listing Agency: Berkshire Hathaway HomeServices California Properties

Listed By: Patricia Waltcher · License #01176473 Show Phone

Source: Elliman

Added: Mar 11 Changed: Aug 23 Last Checked: Aug 23 at 4:06AM

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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 HomeServices California Properties

Investment Insights

Based on property information with market context.

This is a large retail space located on East Ojai Avenue, offering approximately 2750 square feet of space. The property includes an additional 800 square foot detached storage building with access from the parking lot and alleyway. The building has 7 parking spaces. A newer roof has been installed. The property is located just east of Park Road. It was formerly the home of The Ojai Surplus store for over 30 years. Neighboring businesses include Ojai Pub, Light & Space Yoga Studio, Magic Hour Teas, Rise Salon, and Hakane Sushi. The flexible space has potential for many different creative uses.

Key Highlights

• Large 2750 sqft retail space on East Ojai Ave.
• Includes 800 sq‑ft detached storage building.
• 7 dedicated parking spaces.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,029

Cap Rate

4.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$880,580 $880.6K

Cap Rate 7%

$628,986 $629.0K

Cap Rate 9%

$489,211 $489.2K

Market Conditions

NOI Build-Up for 2,750 SF

Gross rent

$66.0K $24.00/SF

− Vacancy

−$3.1K −$1.13/SF

EGI

$62.9K $22.87/SF

− OpEx

−$18.9K −$6.86/SF

NOI

$44.0K $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 Rate 5%

$880,580

Cap Rate 7%

$628,986

Cap Rate 9%

$489,211

Alternative Uses

Best Use

Retail

$629.0K

$550.4K – $733.8K (±1% cap)

NOI $44,029 @ 7.0% cap · market cap 4.80%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$944.1K

$826.1K – $1.10M (±1% cap)

NOI $66,084 @ 7.0% cap · market cap 7.21%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Dental Office Auto Parts Store HVAC Service (Bike/Boat/Book/etc) Store Catering Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

912

Businesses Nearby

25k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 64% Groceries 33% Hotels & Casinos 3%

Chevron Shops & Services

8,518 visits/mo 0.4 miles

Westridge Market Iga Groceries

5,152 visits/mo 0.1 miles

Shell Shops & Services

5,105 visits/mo 0.2 miles

Certified Farmers' Market Groceries

3,200 visits/mo 0.5 miles

Napa Auto Parts Shops & Services

1,906 visits/mo 0.2 miles

Demographics for 93023, CA

20,937

Population

9,310

Households

2.2

Avg Household Size

50

Median Age

41%

College-Educated

90%

High-School Grad

266.9 sq mi

ZIP Area

78

Density / Sq Mi

$82,298

Median Household Income

$42,389

Median Earnings

$1,831

Median Rent

$888,700

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Large retail space with detached storage building and parking.

Where is this retail space located?

The property is located at 952 E Ojai Ave Ojai, CA.

What is the asking price?

The asking price for this property is $917,000.

What are key features of this property?

This property features: Large 2750 sqft retail space on East Ojai Ave.; Includes 800 sq‑ft detached storage building.; 7 dedicated parking spaces.