Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    250 Mills Rd Ventura, CA 93003
    Back to Search
    Property profile & analytics

    250 Mills Rd Ventura, CA 93003

    View on Map
    • Retail properties & Spaces
    • 14,112 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 250 Mills Rd

    Property size
    14,112 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional Ventura, CA property at 250 S Mills Rd offers a unique blend of retail and office space, ideal for a variety of businesses. The 14,112 square foot building boasts a Class A designation and sits on a 2-acre lot, providing ample parking with 200 spaces, including above and below-ground options. Currently, 12,260 square feet is available, divisible into spaces ranging from 1,480 to 6,480 contiguous square feet. The property features high ceilings, polished concrete floors, and updated lighting throughout. Multiple entrances provide excellent access and visibility, enhanced by floor-to-ceiling windows. Its prime location across from Target, Trader Joe's, Pacific View Mall, and Mill St. shopping and restaurants ensures high traffic and visibility. The versatile space is perfect for high-end retail, showrooms, tech companies, or co-working spaces. A significant portion of the available space includes a 4,300 square foot former urgent care facility, complete with an X-ray room, waiting room, exam rooms, kitchen, and restroom. Additionally, a 1,480 square foot lower-level multi-use studio space with a kitchen is available, suitable for physical therapy, photography studios, or similar uses. The property is zoned C-1 and has an APN of 079-0-101-300. The building also features an interior elevator and convenient parking access. Large outdoor areas are available at the front, rear, and side of the building. This property presents a rare opportunity to secure a highly desirable and versatile commercial space in a thriving Ventura location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ventura
    County
    Ventura
    State
    California
    Longitude
    -119.247
    Latitude
    34.2705

    Comparable in this City

    • Value Estimation by Request
      1,300 SF

      111 Dos Caminos Ave

      Medical Office Space • 1,300 SF
      111 Dos Caminos Ave, Ventura, CA 93003
      View Details
    • Value Estimation by Request
      14,112 SF

      250 Mills Rd

      Individual retail properties • 14,112 SF
      250 Mills Rd, Ventura, CA 93003
      View Details
    • Value Estimation by Request
      11,640 SF

      2895 Loma Vista Rd

      Medical Office Space • 11,640 SF
      2895 Loma Vista Rd, Ventura, CA 93003
      View Details
    • Value Estimation by Request
      2,930 SF

      3450 Loma Vista Rd

      Medical Office Space • 2,930 SF
      3450 Loma Vista Rd, Ventura, CA 93003
      View Details
    • Value Estimation by Request
      42,217 SF

      3585 Maple St

      Medical Office Space • 42,217 SF
      3585 Maple St, Ventura, CA 93003
      View Details
    • Value Estimation by Request

      2949 Loma Vista Rd

      Medical Office Space
      2949 Loma Vista Rd, Ventura, CA 93003
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Ventura Retail/Office Opportunity

      Retail and office property for sale in Ventura, California.
      300 S Mills Rd, Ventura, CA 93003
      View Details
    • Contact for pricing
      14,112 SF

      Mid-Century Class A Building

      Remodeled Class A building with ample parking and event space.
      250 S Mills Rd, Ventura, CA 93003
      View Details
    • $18,500,000
      117,987 SF

      Ventura Flex/Industrial Opportunity

      Two-building flex/industrial complex in Ventura, excellent freeway access.
      5120 Ralston St, Ventura, CA 93003
      View Details
    • Contact for pricing

      Professional Office Campus For Sale

      Office campus with significant renovations, ample parking, and security.
      5700 Ralston St, Ventura, CA 93003
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Retail/Creative Office Space

      Updated retail/creative space with high visibility and ample parking.
      250 S Mills Rd, Ventura, CA 93003
      View Details
    • Contact for pricing

      Retail/Office Space For Rent

      Retail or office space available, ranging from 6,814 to 13,628 SqFt.
      300 S Mills Rd, Ventura, CA 93003
      View Details
    • $17 SF/Yr
      8,471 SF

      Ventura Retail Center Opportunity

      Prime Ventura retail space, multiple units available
      0 Main St, Ventura, CA 93003
      View Details
    • Contact for pricing

      Ventura Office Space Available

      Office space with private offices, storage, and freeway access.
      1587 Morse Ave, Ventura, CA 93003
      View Details
    • Contact for pricing
      4,619 SF

      Ventura Office Space Available

      Office space available for lease in Ventura, California.
      2340 Palma Dr, Ventura, CA 93003
      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.
    250 Mills Rd
    Ventura, CA 93003
    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
    250 Mills Rd, Ventura, CA, 93003
    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!