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    SEC Highway 126 & Hallock Drive Santa Paula, CA 93060 Santa Paula, CA 93060
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    SEC Highway 126 & Hallock Drive Santa Paula, CA 93060, Santa Paula, CA 93060

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    • Residential land & home lots
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for SEC Highway 126 & Hallock Drive Santa Paula, CA 93060

    Property type
    Residential land & home lots
    Property subtype
    Commercial land

    Description

    Hotel site on ±3.32 acre Restaurant/retail site on ±3.91 acre Restaurant/Retail site on portion of the property adjacent to the new planned hospital and medical pavilion Location Description Located at the gateway to Harvest Development; an approved master planned development with 2,050 housing units on 502 acres

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Santa Paula
    County
    State
    California
    Longitude
    -119.0592705
    Latitude
    34.3541659

    Comparable in this City

    • Value Estimation by Request
      0.32 Acres

      111 8th St

      HOTEL
      111 8th St, Santa Paula, CA 93060-2709
      View Details
    • Value Estimation
      $500,000
      1.23 Acres

      134 Ml St

      MOTEL
      134 Ml St, Santa Paula, CA 93060-2812
      View Details
    • Value Estimation by Request
      1,308 SF

      350 Peck Rd

      MOTEL
      350 Peck Rd, Santa Paula, CA 93060-3030
      View Details
    • Value Estimation by Request
      1.05 Acres

      1445 Main St

      MOTEL
      1445 Main St, Santa Paula, CA 93060-2927
      View Details
    • Value Estimation by Request
      0.64 Acres

      Harvard Blvd

      VACANT COMMERCIAL LAND
      Harvard Blvd, Santa Paula, CA 93060
      View Details
    • Value Estimation by Request
      0.14 Acres

      145 10th St

      VACANT COMMERCIAL LAND
      145 10th St, Santa Paula, CA 93060-2802
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,890 SF

      Historic Landmark on Main Street

      1920s Spanish-influenced landmark, ideal for restoration and redevelopment.
      948 E Main St, Santa Paula, CA 93060
      View Details
    • Contact for pricing
      305,791 SF

      Santa Paula Land Development Opportunity

      7.02 acres near Santa Paula Airport, entitled for development.
      1170 Montebello St, Santa Paula, CA 93060
      View Details
    • $7,600,000

      Commercial Land For Sale

      Commercial land available on Corporation Street in Santa Paula.
      905-917 Corporation St, Santa Paula, CA 93060
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3 SF

      Land for Retail Development

      Land available for hotel, restaurant, and retail development.
      Sec Hwy 126 & Hallock Dr, Santa Paula, CA 93060
      View Details
    • $0.20 SF/Yr
      4 SF

      Land for Lease in Santa Paula

      2-acre land available for lease in Santa Paula, California.
      950 Mission Rock Rd, Santa Paula, CA 93060
      View Details
    • $0.20 SF/Yr

      Santa Paula Industrial Yard Space

      Industrial yard space available for lease in Santa Paula.
      815 Mission Rock Rd, Santa Paula, CA 93060
      View Details
    • Contact for pricing
      239,580 SF

      Industrial Zoned Land For Rent

      5.5 acres of industrial-zoned land available for rent.
      910 Mission Rock Rd, Santa Paula, CA 93060
      View Details
    • $25,000

      Santa Paula Farm Ground For Lease

      Farm ground available for lease in Santa Paula, California.
      000 Faulkner Rd, Santa Paula, CA 93060
      View Details
    • $0.90 SF/Yr
      2,000 SF

      Industrial Space in Santa Paula

      2000 SF industrial space for rent in Santa Paula.
      957 Faulkner Rd, Santa Paula, CA 93060
      View Details
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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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    SEC Highway 126 & Hallock Drive Santa Paula, CA 93060, Santa Paula, CA, 93060
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