Ojai Commercial Property For
For Sale
$1,350,000
996 E Ojai E Avenue, Ojai, CA 93023
Commercial property with frontage on Ojai Avenue available for sale.
Property Size3,375 SF
Price / SF$400
Days on Market403
Property Features for 996 E Ojai E Avenue
General Information
Standard status
Active
Size
3,375 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1957
Listing Agency:
KellerWilliamsWestVenturaCount
(805) 646-9800
Listed By:
Thomas Farmer · License #01746471
(805) 320-1414
Source:
Exitrealty
Added: Aug 31, 2025
Changed: Sep 9
Last Checked: Sep 15 at 5:31AM
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 KellerWilliamsWestVenturaCount
Investment Insights
Based on property information with market context.
Located blocks from downtown Ojai, California, this commercial property features frontage on Ojai Avenue, the city's main thoroughfare. Situated on a 19,500-square-foot corner lot, the property includes a 3,375-square-foot building. The site benefits from high visibility across from the entrance to Soule Park Golf Course. Currently operating as an auto repair shop, the property is zoned C1, offering various potential uses.
Key Highlights
- Prime location on Ojai Avenue, Ojai's main road, offering high visibility.
- Large 19,500 sq ft corner lot.
- 3,375 sq ft building suitable for various commercial uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,035
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,700
$1.1M
Cap Rate 7%
$771,929
$771.9K
Cap Rate 9%
$600,389
$600.4K
Market Conditions
NOI Build-Up for 3,375 SF
Gross rent
$81.0K $24.00/SF
− Vacancy
−$3.8K −$1.13/SF
EGI
$77.2K $22.87/SF
− OpEx
−$23.2K −$6.86/SF
NOI
$54.0K $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%
$1,080,700
Cap Rate 7%
$771,929
Cap Rate 9%
$600,389
Alternative Uses
Best Use
Retail
$771.9K
$675.4K – $900.6K
NOI $54,035 @ 7.0% cap · market cap 4.00%
Second Best
Industrial
$491.4K
$430.0K – $573.4K
NOI $34,401 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,104 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
25k
Monthly Visits Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Arcade Glass Co — 416 Bryant Cir, Ojai, CA 93023
- Paul's Motorcycle Repair — 204 S Fulton St, Ojai, CA 93023
- Adamson's Towing — 214 Bryant St #B, Ojai, CA 93023
- Brue Body Shop — 207 Bryant St, Ojai, CA 93023
- Two Twelve Body & Restoration — 212 Bryant St, Ojai, CA 93023
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property with frontage on Ojai Avenue available for sale.
Where is this auto shop located?
The property is located at 996 E Ojai E Avenue Ojai, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime location on Ojai Avenue, Ojai's main road, offering high visibility.; Large 19,500 sq ft corner lot.; 3,375 sq ft building suitable for various commercial uses.
