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    1401 Ln Loma Ave Camarillo, CA 93066
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    1401 Ln Loma Ave, Camarillo, CA 93066

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    • Mixed-use properties
    • 1,100 SF
    • 42.19 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 1401 Ln Loma Ave

    Year built
    1990
    Lot size
    42.19 lot acres
    Property type
    Mixed-use properties
    Property subtype
    Land

    Description

    Presenting a unique opportunity to acquire a 42.19-acre mixed-use property in the desirable Somis, California area. This exceptional offering combines the best of agricultural land and residential living. The property boasts approximately 38 acres of productive lemon groves, providing a substantial income stream. Improvements include a charming 1,100 square foot, single-story cottage featuring three bedrooms and two bathrooms, complemented by a detached two-car garage. For those seeking larger-scale operations, a substantial 4,000 square foot steel workshop is available, equipped with two oversized roll-up doors, 220-volt power, and a semi-loading dock. The workshop is secured within a fenced yard, offering ample storage space. Situated within a gated community of seven exclusive 40-acre ranches, this property offers a tranquil setting with gentle topography, perfect for developing a dream estate or equestrian facility. A shared well ensures a reliable water supply for the community. The property's location offers a blend of rural serenity and convenient access to nearby cities such as Camarillo, Oxnard, and East Ventura. The Ventura County location, with APN 1100010155, presents a rare chance to own a legacy estate in a coveted agricultural region. Built in 1990, this property includes three buildings in total. The asking price is $2,999,500.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Camarillo
    County
    Ventura
    State
    California
    Longitude
    -119.05
    Latitude
    34.2937

    Comparable in this City

    • Value Estimation by Request

      Los Angeles Ave

      Farms
      0 Los Angeles Ave, Somis, CA 93066
      View Details
    • Value Estimation
      $1,570,000
      7,364 SF

      3227 Somis Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      3227 Somis Rd, Somis, CA 93066
      View Details
    • Value Estimation
      $1,200,000
      7,811 SF

      5456 Nn St

      APARTMENT HOUSE (5+ UNITS)
      5456 Nn St, Somis, CA 93066-9535
      View Details
    • Value Estimation
      $1,800,000
      4,680 SF

      3419 Somis Rd

      APARTMENT HOUSE (5+ UNITS)
      3419 Somis Rd, Somis, CA 93066-9556
      View Details
    • Value Estimation by Request
      3.00 Acres

      Los Angeles Ave

      REFINERY, PETROLEUM PRODUCTS
      Los Angeles Ave, Camarillo, CA 93066
      View Details
    • Value Estimation by Request
      1,844 SF

      5375 Bell St

      MEDICAL BUILDING
      5375 Bell St, Somis, CA 93066-9502
      View Details

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      Ventura County Farmland Opportunity

      185 acres of prime, income-producing farmland in Ventura County.
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      Somis Ranch: Income-Producing Agriculture

      433-acre Somis ranch with agriculture, residences, and investment potential.
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    • New
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      Prime Farmland in Ventura County

      185 acres of income-producing farmland in Somis, California.
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      Lemon Grove with Ranch Potential

      Lemon grove with potential for ranch or equestrian facilities.
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      Ventura County Agricultural Land

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    Camarillo, CA 93066
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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