Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    407a Bryant Cir Ojai, CA 93023

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    407a Bryant Cir Ojai, CA 93023

    View on Map
    • Office properties & Spaces
    • 3,361 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 407a Bryant Cir

    Year built
    2004
    Property size
    3,361 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 3,361 square foot medical office building in Ojai, California, presents a unique investment opportunity. Located at 407a Bryant Cir, 93023, this Class B property boasts a prime location within Ojai's designated "Funk Zone," a burgeoning area known for its pedestrian-friendly atmosphere and diverse businesses. Built in 2004 and renovated six years ago, the single-story building features four units, currently occupied by three tenants on month-to-month leases, offering flexibility for immediate occupancy or continued rental income. The property includes 16 parking spaces and a spacious 16,400 square foot lot, providing ample room for tenants and visitors. The asking price is $1,349,000, with a pro-forma NOI of $100,000. The property features four separate entrances, three restrooms, and outdoor patio areas. One unit includes an additional 230 square foot loft, ideal for storage or additional office space. Seller financing is available with 25% down. The property is zoned for business park use and offers significant potential for various uses, including medical/dental offices, day spas, restaurants, pet spas, or galleries. The previous owner explored plans to convert the property into live/work units, presenting another avenue for future development. The property can be delivered vacant or with existing tenants. The land value is $12 per square foot. All leases expire December 31, 2023.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ojai
    County
    Ventura
    State
    California
    Longitude
    -119.238
    Latitude
    34.4445

    Comparable in this City

    • Value Estimation
      $900,000
      3,124 SF

      202 Pirie Rd

      MEDICAL BUILDING • 3,124 SF
      202 Pirie Rd, Ojai, CA 93023-3135
      View Details
    • Value Estimation
      $850,000
      3,538 SF

      204 Pirie Rd

      MEDICAL BUILDING • 3,538 SF
      204 Pirie Rd, Ojai, CA 93023-3135
      View Details
    • Value Estimation by Request
      0.22 Acres

      807 Ojai Ave

      MEDICAL BUILDING • 0.22 Acres
      807 Ojai Ave, Ojai, CA 93023-2902
      View Details
    • Value Estimation
      $5,325,000
      35,318 SF

      1200 Maricopa Hwy

      MEDICAL BUILDING • 35,318 SF
      1200 Maricopa Hwy, Ojai, CA 93023-3129
      View Details
    • Value Estimation
      $2,330,000
      11,445 SF

      1320 Maricopa Hwy

      MEDICAL BUILDING • 11,445 SF
      1320 Maricopa Hwy, Ojai, CA 93023-3154
      View Details
    • Value Estimation by Request
      701 SF

      169 El Roblar Dr

      MEDICAL BUILDING • 701 SF
      169 El Roblar Dr, Ojai, CA 93023-2337
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,361 SF

      Ojai Garden Style Office Building

      Versatile Ojai office building suitable for various business types.
      407a Bryant Cir, Ojai, CA 93023
      View Details
    • $1,210,000

      Ojai Valley Business Park Unit

      M1 commercial space with office and warehouse components.
      407 Bryant Cir, Ojai, CA 93023
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Ojai Office Space Available

      Office space available for rent in Ojai, California.
      603 W Ojai Ave, Ojai, CA 93023
      View Details
    • Contact for pricing

      Ojai Office and Industrial Suites

      Office and industrial suites for lease in Ojai, California.
      201 Bryant St, Ojai, CA 93023
      View Details
    • Contact for pricing

      Retail Space Available in Ojai

      Retail space available, approximately 687 square feet in Ojai.
      423 E Ojai Ave, Ojai, CA 93023
      View Details
    • Contact for pricing

      High-Traffic Shopping Center Space

      Retail spaces available in high-traffic shopping center near Ojai.
      11492 N Ventura Ave, Ojai, CA 93023
      View Details
    • Contact for pricing

      Ojai Restaurant Opportunity

      Second generation restaurant space with type 41 license available.
      967 E Ojai Ave, Ojai, CA 93023
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    407a Bryant Cir
    Ojai, CA 93023
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!