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    3775 Market St Ventura, CA 93003

    Sponsored
    For Sale
    $1,950,000

    8,427 SF Flex Space, High Demand

    Property size:
    8,427 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8,427-square-foot industrial building, situated on a 26,708-square-foot lot at 3775 Market Street in Ventura, California (93003), presents a compelling investment opportunity. Built in 1984, this multi-tenant property boasts a flexible M1 zoning designation, allowing for a variety of uses beyond those permitted under more restrictive zoning classifications. The building currently houses Rayne Water, a primary tenant occupying 72.7% of the space, primarily on the ground floor and utilizing the secured yard. The second floor, currently vacant, offers significant upside potential for added value through lease-up or owner-occupancy. Located at the corner of Fleet Avenue and Market Street, this property enjoys convenient access to the 101 Freeway and 126 Highway, as well as numerous nearby amenities, including restaurants, retail establishments, and financial institutions. With Ventura County's industrial vacancy rate at approximately 2.1% (per CoStar), this asset represents a rare opportunity to acquire a multi-tenant M1 industrial building in a high-demand market. The asking price is $1,950,000, translating to $231.40 per square foot. Significant tenant improvements support the current water treatment use. Prospective buyers are advised to conduct their own due diligence with the City of Ventura regarding permitted uses.

    Property Features for 3775 Market St

    General Information

    Property type
    Distribution properties
    Square Feet
    8,427 SF

    HighLights

    • 8,427 SF industrial building on a 26,708 SF lot in Ventura, CA (93003).
    • Multi‑tenant property with flexible M1 zoning.
    • 72.7% occupancy by primary tenant, Rayne Water; second floor vacant.
    • Prime location at Market & Fleet, near 101 & 126 freeways.
    • Asking price: $1,950,000 ($231.40/SF); low Ventura County vacancy rate (approx. 2.1%).
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ventura
    County
    Ventura
    State
    California
    Longitude
    -119.2440409
    Latitude
    34.2607758

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    FAQs

    What type of property is this?
    Distribution property - 8,427 SF Flex Space, High Demand
    Where is this distribution property located?
    The property is located at 3775 Market St Ventura, CA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: 8,427 SF industrial building on a 26,708 SF lot in Ventura, CA (93003).; Multi-tenant property with flexible M1 zoning.; 72.7% occupancy by primary tenant, Rayne Water; second floor vacant.
    Request Owner's contact information
    3775 Market St Ventura, CA 93003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3775 Market St Ventura, CA 93003
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