Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    110 Ventura St Ojai, CA 93023
    Back to Search
    Property profile & analytics

    110 Ventura St, Ojai, CA 93023

    View on Map
    • Retail properties & Spaces
    • 2,329 SF
    • 0.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pacific Western Bank / Atm
    • Banc of California / Bank / Loan Service

    Property Details for 110 Ventura St

    Year built
    1969
    Lot size
    0.50 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity presents a 2,329 square foot retail property in Ojai, CA, currently leased to Banc of California under an absolute NNN lease. The property boasts a strong 4.01% cap rate and a substantial net operating income (NOI) of $63,748. Located on 0.5 acres at 110 S Ventura St, 93023, this prime location benefits from Ojai's thriving tourism and supportive community, placing it near popular attractions like the Ojai Valley Inn and Ojai Coffee Roasters. The lease features a remaining term of approximately 2.3 years, with 3% annual rent bumps and two 5-year renewal options, ensuring long-term income stability. Built in 1969, the property is currently 100% occupied. The tenant, Banc of California, is a significant financial institution with a strong presence in California, further enhancing the investment's security and appeal. This is a rare chance to acquire a stable, high-performing retail asset in a desirable location with significant upside potential. The property's strong financials, coupled with the tenant's financial stability and the favorable lease terms, make this an attractive investment for discerning buyers.

    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
    -119.247
    Latitude
    34.4471

    Comparable in this City

    • Value Estimation by Request
      2,092 SF

      967 Ojai Ave

      Restaurants
      967 Ojai Ave, Ojai, CA 93023
      View Details
    • Value Estimation
      $2,450,000
      12,951 SF

      11420 Ventura Ave

      SHOPPING CENTER, STRIP CENTER
      11420 Ventura Ave, Ojai, CA 93023-4175
      View Details
    • Value Estimation
      $3,485,000
      29,055 SF

      1103 Maricopa Hwy

      REGIONAL SHOPPING CENTER, MALL
      1103 Maricopa Hwy, Ojai, CA 93023-3126
      View Details
    • Value Estimation
      $1,600,000
      11,148 SF

      811 Ojai Ave

      SHOPPING CENTER, STRIP CENTER
      811 Ojai Ave, Ojai, CA 93023-2902
      View Details
    • Value Estimation
      $660,000
      2,366 SF

      502 Ojai Ave

      RESTAURANT
      502 Ojai Ave, Ojai, CA 93023-2446
      View Details
    • Value Estimation by Request
      972 SF

      625 Ventura St

      RESTAURANT
      625 Ventura St, Ojai, CA 93023
      View Details

    Similar Nearby for Sale

    • $3,999,000

      Prime Retail Space in Ojai

      High-visibility retail property in the heart of downtown Ojai.
      110 West Ojai Ave, Ojai, CA 93023
      View Details
    • $3,999,000
      1,736 SF

      Downtown Ojai Commercial Real Estate

      High-visibility commercial property in downtown Ojai, adjacent to luxury hotel.
      110 W Ojai Ave, Ojai, CA 93023
      View Details
    • $2,250,000

      Ojai Mixed-Use Investment Opportunity

      Duplex in downtown Ojai, ideal for live/work or income.
      211 N Signal St, Ojai, CA 93023
      View Details
    • Contact for pricing
      16,000 SF

      Ojai Redevelopment Opportunity

      Former bowling alley ripe for redevelopment in Ojai.
      1202 E Ojai Ave, Ojai, CA 93023
      View Details

    Similar Nearby for Lease

    • 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 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
    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.
    110 Ventura St
    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

    Thank You for Inquiry
    110 Ventura St, Ojai, CA, 93023
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!