Property profile

250 Mills Rd Ventura, CA 93003

OFF-MARKET
Retail properties & Spaces
14,112 SF 2 ac lot
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Property summary

AI-generated overview

This exceptional Class A commercial property, located at 250 S Mills Rd, Ventura, CA 93003, presents a unique investment opportunity. The 14,112 square foot building sits on a 2-acre lot (APN: 079-0-101-300) and boasts a C-1 zoning designation, permitting retail and personal neighborhood services such as spas or physical therapy clinics. The building, a remodeled mid-century structure, features a modern design and updated infrastructure, reflecting millions of dollars in recent improvements to meet current city codes. The property includes over 200 secured parking spaces conveniently accessed via a new interior elevator. An expansive outdoor deck exceeding 1,500 square feet provides additional space for events or other uses. Its prime location offers excellent visibility, situated across from Pacific View Mall at a signalized intersection with major retailers like Target, Trader Joe's, and Bevmo. Currently, the building has 10% occupancy and is offered for sale by owner as an owner/user opportunity. The net rentable area is 13,600 square feet. This property is ideal for a single-user business or a multi-tenant operation seeking a high-profile Ventura location. The lease type is modified, and tenant credit is credit-rated.

Property profile

Verified
Property type Retail properties & Spaces
Total area 14,112 SF
Lot 2 ac (87,120 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic

Location

250 Mills Rd Ventura, CA 93003
Ventura metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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